007: Don't Let Fear and Greed Derail Your Retirement

Retirement Equals Freedom

We’re baack! And this episode of The Retirement = Freedom Podcast moves us seamlessly from riveting to morbid with lots of light-hearted banter in between. Host Josh Bretl is taking us through risk – what it is, how to monitor it and why retirees often carry too much. The Dave is also debuting a new and catchy jingle (very likely to hit the pop charts) and giving us a powerful visual aid to explain exactly why Josh is way over-exposed to risk in the friendship department!

In a future episode Josh will deal with how to keep a cool head when the stock market starts a steep descent, but for now we’re focused on the role and risk associated with having a stock market portfolio. Over time, history has shown, the stock market is a great vehicle for growth. But as with so many things, timing is everything. Retirees don’t have the flexibility to wait out a downturn and long, slow recovery. So the answer is? Don’t put yourself in a vulnerable position!

Josh outlines three key points:

• Risk is about how much you’re willing to lose.
• Risk is identifiable and measurable.
• Most retirees are taking on too much risk.

If your financial adviser doesn’t specialize in retirement planning, then they are likely not monitoring your stock exposures and investment timing closely enough. We learn about what “sequence of returns” means in the context of your fixed income and ways to keep that all-important nest egg safe.

And, if all else fails, you can just double-click on the part where we give a big shout out to Tonic's "Soldier's Daughter," clearly a high-water mark (not) for 1990s culture.

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And if you’d like to learn more about or listen to previous episodes of the Retirement = Freedom Podcast, you’ll find them here.

Finally, click here to explore the services that FSR Wealth Strategies offers and schedule a discovery call with one of the team’s CPAs. When it comes to living your best life, it’s never too early to get started!