Ep 2: Should You Reduce Your Risk?
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
