THE RETIREMENT RISK PROFILE
The Retirement Risk Profile is a tool that helps advisors create a conversation focused on assessing milestone events in a client’s life that have the potential to increase that client’s financial risk. Examples of these events include a change in marital status, loss of a loved one, change in career, inability to work, assisting an aging parent, and dealing with a financial windfall. Using the acronym LIVE, the Profile helps advisors assess four types of risk:

L
Longevity Risk – The risk that clients will outlive their money
I
Inflation Risk – The risk that purchases will cost more tomorrow than they do today
V
Volatility Risk – The risk that clients may lose money they’ve invested
E
Events Risk – The risk that unexpected events will impact clients
financially

The Retirement Risk Profile also includes Retirement Roulette™, an
entertaining exercise that helps advisors show clients what 10-20 years of market gyrations feel like––in just five minutes or less.


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Copyright by Financial Planning Life Institute Copyright by Financial Planning Life Institute