5 Risks That Could Affect Your Retirement Plan

Lets shed some light on the risks that could affect your retirement

By Ivon T Hughes
5 risks that could affect your retirement plan
Figure 1. 5 Risks That Could Affect Your Retirement Plan

5 Risks affecting your retirement

Lets shed some light on the risks that could affect your retirement lifestyle.

Below are 5 risks that I can help you reduce, by working with you and creating a retirement plan that looks after your future.

  1. Longevity risk
  2. Your retirement could last over 30 years - you'll need a balance between withdrawing enough money to support your lifestyle and making that money last as long as you live.

  3. Inflation risk
  4. Rising prices could decrease the size of your next egg and affect your plans for retirement.

  5. Market risk
  6. Negative returns right before you retire could sharply decrease the amount of money available to do what you want to do.

  7. Health risk
  8. As your health changes with age, paying for medications and other health care expenses could cut into you retirement portfolio.

  9. Mortality risk
  10. If your spouse or partner dies, you may have less money available to live your vision of retirement.

Let's talk about getting ready for retirement

Call Toll Free: 1.877.842.3863

Phil Barker

About the Author

Phil Barker

Phil Barker is a leading expert on life annuities in Canada. LifeAnnuities.com has different financial products and has been a recognized authority since 1972.

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