Risk Management is the first step in the six part financial planning acronym R.E.T.I.R.E. that forms the foundation of developing a solid financial plan and pathway to financial independence.
In this episode Eric and Matt cover some of the basic tenets of Risk Management and developing a plan to protect yourself and your family against premature death, major disability, and emergencies.
Topics covered include
- Leveraging your employer benefits such as health, dental, and short and long-term disability insurance.
- Understanding how much life insurance you need and which types of policies are best (or not) for your situation
- Establishing an emergency fund