Ep 67: Are You A Risk Taker? How To See If Your Tolerance for Risk Matches Your Plan

Do you like to take risks? Or would you rather play it safe and steady? When it comes to the market risk can come with great reward, but it can also be damaging if our risk tolerance is out of balance with our plan. Most people don’t realize how much risk they are taking on and have a much lower tolerance than their portfolio reflects. 

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The Game Plan

When the markets are going up everyone feels good and when it goes down a lot of people panic. Why is this? Very often a client’s tolerance for risk doesn’t match their investments. If you’re having a hard time sleeping because you’re stressed about the market, that’s a good sign you need to take on less risk.  

On today’s episode, we’ll break down how risk plays into your retirement plan and what we need to do if it’s out of balance with your needs.

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[0:50]Do you take risk?

[2:32] – Does your tolerance match your portfolio?

[4:00] – What should you do?

[5:03] – Ask your self how you’re going to feel

[6:07] – Why do you think we are set up this way?

[7:12] – You might not be de-risking as much as you think

[8:32] – What options do we have?

[10:40] – What’s the first step?

 

“They don’t think about how much risk they’re taking because they’re young… I think they do a set it and forget it type thing.”

 

– Dale Tondryk

More To Explore

The Financial Calendar

Join us in this episode of The Retirement Playbook podcast as Dale dives into the essential financial matters you need to address throughout the calendar year. He provides valuable insights into maximizing retirement contributions, managing required minimum distributions (RMDs), and making strategic financial moves to optimize your retirement savings.

Financial Therapy

Financial discussions and retirement planning can come with many emotions. From counseling couples with differing financial views to providing support during challenging life events such as divorce or medical issues, financial professionals wear many hats, including the role of a therapist. In this episode, Dale discusses the impact of having a financial professional guide you through life’s most stressful moments.

Ep 88: The Retirement Lifestyle

We’re taking a quick break from the Xs and Os of retirement finances today. Instead, we’re going to talk about some other important pieces of forming your retirement lifestyle. Join us as we discuss staying busy, the significance of social connections after you’ve stopped working, and maintaining your physical and mental health throughout retirement.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com