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?
Patience Pays: The Power of Delayed Gratification
Financial Tweaks That Matter: Small Steps, Big Impact (Part 2)
Financial Tweaks That Matter: Small Steps, Big Impact (Part 1)
How To Successfully Climb The Retirement Mountain
End of Year Financial Planning For 2023
Money Mistake You’ll Regret And How To Avoid Them
Understanding Continuing Care Retirement Communities (CCRCS)
Retirement Planning’s “Hidden” Questions
Retirement Planning for High-Net-Worth Individuals
The Universal Truths in Retirement Planning (Part 2)
The Universal Truths in Retirement Planning (Part 1)
Navigating Finances After Losing a Spouse: Strategies & Mistakes to Avoid
Understanding RMDs: A Guide For Retirees & The Soon-to-Retire
Retirement: Ready Or Not, Here It Comes
Breaking Up is Hard: Navigating the Transition to a New Financial Advisor
Till Debt Do Us Part: Resolving Financial Tension Between Couples (Part 2)
Till Debt Do Us Part: Resolving Financial Tension Between Couples (Part 1)
Spotting Problematic Personalities of Rogue Advisors (Part 2)
Spotting Problematic Personalities of Rogue Advisors (Part1)
Countdown Clarity: Timing Your Retirement Preparations
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