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?
Ep 111: Dropping the Ball Financially
Ep 110: 4 Unreasonable Requests
Ep 109: Living the Dream
Ep 108: Overconfidence in Financial Planning
Ep 107: Tax Consequences – Pros and Cons
Ep 105: Financial Mistakes Couples Make
Ep 104: Can You Put Off These Financial Decisions?
Ep 103: What Do You Need To Know About the Recent Tax Proposal?
Ep 102: 5 Ways to Mind the Gap
Ep 101: Red Flags in Your Financial Plan
Ep 100: How Age & Wisdom Effect Retirement
Ep 99: Breaking Down Economic News in Bits and Pieces
Ep 98: What Makes Phil Tick?
Ep 97: Why You Need Retirement Customization
Ep 96: The SECURE Act 2.0
Ep 95: Things That Don’t Matter…Until They Do
Ep 94: What Retirement Are You Living For?
Ep 93: 5 Things to Know About Decumulation
Ep 92: What is Your Spending Personality?
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