In retirement, there are at least nine risks that households will face.
Those include systematic risks: including political (public policy and inflation) and business (market, issuer, income) and unsystematic risks: including behavioral (spending) and chance (household shocks, heath care and longevity).
Topics: economy, financialpodcast, retirement, retire, financial advisors
The past 18 months will be written about in the history books and taught in schools; movies will be made, and books written. In addition to our personal and work lives, the global COVID-19 pandemic continues to impact the financial markets and, as advisors can attest, clients' emotions.
Protect, Live, Dream
Odysseus, the Greek king of Ithaca, is best remembered for his arduous 10-year journey home after the Trojan War, as well as the Trojan Horse he used to gain surreptitious access to enemy fortifications. As the protagonist in Homer's epic, The Odyssey, and returning character in The Iliad, Odysseus is painted as a fierce warrior whose strength matched only his cunning. And while Odysseus may be best remembered as a warrior, perhaps his most important action on his...
Investments & Wealth Institute, in partnership with the Behavioral Investing Institute, recently conducted a study, “2021 Investor Behavior in Market Crisis,” about how both advisors and investors perceive bubbles and market crises. The survey results revealed the depth of client temptations, their fears of market declines, and their understanding of their portfolios. The study also revealed advisors’ perceptions about what their clients think of them.
As we begin emerging from the darkness of COVID-19, we’re starting to see the light at the end of the pandemic tunnel. So let’s take a few moments to review its impact on Black, Indigenous, & People of Color (BIPOC).
