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Tradewell Tax & Financial
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Risk Management

Defining Risk
Risk, broadly defined, can appear in many forms. The obvious is the risk of losing your investments in the stock market. Other forms may be taxes, running out of money in retirement or long term health concerns.

Essentially, risk management occurs anytime an investor or investment advisor analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance.

Inadequate risk management can have severe consequences for investors and retirees. For example, the recession that began in 2008 was largely caused by the loose credit risk management of financial firms. This had devastating effects for people who were relying on the stock market while drawing income from accounts that went down in value.

At TradeWell™ Tax & Financial, We Define Risk More Broadly

Risk in your 401k or IRA is understood, but it does not just stop there. Understanding the threat of increasing taxes on your retirement income would be a great place to start reducing risk for many. Perhaps it may be having the proper legal documents* in place for either death or disability. Let’s have a conversation about the threats of long term care, or in-home care services if that day ever came. Have you considered how this would affect your retirement accounts for you or your healthy spouse if such a catastrophic health issue occurred?

There are also estate taxes, risk for probate, gift taxes, financial mismanagement, and misuse. Proper risk management planning is necessary to help avoid these threats and others.

If You Are Thinking Through Your Risk Management Needs, You Are Not Alone. Many pre-retirees and retirees have no place to turn to for help. Who can you feel confident handling all of your details and affairs in retirement.

To receive a free copy of our white paper, Four Reasons to Review Your Risk Management Strategy Now, register at our Resource Center. Our white paper is packed with some ideas on how you can better manage risk for yourself, your family, and your legacy. Please keep in mind that TradeWell™ Tax & Financial is not engaged in the practice of law.

Legal services provided by Kirby Moss. Kirby Moss is an independent attorney and not affiliated with TradeWell Tax & Financial or Secure Asset Management, LLC.

Do You Want To Know More?
Call Us At: 260.490.2084

9604 Coldwater Rd
Suite 201
Fort Wayne, IN 46825