What should you do if that balance is out of whack? What if you’re a natural risk-taker, but you really shouldn’t be when it comes to your finances? We’ll explore all of these angles as we break down the role of risk in your financial and retirement plan.
Here are some of the things you’ll learn on this episode:
• How often do people have a portfolio that matches their risk tolerance.
• What we do to help clients identify their comfort level with risk and how that translates to how they’re allocated.
• Why people often end up taking on more risk than they need to in retirement.
What We Discuss Today:
0:30 – Current state of the market
2:01 – How many clients are comfortable with risk?
4:26 – Matching portfolio with risk tolerance
5:57 – Understanding your risk tolerance
7:49 – Taking on too much risk
9:35 – Reducing risk but still maintaining growth
11:52 – Helping our clients with risk
14:01 – How to get help with your risk
“If you have the right advisors and the advisor is educating you and going over your planning strategy, you’d be able to overcome this and things will start getting better as long as you stay disciplined and focused.”
– Spiros Vassilakos