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 71: Good News, Bad News in Financial Planning
Ep 70: Know Thyself: How Looking Inward Can Lead To Major Financial Impacts
Ep 69: The Three Qualities of Money
Ep 68: Retirement Statistics That Might Surprise You
Ep 67: Which Retirement Lifestyle Is Right For You?
Ep 66: End-of-Year Financial Planning
Ep 65: What to Know About Biden’s Tax Proposals
Ep 64: Finding the Right Advisor
Ep 63: Don’t Assume the Customer Is Always Right
Ep 62: Is Diversification Just For Suckers?
Ep 61: Would You Pass This Retirement Preparedness Quiz?
Ep 60: Answering Your 401(k) FAQs
Ep 59: Mailbag: Should I Move My Investments To Cash Right Now?
Ep 58: Reframing the Social Security Conversation
Ep 57: Retirement Ready...or Not?
Ep 56: Financial Stuff You Should Know
Ep 55: Hindsight is 20/20 in Financial Planning
Ep 54: Do You Need a Trust?
Ep 53: This One is On The House
Ep 52: Are These Financial Rules Legit?
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast