Welcome to part 2 of our 7-part series, where we’re diving into the 7 principles of Powerhouse Financial Advisors!
Today’s episode is all about the importance of balancing risk, especially as retirement approaches. Steve and Walter discuss how different risks can impact retirement savings and why a risk management strategy can make a difference in building a resilient plan.
Steve will cover some common misconceptions about financial risks and highlight often-overlooked threats to retirement like inflation and long-term care costs. Tune in as we dive into strategies to keep your retirement plan steady, no matter what life throws your way!
Here’s some of what we discuss in this episode:
0:00 – Intro
0:58 – Misconceptions about risk
3:16 – Managing risk approaching retirement
4:26 – Loss of purchasing power
6:52 – Life insurance
8:16 – Disability insurance
9:33 – Long-term care planning
12:21 – Byline indicator
13:53 – The importance of professional guidance
Resources
Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
