Everyone is different when it comes to risk tolerance. A lot of us think we are risk-averse, but we may be taking on more risk than we realize. On today’s episode, Phil is going to discuss risk aversion and how it affects our retirement plan.
Read more and get additional financial information: https://philstaxhacks.com/podcast/what-is-risk-aversion/
What we discuss today:
0:28 – Enjoying the fall
1:27 – California’s new law
2:38 - $600 IRS Report
6:00 – Being risk-averse
7:14 – Risk of inflation
9:33 – Market risk
12:00 – Why are we at risk?
14:04 – How do we address risk?
Steering Clear of Retirement Stress
Is Retiring at 65 Crazy?
Tax Mistakes to AVOID in 2024 (Part 2)
Tax Mistakes to AVOID in 2024 (Part 1)
Finance Fortress: Practical Strategies for Retirees Against Scams & Fraud
Understanding Annuities: The Good, Bad & Ugly
The Retiree Dilemma: To Sell Or To Rent?
Retirement Planning Fear, Procrastination, and Indecision
Retirement Planning Is Harder Than It Used To Be (Part 2)
Retirement Planning Is Harder Than It Used To Be (Part 1)
Mailbag: Adjusting to Retirement, Company Stock & More
Will The Economy Boom Or Bust In 2024?
Are Your Good Money Habits Holding You Back? (Part 2)
Are Your Good Money Habits Holding You Back? (Part 1)
The U.S. Retirement System On The Global Stage
With Higher Interest Rates, Is “Lazy Money” Still A Concern In 2024?
Santa’s Naughty or Nice Investment Guide
Questions You Must Ask Your Financial Advisor
Strategic Planning for Retiree Healthcare
Patience Pays: The Power of Delayed Gratification
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