Retirement Risks
Retirement Talk Podcast with Laura Stover
English - August 23, 2023 12:00 - 28 minutes - 39.7 MB - ★★★★ - 38 ratingsInvesting Business 401k financial money ohio retirement business investtalk laura lifestyle moneymanagement Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Retirement planning involves mitigating risk and understanding the various risks that retirees face. Laura Stover and Michael Wallin break down these risks today, including reduced earnings capacity, visible spending constraint, heightened investment risk, unknown longevity, spending shocks, compounding inflation, and declining cognitive abilities. It is important to have a comprehensive retirement plan that addresses these risks and provides a reliable income stream. Retirees must also be aware of the sequence of return risk, which can deplete wealth rapidly if negative returns occur early in retirement.
Compounding interest can be a great way to grow your nest egg, but triple compounding in reverse can have a significant impact on retirement income. Reliability of income is crucial in retirement, and a solid plan is necessary to ensure a comfortable retirement.
Rate, Review and Subscribe to the Podcast:
https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
How to Connect:
Schedule a Review: https://redefiningwealth.info/schedule/