Ep 2: Should You Reduce Your Risk?
Rethinking Retirement with Marvin Mitchell
English - December 17, 2020 10:00 - 12 minutes - 13 MB - ★★★★★ - 4 ratingsInvesting Business News Business News stocks annuity compassretirement finance financial financialadvisor marvinmitchell missouri planning retire Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Ep 1: Where Will Your Income Come From In Retirement?
Next Episode: Ep 3: What to Know About Estate Planning with Rudy Beck
Too often, people will have more risk in their portfolio than they realize, and that can be a real problem. Today Marvin will tell you how to determine how much risk is appropriate for you, share an example of what can happen if you don’t plan properly, and explain the rule of 100.
Read more and get additional financial resources here: https://compassretirementsolutions.com/2020/12/17/ep-2-should-you-reduce-your-risk/
What we discuss on this show:
1:30 – Background on this income conversation
3:06 – Should I reduce my risk?
3:59 – Client example of appropriate risk
6:06 – How much risk are you comfortable with?
7:54 – Rule of 100
9:05 – Get a stress test