Financial Risk as the term suggests is the risk that involves financial loss to firms. Financial risk generally arises due to instability and losses in the financial market caused by movements in stock prices, currencies, interest rates and more.
Retirement Risk
The term post-retirement risk refers to any and all of the potential risks to financial security that an individual may encounter after retiring
- Paying for health care.
- Saving enough money.
- Maintaining an income stream.
- Having too much debt.
A health risk is the chance or likelihood that something will harm or otherwise affect your health. Risk doesn't mean that something bad will definitely happen. It's just a possibility. Several characteristics, called risk factors, affect whether your health risks are high or low.
The fluctuation of interest rates can often have a significant effect on the performance of various investments held by a short-term investment fund; this increases the degree of income risk for that fund because the income generated by the fund is continually reinvested at the current rate.
A Financial commitment is a commitment to an expense at a future date. We may use the term for either a major expense or an ordinary one. It is a snapshot of a future' finances on a given date. Put simply; a financial commitment is a pledge to pay something on a future date or over a specific period.
Death that occurs before the average age of death in a certain population. In the United States, the average age of death is about 75 years. Smoking cigarettes and being exposed to second-hand tobacco smoke are leading causes of premature death in the United States
Three major causes of death were established: cancer in 61 (28%), deaths related to consumption of alcohol in 55 (25%), and coronary heart disease in 50 (23%). Distinctly different patterns of risk factors were found to be associated with each of the three main causes of premature death.
Liquidity risk is the risk that an individual will not be able to meet short-term financial obligations due to the inability to convert assets into cash without incurring a loss.