Adjunct professor of the American College, Curtis Cloke, RICP says there are 18 to 20 retirement risk factors that may need to be addressed when designing your retirement plan. It’s a daunting task to design a retirement plan that covers every one of those items and that’s why you need a retirement expert to assist you. Here are the top ten retirement risks. Medical Health (Frailty): Medicare and supplement plans can help with healthcare costs, but catastrophic events could overwhelm your budget and your emotions. Long Term Care: For most retirees it is an inevitable event that consumes assets in the later years of life that can leave you living off of Social Security only. Financial Elder Abuse: Scams, unethical advisers and strangers prey upon unprotected seniors, but the vast amount of thefts are from family and friends. Sequence of Returns: Withdrawing monthly income from your portfolio can be dangerous in a down market and can inadvertently quickly reduce your portfolio’s size. Inflation: Real inflation can rob the purchasing power of your retirement dollar for the commodities you need to live on in retirement. Liquidity Risk: Life happens. Whether you need to pay deductibles for unforeseen auto, home and medical   Read more…