Protect What You've Built
Could One Life Event Derail Your Financial Plan?
Use this Risk Audit to find coverage gaps before life exposes them for you.
The Risk Gaps We Find Most Often
After working with pre-retirees and retirees across Maryland, West Virginia, and Virginia, a few risk gaps come up repeatedly. Here’s what to look for as you work through the audit.
Underinsured Disability Coverage
Short-term disability through an employer often runs out before recovery does. If you’re self-employed or within five years of retirement, this section deserves a hard look. A disability that keeps you out of work for 12–18 months can devastate a retirement timeline if there’s no bridge coverage in place.
No Long-Term Care Plan
The average nursing home stay in the mid-Atlantic region runs well over $90,000 per year. Without a plan, those costs come directly out of the retirement assets you spent decades building. Long-term care is the risk most people say they’ll “think about later” — until later arrives.
Outdated Beneficiary Designations
A beneficiary form from 1998 overrides your will. Period. The audit prompts you to check every account and policy. This step alone has prevented serious family disputes and unintended asset transfers for clients we’ve worked with.
Umbrella Policy Gaps
If your net worth has grown significantly but your liability coverage hasn’t kept pace, you may be exposed in ways that aren’t immediately obvious. An umbrella policy is one of the most cost-effective coverage tools available — and one of the most commonly skipped.
If you’d like to review what the audit reveals with a fiduciary advisor serving families in the Hagerstown, Martinsburg, Winchester, and Charles Town areas, reach out to start a conversation.
Other worksheets you may find useful: Retirement Readiness Checklist · Net Worth & Budget Worksheet · Tax Strategy Planning Calendar