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 131: The Most Important Retirement Birthdays
Ep 130: Common Housing Questions from Retirees
Ep 129: Financial Jargon: Designations and Education
Ep 128: Financial Jargon: Terms & Definitions
Ep 127: Recognizing the Voice of Greed
Ep 126: Guessing in Retirement Planning
Ep 125: Murky Issues in Retirement
Ep 124: State of the Market and Current Inflation
Ep 123: What is the Most Important Part of Retirement Planning?
Ep 122: Values-Based Planning
Ep 121: Planning for the Things We Can’t Predict
Ep 120: How Much Are Your Money Biases Costing You?
Ep 119: How Do Kids Factor into Retirement Planning?
Ep 118: Don’t Fumble in the Retirement Red Zone
Ep 117: What They’re Saying - 2022 Economic Predictions
Ep 116: How “The Great Resignation” Could Impact You
Ep 115: 22 Money Resolutions for 2022 Part 2
Ep 114: 22 Money Resolutions for 2022 Part 1
Ep 113: Mailbag – Retiring Early, Risk, and More
Ep 112: Retirement Late Bloomers
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