Proactive Risk Planning

While we all hope for certainty during retirement, it is prudent to plan for the uncertainties. Proactive risk planning focuses on better understanding the uncertainties that may develop during retirement. For example, unexpected changes in medical health that could result in a disability or need for personal care or even loss of cognitive ability. On the other hand, unexpected longevity may mean that your assets will need to support your financial needs for longer than anticipated. Uncertainties during retirement could also include unexpected loss of a spouse or loved one or having to move cities (ie. change in cost of living) due to a life event or having to become a caregiver for a loved one.

At Client First Capital, we believe that risk cannot be avoided but it can be managed and that risk management is a key aspect of wealth planning. We integrate scenario analysis within wealth planning to give our clients confidence when planning for or during retirement.

A comprehensive approach to managing risks during retirement includes insurance such as property insurance, medical insurance, long term care insurance and life insurance. It is our role as advisor to help ensure that you have the right type and amount of insurance while in retirement. We work with our clients to analyze potential risks and develop a customized plan tailored to each client’s unique needs.

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