6 Major Risks to Your Retirement and How to Address Them (Ep. 3)
Retirement planning is crucial, but it comes with its own set of challenges and uncertainties.
How do you ensure your assets last as long as you do? What happens if the market crashes right before you retire?
This week on Compass Wealth Conversations, Brendon Murphy breaks down the top six risks every retiree or pre-retiree needs to consider to ensure a secure and prosperous retirement.
Brendon provides valuable insights and actionable advice on how to navigate these challenges effectively, drawing on years of experience in helping clients plan for their financial futures.
Brendon discusses:
- Longevity: The challenge of outliving your financial assets and the importance of planning for a long retirement
- Mortality: The impact of a spouse’s death on Social Security benefits and the need for additional income sources
- Market Volatility: The risks of market downturns and strategies to protect retirement savings
- Liquidity: The necessity of having accessible funds for emergencies and unexpected expenses
- Inflation: How rising costs can erode purchasing power and ways to hedge against inflation
- National Debt: The implications of national debt on taxes and retirement planning
- And more!
Connect with Brendon Murphy:
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