EPISODE #018

RETHINKING RISK

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2018 Business Owner's Guide

TAX GUIDE

Leverage the latest tax law changes to increase wealth.

Risk

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 is the author of 5 Ways Your Wealth is Under Attack. He has lectured extensively on financial planning. He has received the Five StarSM Wealth Manager Award for 2011, 2012, 2013, 2014, 2015 and 2016.

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.
  • You face a risk of disability.
  • You face a risk of lawsuit.
  • You face risks from inflation. (Loss of purchasing power.)
  • You face risk from rising taxes.
  • You face risk from rising expenses.
  • You face risk of job loss.
  • 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. 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. 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. For any other consultation, make an appointment here or by calling 732-542-1565.


Are you ready to increase your profit growth by 25%? John will show you how in the 2018 Business Owner’s Guide To Maximizing Your Benefits From The 2018 Tax Cuts.

Click here to get your complimentary copy.

2018 Small Business Guide To Maximizing Tax Cuts

 

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Rethinking Risk John Smallwood Podcast

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