Original publish date March 19, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed. In episode 12 of the YMYW podcast, Joe and Al talk retirement risk. While risk can come in all shapes and forms, it's important to avoid making these risks when planning to maintain your lifestyle in retirement. Al closes off the discussion by discussing a fun personality quiz by Mashable you can take to figure out what your retirement passion project will consist of.

00:00 - Intro

01:01 "When you're in your 20's and 30's, you've got a long run in front of you and can afford to take on risk, but if you're retired or close to retiring, risk is enemy number one. Taking on too much risk at that stage of the game can be devastating because you may not be able to recover"

06:56 "You better make sure that you have a plan to make your money last into your 90's"

13:21 "If you're saving 4% this year, save 5% next year, 6% the year after and get yourself to the point where you're saving between 10% and 15%, and if you're older and getting closer to retirement and you're behind, there's no time to waste—you have to save as much as possible right now"

13:42 "Forbes had thirteen financial risks you can avoid; here are some examples"

18:04 "Unfortunately, taxes are likely going up in the future"

22:36 "One of the biggest misconceptions in retirement planning today is that you will be in a lower tax bracket in retirement"

29:10 "One in three Americans have zero dollars saved for retirement" (Source: Bankrate.com)