Risk Management

Focused On Managing Your Risk

Life isn’t always predictable, so stay ahead of the curve with a comprehensive risk management assessment. Life is uncertain, and having a systematic risk management process is a key part to making sure your plan stays on track. We systematically assess your potential risk exposures, which could lead to adverse deviations from your desired outcome(s). Through this process, we help determine the most appropriate strategies in which to mitigate these variables, implement solutions that can greatly enhance what you can achieve with your plan, and give you greater financial confidence.

  • 40%: The percentage of individuals who reach age 65 who will enter a nursing home during their lifetimes.1
  • Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire.2
  • The average long-term disability claim is about 35 months.3

The Process

There are many varied risks that can affect your life’s plan, and many of them overlap into different sections of your plan. Some risks we have control over, and others can appear out of the blue. We review each possible risk variable, its probability and severity to help determine which risks need to be mitigated. Through this systematic process we can best assess and help negate the risks that can affect you the most.

  • Your Taxes
    • Have you diversified your tax portfolio?
    • How would a tax increase of 15% affect your lifestyle?
    • Does your current plan provide you with the opportunity for tax-free income?
    • What planning have you done to minimize taxes and maximize your after-tax cash flow?
  • Your Contingencies
    • What business and family uncertainties should concern you most, and how can you prevent them?
    • If your earning power is interrupted or diminished, how would it affect your lifestyle and your family’s?
    • If you were served with a lawsuit, what is the exposure of your personal and/or business assets?
  • Your Retirement
    • How can you protect against the financial impact of increased longevity?
    • Will you have tax advantage income in retirement?
    • How will you sustain your current income level through the next financial crisis?
  • Your Investments
    • Are you taking on more risk than you need to reach your goals?
    • How will your investment assets be affected by unexpected inflation or deflation?
    • Do you have a long-term strategic investment plan?
  • Your Liquidity
    • Is too much of your total net worth tied up in your business?
    • Will you be able to meet all of your family commitments?
    • Do you have sufficient liquidity to meet your life’s obligations without the forced sale of assets?
    • Do you have sufficient liquidity to meet the costs of settling your estate?
  • Your Insurance
    • Do you have the WRONG type of life insurance?
    • How do you know if long-term coverage is right for you?
    • If your income is reduced by 50% due to a disability, would your lifestyle be altered?
    • If a long-term care event happened to you or a family member, what plan do you have in place?

Services Offered

  • Creditor Protection Planning
  • Disability Income Planning
  • Survivorship Income Planning
  • Investment Risk Management
  • Long-Term Care Planning

  • Business Risk Management
  • Life Insurance Planning
  • Debt Planning
  • Trust Planning

Getting Started

All of our relationships start with a meeting in which we get to know one another. There is no cost or obligation with many clients having plans in place and looking for a free second opinion. Please don’t hesitate in contacting us at 203.335.0851 and we will be happy to assist you in any way we can.

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