Ep 7: The Risks Savers Face: Being Too Aggressive - Part 2

We continue our discussion on savers and some of the missteps they can make along the way. Saving is key to retirement success but are you getting the best return on your money? Today we look at risk and how it can impact your portfolio negatively if you don’t put a plan in place to deal with downturns. 

On this episode:

2:03 – Today’s main topic is part 2 of our Risks Savers Face series. 

2:18 – Why is risk so important to understand when setting up your portfolio. 

3:23 – What are some examples of riskier investment products?

4:55 – We have software that can analyze your risk tolerance. 

6:27 – What kind of reactions do you get from clients when they learn their risk number?

7:38 – The highest risk number we’ve seen is 98.

8:27 – How we help clients understand risk and prepare their portfolio to handle it. 

10:56 – We like boring in our office.

12:04 – Mailbag question: My wife bought an annuity several years ago. She has the option at 60 to take money now but for a third less than if she waited until 65. What do you usually see clients do in this situation?

Show notes: https://www.baschrock-fg.com/podcast/ep-7-the-risks-savers-face-being-too-aggressive-part-2/