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.

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


Mike Albertson is an Investment Adviser Representative. Advisory services offered through Secure Asset Management, LLC (SAM) a Registered Investment Adviser.

Wes Phelps is an Investment Adviser Representative. Advisory services offered through Secure Asset Management, LLC (SAM) a Registered Investment Adviser.

Tradewell Tax and Financial is not affiliated with Secure Asset Management

Representatives of Tradewell Tax and Financial are authorized in states where they are properly registered. Mike Albertson: AZ, FL, IN, KS, KY, ME, MI, MN, NC, OH, SC, TX. Clients who are not residents of these states cannot be serviced.

This website is not intended to provide investment, legal, or tax advice, nor to effect securities transactions or to render personal advice for compensation. Tradewell Tax & Financial is not engaged in the practice of law.

All insurance recommendations will be provided by a state licensed Tradewell Tax & Financial insurance agent.

There are no assurances that you will achieve your investment objectives. All investment strategies have the potential for profit or loss. Changes in investment strategies, economic conditions, contributions, or withdrawals may materially alter the performance of your portfolio. Past performance is no guarantee of future success. We provide no guarantee that any portfolio will match or outperform any benchmark.

Recommendations and advice are based on information provided by the client that is presumed to be accurate. The financial planning process is not stagnant and must be adjusted based upon changes in the client's personal and financial situation, liquidity needs, investment objectives, and risk tolerance. Clients are responsible for notifying us immediately if their personal and financial circumstances or goals change.