Radio Show #25: Addressing the 7 Different Types of Risk
When people think of their money and working with a financial advisor, the primary risk that comes to mind is the stock market and volatility. That’s obviously the biggest and the most talked about, but there are many more risks to your retirement that don’t always get the attention they deserve.
This week’s show will highlight seven risks that we must address with planning: market, liquidity, concentration, reinvestment, inflation, horizon, and opportunity loss. Understanding and managing these various financial risks is crucial for securing your financial future, and Scott and Shawn will break down these complex concepts with strategies on how to account for all the risks to retirement.
Here’s some of what we discuss in this episode:
• The role of financial advisors as risk managers.
• How market volatility risk might play a factor for folks getting closer to retirement.
• How we help our clients understand their risk tolerance and how it relates to their current portfolio.
• Defining different types of risk and how they affect you financially.
Book a 15-minute discovery call with the team here: https://calendly.com/ask-bulmanwealth or ask questions via email at ask@bulmanwealth.com.