You’ve worked long and hard. You’re looking forward to reaping what you’ve sown. And your retirement plans are ready to be put to the test. But have you considered the impact that living with a chronic illness can have on even the best-laid plans?
If you live with MS, or you have a loved one who does, it’s critical that your retirement portfolio is able to withstand unexpected changes in your lifestyle, as well as turbulent market conditions. As with individual investments, there are unique risks in retirement that, if not managed properly, can dramatically alter the quality of your retirement years.
Know the risks:
There are three primary risks you should understand and address:
- Longevity Risk: The risk that you’ll outlive the income generated by your investment portfolio in retirement.
- Behavioral Risk: The risk that your emotional response to short-term market volatility will negatively impact the future of your investments. A retirement plan should be designed to yield long-term results.
- Sequence Risk: The risk that your retirement date will occur during an extended market downturn.
The timeframe just before and just into retirement is the most crucial juncture of your investing life. How you prepare and plan for this phase of your financial life is of critical importance.
Don’t wait until it’s too late! There are options available that can help take risk out of your retirement and create the security you’re looking for.
Nathaniel is a partner at Tilton Sturman Financial in Waltham and a frequent volunteer guest speaker for the Greater New England Chapter of the National MS Society. He is also the co-founder of the ArenaTilton Golf Tournament to benefit the National Multiple Sclerosis Society, Livestrong, and a scholarship program at Kennebunk High School for a graduating student-athlete who has been affected by cancer or MS. Nathaniel is a CERTIFIED FINANCIAL PLANNER™ Practitioner and is fully registered as an Investment Adviser Representative of Commonwealth Financial Network, a General Securities Representative.
Want to learn more? Join us for:
Retirement Planning Red Flags
How to prepare for the risks
Presenter: Nathaniel J. Tilton, CFP®, Tilton Sturman Financial
Date: Thursday, March 24, 2011
Time: 6:00 – 8:00 pm
Where: Greater New England Chapter Office, Waltham, MA
Registration required – Space is limited
To register: 1-800-344-4867 or MSnewengland.org
A light dinner will be provided.