Understanding Sequence of Returns Risk

In this episode of The Money Knight podcast, we delve into a significant yet often overlooked threat to your retirement - the sequence of returns risk. Many people are unaware of the potential impact this risk can have on their retirement savings. Join us as we shed light on this issue and explore effective strategies to mitigate its consequences.

Listen in as Wade explains how critical it is to have a plan in place to safeguard your retirement savings against market volatility during your early years of retirement. He dives into the power of the bucket strategy and insurance products in reducing sequence of return risk. For this week’s Kingdom Minute, we take a look at what the Bible has to say about diversification. Tune in to get insights into managing sequence of return risk and safeguarding your retirement dreams!

 

Here’s some of what we discuss in this episode:

• What is sequence of return risk, and why is it important to understand, especially in retirement planning?
• What is the bucketing strategy, and how can it help mitigate sequence of return risk?
• Using insurance products like whole life or indexed life insurance as additional tools to reduce the impact of sequence of return risk.
• Why diversifying your investments is a wise + biblical approach to safeguarding your financial future.

 

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ 

 

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.