Tag: Risk Management
How to Take the Risk Out of Retirement (Ep. 16)

How to Take the Risk Out of Retirement (Ep. 16)

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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:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Are You Taking Too Much Risk with Your Retirement? (Ep. 13)

Are You Taking Too Much Risk with Your Retirement? (Ep. 13)

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Are you aiming to be rich in retirement or simply ensuring you won’t be poor?

In this episode, Ryan Thacker and Tyson Thacker tackle the pivotal question: Should your retirement plan chase risk for potential riches or focus on security to avoid poverty? They explore common financial myths that could jeopardize your retirement, especially if you don’t fully understand your risk tolerance. Listen in as they unravel the misconceptions surrounding financial planning and highlight the critical importance of reliable income over magic numbers. 

Ryan & Tyson discuss: 

  • (05:31) The myth of the “magic number” for retirement savings and its pitfalls
  • (07:04) Why “set it and forget it” isn’t a real plan
  • (09:07) The misleading nature of average rates of return
  • (13:09) How high risk doesn’t always translate to high reward
  • (18:12) Real-life examples from the B.O.S.S. Retirement Blueprint, including the risk analysis of Bob and Carol
  • And more

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Understanding Risk in Your Retirement Blueprint (Ep. 10)

Understanding Risk in Your Retirement Blueprint (Ep. 10)

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Ever wonder how much more money you’d have if you could rewind your top financial mistakes? Where there’s smoke, there’s often fire – crucial lessons in managing risk. 

In this episode, Ryan Thacker and Tyson Thacker tackle the often-overlooked topic of managing risk in retirement planning. With an election upon us and fluctuating markets creating uncertainty, understanding and managing risk is more critical than ever.

Ryan and Tyson discuss:

  • (01:35) Why recognizing financial “cracks in the foundation” could be crucial to your retirement strategy
  • (02:53) Lessons learned from real-life investment missteps emphasizing diversification and risk evaluation
  • (06:39) The danger of high-risk ventures and essential precautions
  • (20:00) Benefits of cash value life insurance for tax and security
  • And more

Tune in to avoid common investment mistakes and learn how to construct a stable, secure retirement plan that aligns with your goals.

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More