You can’t suffer a big loss to your savings now you’re retired or nearing retirement, you might not make it up, and you could run out of money. Most retirees we meet with are taking far more risk than they thought and could lose twenty to fifty percent of their savings.
Even if you have a diversified portfolio, you could lose a lot, so you should have a risk stress test on your portfolio. You need to know how much risk you’re taking right now, before you suffer a big loss, because then it would be too late.
That’s because, if you lose fifty percent of your savings, you’ll need to make more than one hundred percent just to recover. A risk stress test is like a cardiac stress test for your money, telling you how much you could lose in the next stock market crash, keeping your savings healthy and safe.
By knowing how much risk you are taking, you can make adjustments right and avoid suffering a loss you can’t recover from. If you would like a risk stress test run on your portfolio, call us today.
VIP Financial
www.vipfinancials.com
402.547.0395
Financial Planning in Parker CO
Retirement Planning