Grady Financial

Risk Management

There’s more to risk management than completing risk tolerance questionnaires and purchasing an assortment of insurance policies. Here are the five realms of risk.

The Five Realms of Risk

1.) Spiritual Risk – anxiety risk around money, trust, idolatry
2.) Catastrophic Risk – tragedy; death and/or disability
3.) Management Risk – managing our spending and debt
4.) Investment Risk – stock market risk
5.) Event Risk – changes and transition that can threaten our situation financially (e.g. inflation, caring for aging parents, health, living too long, etc.)

How Insurance Can Help Manage Risk

Insurance is essential to any comprehensive financial security plan. If tragic events like death, disability or critical illness strike, insurance can protect you and your family from undue hardship. Some life insurance policies also provide tax-advantaged savings that you can draw on to achieve goals like buying a house or retiring comfortably.

We have access to a variety of insurance products that can help meet your financial security planning needs. No matter your personal situation—if you’re single or in a family; a professional or a seasonal employee; an executive or small business owner—we will work together to design a customized plan.

  • Life insurance
  • Long-term care, disability and critical illness insurance
  • Health and dental insurance
  • Group health benefits

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What Is My Tax Equivalent Yield?


How Much Self Employment Tax Will I PAy?


Federal Income Tax Calculator


Duration of Life Insurance Proceeds


What Are The Tax Advantages Of An Annuity?


How Much Will I Earn In My Lifetime?


What Are My Chances Of Becoming Disabled?


How do taxes and inflation impact my return?


Should I Convert To A Bi-Weekly Payment Schedule?


What could my current savings grow to?


How Much To Save To Reach My Goal?


How long until I reach my savings goal?


How long to Double My Savings?


Becoming a millionaire Calculator


Convert Discretionary Expenses to Savings


Impact of inflation on my retirement calculator


Comprehensive Mortgage Calculator


What Are The Tax Savings Generated By My Mortgage?


Auto loan: Accelerated payoff


What would my loan payments be?


What would my auto payments be?


Auto Loan vs. 0% Dealer Financing


Convert Hourly Wage To Annual Salary


Convert Annual Salary To Hourly Wage


Should I Pay Off Debt Or Invest The Money?


Should I Pay Off Debt Or Invest The Money?


What Is The Impact Of Making Extra Payments?


Cash Up Front Or Payments Over Time?


What is the balance on my loan?


How long until my loan is paid off?


Compare Interest-Only Vs. Traditional Mortgage


How Long To Pay Off My Credit Card?


Historical inflation - Compare purchasing power


How Long Will My Money Last?


Pay Down Debt Or Invest Monthly Surplus?


What are the payments on a parental (PLUS) loan?


What is the value of a college education?


Advantages of a 529 College Savings Plan


Advantages of a Coverdell ESA


Calculate your ability to pay back student loans


Social Security Retirement Income Estimator