Just like a memorable trip, a successful retirement begins with a well-thought-out strategy. As you begin traveling down the road to your retirement, or as you continue a retirement journey already begun, have you stopped to wonder what obstacles you may face?  

No one wants to run into a retirement roadblock on that journey. By addressing these 7 financial risks, you can be on a straighter path to achieving your financial goals. Have you asked yourself: 

1. Are you confident that your savings will withstand a 25 to 30+ year retirement? 
2. Do you have a strategy to combat inflation’s damaging effects on your purchasing power? 
3. Is your retirement income completely dependent on market performance? 
4. Do you know how much you can withdraw from your retirement savings each year without running out of money? 
5. Are you confident that your Social Security benefits are optimized for yourself and your spouse? 
6. Do you have strategies designed to cover rising healthcare costs and potential long-term care needs? 
7. Do you have a tax allocation strategy to help minimize the impact of taxes during retirement?