An Introduction

Hi. Welcome to BourGroup and my blog. Phil

Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.

I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.

"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.

Thursday, March 31, 2011

Longevity Risk

Another retirement risk that competes with sequence risk is longevity risk - the risk of outliving your money. For sequence risk, being conservative helps minimize this risk but for longevity risk, being more aggressive helps minimize this risk.

The answer: there is a balance needed in your investments.

And there are also probabilities to consider, too. The likelihood that you will need income from your investments when you start retirement are higher than the probability that you will live to 100 or beyond.

Balance is an important element of balancing risk in your portfolio.
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