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 91: Planning Through Uncommon Sense
Ep 90: Not Your Father’s Retirement
Ep 89: The Three Worlds of Money
Ep 88: 5 Words That Describe Retirement
Ep 87: Playing the ‘What if?’ Financial Game
Ep 86: Do Retirees Really Need Life Insurance?
Ep 85: Financial Planning in President Biden's America
Ep 84: Frequently Asked Questions About Bonds
Ep 83: Financial Fact or Fiction?
Ep 82: How Long Would A Million Bucks Last in Retirement?
Ep 81: What Can We Learn From Will Rogers?
Ep 80: Are You Flirtin’ with Financial Disaster?
Ep 79: When Crisis Meets Opportunity
Ep 78: March Madness and Retirement Planning
Ep 77: Status of the American Pension
Ep 76: Reasons to Never Assume in Retirement
Ep 75: Saving for Retirement as a Business Owner
Ep 74: Getting More Involved in Retirement Planning
Ep 73: Top Tax Tips for Filing in 2021
Ep 72: The GameStop Stock Story
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