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5 Ways Your Wealth Is Under Attack book


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Rethinking Risk In Financial Planning

In this financial planning episode, John addresses the idea of risk. For most people risk connotes simply loss of investments. John expands the conversation to encompass risks that come from all different directions. He wants you to be able to identify and address each one in your financial plan.

John has lectured extensively on financial planning and is the author of 5 Ways Your Wealth is Under Attack and It’s Your Wealth – Keep It.

John’s strength lies in his ability and commitment to continually improve the level and quality of the financial planning process. His dedication to his clients’ growth involves an evolving strategy that strives to meet the demands, desires, and needs of his clients in a continually changing economic environment.

You’ll want to hear about each area of risk that John identifies:

  • Each one of your family members poses a risk to your wealth, because of the simple fact that they will need some of your money one day.
  • When you loan or give money, not only do you lose that money, but you lose the future value of that money.
  • Know that you face a risk of disability.
  • Also, you face a risk of lawsuit.
  • You face risks from inflation. (Loss of purchasing power.)
  • You face risk from rising taxes.
  • And, you face risk from rising expenses.
  • You also face risk of job loss.
  • Finally, you face risk from your financial institution, which is too ready to transfer all of its risks to you.

All of these risks can increase the risk that you will not be able to save enough.

That’s just the beginning. John also blows up some of the received wisdom on market risk, and gets you to think about retirement differently. He delves into insurance products and deferred compensation products, taking you through scenarios that will change your perspective.

The upshot is that your individual risk is different from everybody else’s, and you need a financial plan that is tailored to you. You need a plan that is not linear—that expects changes in your life. Also, you need a financial planner who will build a timeline with you, visualizing what is coming and helping you to mitigate your risks and transfer them somewhere else. Lastly, you need a financial planner who will return to your plan with you on a regular basis, reviewing, reassessing, and updating it as circumstances change.

Listen here for all of the details on risk.

Visit our website and sign up for a free risk assessment.

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You can also call us at 732-542-1565.

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Everyone is impacted by these 5 problems. The question is, how big are yours? What impact do they have on your wealth potential? CLICK HERE TO GET THE BOOK