Disaster-Proof Your Retirement Plan

We have become used to watching disasters recently, as hurricanes, floods, fires and earthquakes ravaged cities and changed lives. With every passing month, a new disaster replaces the old in the headlines.

Many people who did all they could to prepare still lost their homes and, in some cases, their loved ones. Others who did nothing to prepare got lucky and escaped the worst. Misfortune tends to leapfrog like that. And that can make folks complacent.

Financial professionals frequently see a similar attitude as we talk to clients about potential threats to their retirement. Pre-retirees may know they need to plan, but it isn't a priority for them just yet. Today, they're still healthy, making money on their investments and seeing a steady paycheck coming in. They