How to Take the Risk Out of Retirement (Ep. 16)
What’s the main risk that’s hiding in your retirement plan? Chances are, it’s lurking in plain sight and could jeopardize your financial future. How can you avoid it?
In this episode, Ryan Thacker and Tyson Thacker, the “retirement brothers” from B.O.S.S. Retirement Solutions and Advisors, talk about managing risk in your retirement portfolio. Through storytelling and real-life examples, they illustrate the all-too-common mistakes that can compromise your financial security. This episode shines a spotlight on how to ensure your money lasts as long as you do, helping you avoid the pitfall of taking unnecessary risks.
They discuss:
- (01:18) Recognizing the emotional impact of financial risk
- (03:53) Personal anecdotes about business risks and financial losses
- (14:20) The significance of ‘stress testing’ your portfolio to gauge risk accurately
- (21:57) The insidious effect of fees on your retirement savings
- And more
Tune in for an enlightening discussion that leverages real stories to help you create a foolproof plan. By understanding the risks and taking the necessary steps, you can protect your nest egg and secure a worry-free retirement.
Resources:
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