Episode Details

Everyone is different when it comes to risk tolerance. A lot of us think we are risk-averse, but we may be taking on more risk than we realize. On today’s episode, Phil is going to discuss risk aversion and how it affects our retirement plan.

Read more and get additional financial information: https://philstaxhacks.com/podcast/what-is-risk-aversion/

What we discuss today: 

0:28 – Enjoying the fall

1:27 – California’s new law

2:38 - $600 IRS Report

6:00 – Being risk-averse

7:14 – Risk of inflation

9:33 – Market risk

12:00 – Why are we at risk?

14:04 – How do we address risk?