Broker Check

Risk Management And Asset Protection

If you’re a sports fan, odds are you’ve seen it more than once: the late-game comeback. It usually happens because the losing team fails to make the shift from focusing on offense, to focusing on defense and protecting their lead late in the game—when it matters most.

And, when it comes to planning and saving for retirement, the same thing happens all too often. But it doesn’t have to.

Let’s face it, most of the messaging that comes from Wall Street and many financial advisors is focused on growth-based financial strategies, which usually involve the stock market. And that might be okay for investors in their 30s and 40s but being over-exposed to growth based strategies as you near retirement can be a risky proposition. 

It doesn’t take complex risk analysis to determine that as we near retirement we should reduce our exposure to risk. The plain and simple truth is that anyone nearing retirement, simply can’t afford to ride out another major stock market correction like the ones that started in 2000 and 2007. For anyone within 10-15 years of retirement, financial defense is a must.

This is not to say that you can’t remain invested in the stock market as you near retirement. For those with the ability to withstand some level of risk, high-dividend paying stocks can be a viable way to generate ongoing income in retirement—while providing some risk mitigation.

That’s why in our initial meeting with you, we’ll create a financial risk management plan to help ensure that the level of risk you’re exposed to is appropriate for your current stage in life. After sitting down to get to know you, we can help to create effective risk management solutions that include wealth and asset protection strategies and asset protection trusts.