Personal Risks

When asked about financial risks, most of us think of the following

  1. Living too long: outliving our savings
  2. Dying too soon: with financial obligations outstanding
    • consider
      • life insurance for a tax-free lump sum benefit
      • preparing a will
      • setting up a power of attorney
  3. Getting sick: facing more medical expenses and less income
  4. Getting disabled: losing income
    • consider
      • disability income replacement insurance
      • critical illness insurance

We often miss the 5th risk: overpaying taxes. Taxes reduce our income, hurt our investment returns and reduce the values of our estates. Without planning, assets may need to be sold and an inopportune time to pay the taxes.

There are strategies for dealing with these risks throughout Riscario.


PS Network

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Tame Risk
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