Risk comes in all shapes and sizes, and risk exposure will change throughout your life. Early in your career, you are worried about not providing for your family if you can no longer work. While approaching retirement, your main concerns are outliving your money, increasing tax rates, stock market volatility, or even rising healthcare costs.
At Forteris, we understand this. Our financial planning process will identify key risk factors and threats to your overall financial security. Once we identify these key risk factors, we will design an action plan to help you mitigate these risks.
For example, we will help you make adjustments if we identify your primary risks are stock market volatility and rising tax rates. To lower stock market volatility in your portfolio, we will include investments with a low correlation to the overall stock market. To help reduce the risk of rising tax rates, we can help you adjust the allocation between tax-deferred, tax-free, and taxable investments. These actions can help ensure your income sources in retirement are optimized to your specific goals and tax situation.