A retirement plan may look strong on paper, but what happens when it encounters an expensive health event, an unexpected loss of income, or a major change in a family’s financial obligations?
Investment performance is only one part of financial security. Even a substantial portfolio can be placed under pressure when someone must withdraw money at the wrong time, sell an illiquid asset, or use retirement savings to cover costs their insurance does not fully address.
In this episode of Coasting in Retirement, Josh Null is joined by Jay Stubbs, Director of Risk Management for Providence Partners and Providence Benefits, to examine three risks that investment growth alone may not solve: the rising cost of long-term care, gaps in disability-income coverage, and potential tax and liquidity challenges within a legacy plan.
Josh and Jay discuss why “self-insuring” may not be as straightforward as it sounds, how an employer’s disability policy could leave a high earner with a significant income gap, and why families should consider where emergency cash would come from before it is needed.
Could your financial plan withstand a prolonged care event or sudden interruption in income without disrupting everything else you have built?
Listen to the full episode to learn how a comprehensive risk-management strategy can help protect more than the value displayed on your investment statement.
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