In Episode 5 of Conquering Retirement with AnnuityFYI Podcast, financial experts Tom and Brian Hamlin and Meg Odermatt discuss the critical importance of understanding risk tolerance in investment strategies. They emphasize the need for a well-balanced portfolio, especially as individuals approach retirement. The discussion covers various ways to help mitigate risks while still allowing for growth. They also highlight the Risk Tolerance Questionnaire available on the Annuity FYI website, a practical tool to help investors better understand their personal comfort with risk. The episode concludes with actionable advice for assessing financial health and making informed investment decisions.

Questions or comments, visit us here. And take our Risk Tolerance Questionnaire here!

Chapters

00:00 Introduction with the team

00:30 Introductions

00:41 Casual Conversations and Personal Updates

00:49 Industry Insights

01:50 Engaging with Audience Feedback

02:15 Understanding Risk Tolerance

04:19 The Importance of Knowing Your Risk Tolerance

06:40 Risk Tolerance and Investment Strategies

11:20 Adjusting Portfolios for Retirement

14:53 Emotional Aspects of Risk Tolerance

19:22 Mitigating Risk with Annuities

25:28 The Reality of Retirement Income

31:05 Taking the Risk Questionnaire

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