How Far Can You De-Risk Your Retirement Life?
As we get older, it's natural to want to de-risk our lives. After all, we've spent years working hard, building up our savings, and taking steps to protect ourselves and our families. We buy home, auto, and life insurance to mitigate the risks of financial hardship, and we save for retirement so we can de-risk our ability to make a living.
These are all good things, but it's important to remember that we can only go so far in de-risking our lives. No matter how much we try to control our circumstances, there will always be risks that we cannot mitigate or avoid entirely. This can be difficult to accept, but it's an important lesson to learn as we move through our 50s and beyond.
One of the biggest risks we face as we get older is the risk of failing societies. No matter how much we try to protect ourselves, we cannot control the decisions of governments and other institutions that impact our lives. This can be particularly concerning as we approach retirement, when we are counting on these societies to provide the support and security we need.
Another risk that we cannot fully eliminate is the risk of the random acts of strangers. No matter how much we try to protect ourselves, we cannot control the actions of others, and this can lead to unexpected and potentially harmful situations.
Finally, there is the risk of the weather and other natural disasters. While we can take steps to prepare for these events, we cannot fully eliminate the risk of being impacted by them.
So what can we do? While we cannot eliminate all risk from our lives, there are steps we can take to manage risk and find peace of mind. For example, we can focus on building a strong support network of friends and family, and we can work to cultivate resilience and adaptability in the face of change. We can also seek out activities that bring us joy and meaning, and we can focus on staying physically and mentally healthy.
Ultimately, the key to finding peace of mind in the face of risk is to accept that we cannot control everything, and to focus on the things we can control. By taking steps to manage risk and build resilience, we can find a sense of peace and purpose as we move through our 50s and beyond.
The commentary on this website reflects the personal opinions, viewpoints and analyses of the Ascend Investment Partners employees providing such comments, and should not be regarded as a description of advisory services provided by Kesler, Norman & Wride, LLC dba Ascend Investment Partners or performance returns of any Ascend Investment Partners Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Ascend Investment Partners manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
Ascend Investment Partners provides links for your convenience to websites produced by other providers or industry related material. Accessing websites through links directs you away from our website. Ascend Investment Partners is not responsible for errors or omissions in the material on third party websites, and does not necessarily approve of or endorse the information provided. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites.
To Get Started Click Here
(https://ascendinvestment.com/start)
Sign Up for Email to stay in touch
(https://ascendinvestment.com/signup)