Navigating risks in retirement

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Hey there, I'm Tony Medrano with your Retirement Income Team. In our last video, we shared how to build a retirement strategy to live your best life in retirement.

We believe a balanced approach to retirement can help protect against risks that may impact your retirement outcome.

Here are some risks to consider while planning for retirement:

Personal risks — like spending more than your retirement budget or changes to your family dynamics.

Legislative risks — this includes changes to taxes or retirement plans and the future of Social Security.

Health-related risks — these can come in many forms such as large, unexpected medical costs or diminished capacity to manage your own finances.

Investment risks — like Inflation and market risk.

Longevity risk — while a long life can be a great problem to have, you run the risk of outliving your money.

Longevity risk is the most important to think about. If you live a long life with a long retirement, there's a higher likelihood the other risks may disrupt your retirement plan.

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But through planning, you can mitigate these risks. And we're here to help! We have Retirement Income Specialists that are well-versed in risk management.

You can learn more at usaa.com/retirement. You can also schedule a call or call us directly at 800-531-3392.

Description of visual information: [Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, TX and in New York by USAA Life Insurance Company of New York, Highland Falls, NY. All insurance products are subject to state availability, issue limitations and contractual terms and conditions. Each company has sole financial responsibility for its own products.] End of description

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