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 169: 2023 Retirement Preparedness Checklist (#1-5)
Ep 168: Back to Basics - Income Planning
Ep 167: SECURE Act 2.0 – Retirement Changes to Know (Part 2)
Ep 166: SECURE Act 2.0 - RMD & Roth Changes (Part 1)
Ep 165: Top 401(k) Mistakes to Avoid
Ep 164: Dividend-Only Retirement Plans
Ep 163: The Market Outlook for 2023
Ep 162: Will it Take a Miracle to Retire?
Ep 161: Making Smart Decisions During Major Life Events
Ep 160: Should You Follow the 60-40 Rule?
Ep 159: Is the Grass Really Greener on the Other Side?
Ep 158: The Retirement Marathon: Finishing the Race
Ep 157: Common Questions About Taxes in Retirement
Ep 156: What You Need to Know About Forced Retirement
Ep 155: Are Health Savings Accounts ‘Super Roths’?
Ep 154: The ABC’s of Bonds
Ep 153: Fine Print Fiasco
Ep 152: Can’t Get No Satisfaction… Or Can You?
Ep 151: How Money Ads Get Your Attention
Ep 150: Getting Your Financial Decisions Right the First Time
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