Retirement Risks and How to Reduce Them   

Risk mitigation is an important concept for retirees to consider. The goal is to be able to weather various life events without suffering major adverse effects. Retirees face a number of risks that need to be planned for including longevity risk (i.e., an unknown life expectancy), market risk, sequence of return risk, and a variety of potential spending shocks including rising health care costs, long-term care needs, inflation, death of a spouse, "gray divorce," unexpected family responsibilities, and frailty. This class will cover these topics and more.