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?
Countdown Clarity: Timing Your Retirement Preparations
Mastering Retirement Cash Flow: Understanding Income
Bad Money Habits Could Spoil Your Retirement Party
Counterintuitive Advice: Why You Should NOT Invest In A 401(k)
Mastering Retirement Cash Flow: Understanding Changing Expenses (Part 2)
Mastering Retirement Cash Flow: Understanding Changing Expenses (Part 1)
Ep 185: Top Money Mistakes In Retirement (Part 2)
Ep 184: Top Money Mistakes In Retirement (Part 1)
Ep 183: Key Finance Decisions During Major Life Events Like Marriage, Divorce, Job Loss & More
Ep 182: Unsure, Confident or Certain: Retirement Planning Next Steps
Ep 181: Should You Relocate In Retirement?
Ep 180: Crash Course: The Psychology of Investing in the Wake of Historic Market Crashes
Ep 179: A Comprehensive Dismantling Of 2023’s Top Social Security Myths (Part 2)
Ep 178: A Comprehensive Dismantling Of 2023’s Top Social Security Myths (Part 1)
Ep 177: Fore Your Retirement: What Golf Teaches Us About Financial Planning
Ep 176: Back to the Basics - Retirement Saving Fundamentals
Ep 175: Moving Your Retirement Goalpost - Is It Worth The Risk?
Ep 174: Lessons Learned from the Silicon Valley Bank Collapse
Ep 173: The Incomplete Financial Plan
Ep 172: Top 10 Tax Questions for Retirees in 2023
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