The Three Risks You Must Avoid (3)

The third risk is Flexibility Risk.

This is closely related to control and access risk.

Basically, since it's your money you should have the flexibility to do whatever you want with it.

You should be able to make changes to the way that it's invested. You should be able to move it from one place to another without having to pay a penalty.

You should be able to pull it out and use it to help a loved one or just to take that dream vacation.

But flexibility is just one more thing you lose when you buy a packaged product.

These three risks are difficult to place a dollar value on until you are affected by them.

Then they are priceless.

By Jeffery Voudrie