Are you prepared to handle those unforeseen circumstances when they arise in retirement? Dealing with unpredictability is something you need to be ready for so let’s talk about four areas that are difficult to forecast. We’ll also spend some time talking about the importance of managing unnecessary risk within your retirement plan.

 

Show Notes and Additional Resources: https://johnsonbrunetti.com/?p=4485 

 

On This Episode: 

1:17 – Here’s what’s coming up on this show.

1:54 – Let’s talk unpredictably in retirement.

2:17 – We don’t know how long we’re going to live. How do you plan for it?

4:07 – Changes in interest rates aren’t predictable so how do we handle that?

6:40 – What about future tax rates? We can expect them to go up but when and how much?

7:15 – The most unpredictable is the stock market.

8:38 – Let’s turn the conversation to risks people take with their money. Why do so many people take unnecessary risks?

9:08 – People managing their own money often don’t know any better.  

10:04 – People working with an advisor take risks for two reasons.

12:02 – How do we reduce risk without reducing our opportunities to grow our money?

14:40 – So how can we know we’re taking the appropriate amount of risk?

16:04 – Listener Question: I’m retiring in a year and I’m having trouble sleeping every time the market is having a bad day. How do people live like this every day in retirement?