Insurance can play an important role in retirement. What if you die early? Do you need life Insurance? We believe some people can be self-insured. No one wants to have any unnecessary expenses in retirement.
What if you live too long? Have you considered the raising cost of inflation and how the purchasing power of your money can erode
What if you go into a nursing home or just need nursing care? Are you self insured or do you need long term care insurance? How will this cost impact your spouse financially?
What if the market drops? What is the impact on your financial plan.
There are many risks in retirement. Have you stress tested your retirement plan to see how these risks would impact your financial plan?