Reducing Financial Risk

Charting a New Path

canadian dollars

One of the financial considerations that comes into play as you enter early retirement is the amount of risk you are willing and able to take.  With a long retirement time frame, in some cases 20, 30, or even 40 years, the highest risk that most people will encounter is not losing money, but rather running out of it.

Personally, when I reach 85 years old, I think I’d prefer to be a customer in a coffee shop rather than being a barista working there, so what action can a person take to ensure a consistent cash flow for life?

While everyone’s particular financial needs may differ, one of the most prudent things we can do is to remember that age old chestnut to avoid putting all of your eggs in one basket.  To add to that, you may also want to ensure your baskets are generally moving in opposing…

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