Risk takes on many faces. Sometimes we need to be reminded of the risks we undertake. For those who have chased yield, it’s time to reassess the risks of junk bonds, MLPs, REITS and other high yielding assets. The past few years have made these assets appear safer than they historically have been. It’s time for a check up and a renewed awareness of the possibility of capital losses. Locking in lower yields with guarantees through insurance products may leave you exposed to inflation an liquidity risks. We review these risks with Donald Bentley of The Family Wealth Group. The shorter or near term risks of the fiscal cliff, year end tax planning and new year planning adjustments are addressed by Bill Losey CFP,CSA. Bill is the author of Retire in a Weekend! A Baby Boomer’s Guide to Making Work Optional. Manage risk to protect wealth.