We all face uncertainties in life. Sometimes the uncertain can cause problems, both financially and personally. This is generally viewed as risk. You can’t manage what you haven’t measured and you can’t measure what you haven’t defined. There are ways to define and approach risk to increase your ability to prepare for it and to manage it. Mike Carpenter author of The ‘Risk-Wise’ Investor provides an intelligent approach and process for defining and managing risk. One risk we all face as we get older is how to we take care of our self and maintain our dignity when our physical and mental capacities deteriorate. Ron Jennette President and CEO of Methodist Retirement Communities explains how his organization provides shelter and assurance of being taken care of in old age. This is one way to reduce a risk we all face.

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