Risks come in many forms and can wreak havoc on our financial lives. Stock market risk can destroy what would have otherwise been an independent retirement. Litigation risk from common accidents can strip away your asset base. Personal risks unique to your family can sideline even the best planned retirement. An important part of your personal planning should be to identify and quantify as many of your potential risks and, where possible, identify strategies to mitigate those risks. Included in this worksheet are a few common risk areas for you to consider as you begin this process.
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