por Susan Hirshman
Riesgos para su cartera financiera
La respuesta más común a la pregunta “¿Cuáles son los mayores riesgos para su cartera financiera?” Generalmente tiene algo que ver con la volatilidad del mercado, es decir, los movimientos ascendentes y descendentes del mercado de valores.
Would your answer be different? Most likely not, because market risk is what people discuss at cocktail parties and what business news shows, magazines, and newspapers focus their attention on. Unfortunately, market risk is not the only risk that needs to be managed. There are five other risks to one’s portfolio that must be taken into consideration to ensure that you protect yourself and your family from financial sabotage.
Las 5 D del riesgo financiero para protegerse del sabotaje financiero
- Discapacidad
- Demencia
- Muerte
- Disaster
- Divorcio
Most people find the thought of one or more of these 5 D’s depressing and painful and avoid it like the plague. Like so many things in life, ignoring something does not mean that it won’t happen. So, instead of becoming a victim to your fear, become a person of strength and power.
Protecting Your Finances from Unexpected Life Events
Give yourself and your loved ones the gift of financial security and peace of mind in times of acute stress by addressing the 5 D risks and preparing accordingly.
Discapacidad
If you became disabled for an extended period of time during your and could not work what would happen to your financial security? The risk of disability does not get the respect it deserves. Few people realize that the chances of becoming disabled are greater than dying prematurely. In fact, it has been reported that by age 42, it is 4 times more likely that you will become seriously disabled than that you will die prematurely during your working years.
MIRAR: Seguro de dependencia para mujeres with Rona Loshak, MBA, CLTC and Natalie Karp, MBA, CLTC
Demencia
If your physical or mental health deteriorates so that it prevents your from performing the ordinary tasks of life, such as bathing, dressing, eating etc., will you have a choice as to how you will be taken care of? This is especially important for women, since studies show that women face a greater likelihood than men of needing long-term care.
Muerte
If something were to happen to you during your working years would you want to replace that income in order for your family to maintain their lifestyle and fund their long-term goals? The risk of premature death for those in their typical working years, ages 25-64, is still significant — a greater than 1-in-6 chance for males and a 1-in-9 chance for females of not surviving from age 25 to normal retirement age. These odds are much higher than most Americans perceive.
Disaster
Catastrophic events like fires, floods, tornadoes etc are not under our control and we can’t predict when they will occur. But when they do, they can be devastating to your property. For most of us, our home is our most valuable assets and studies show that most people are underinsured. Are you?
Divorcio
It happens. It’s hard to think about it going in but unfortunately the divorce rate in the US is still at 50% and the average length of first marriages that end in divorce is 7 years. You must take this into consideration before, during and after your marriages.
Ignorance in any or all of these cases is far from bliss; it is financial suicide. Know what you are up against and have the right tools in place to protect your finances from sabotage. Your investments plan means nothing if your “risks of life” are not managed and protected well. Don’t let yourself be a victim.
Explore our latest divorce and finances articles and webinar recordings aquí.
