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How to Protect Your Assets in Retirement

August 2, 2018

It is crucial that retirees protect their assets — including real estate, physical goods like jewelry, and financial resources like cash and stocks —from hazards in their golden years. Get good insurance to protect your assets against lawsuits and liability, and never put too much into any one type or class of asset. Putting money into legally-protected retirement accounts is also a good way to put it beyond the reach of creditors, and in some situations you may also be able to pass things to relatives.

Key Takeaways:

  • An asset is literally anything that can be converted into monetary value, which can be made into cash as required.
  • Therefore, assets are your cash savings and your monetary investments, as well as those items of value, such as property and jewelry, which can be converted into cash.
  • It’s a good idea to get your assets insured, so that should an unforeseen event arise, such as a lawsuit, your assets are protected.

“In order to protect your assets, you should diversify your investments.”

Read more: http://lovebeingretired.com/2018/01/09/how-to-protect-your-assets-in-retirement/

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About the author

Tyler Williams

As an Area Owner and Operator of a Home Matters Caregiving franchise, I am committed to ensuring exceptional outcomes for our valued clients and caregivers. My passion for elevating our service quality is matched by my role as a blogger and social media manager for the franchise, where I share insights, updates, and foster community engagement. Prior to senior care, I used my strategic communication and brand development skills as the Marketing Director of a regional bank. My diverse experience supports my commitment to excellence and innovation in both healthcare and digital communication.
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