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Understanding your risk tolerance is a crucial aspect of how effective your income and wealth preservation strategy can be. Without knowing your risk tolerance, you could be leaving a lot on the table or risking a major decline in your wealth. Here are three questions to ask to start understanding your risk tolerance:<\/p>\n
1)\u00a0\u00a0\u00a0\u00a0How Many Years Until You Plan to Start Withdrawing?<\/strong><\/p>\n 2)\u00a0\u00a0\u00a0\u00a0What\u2019s More Important, Portfolio Protection or High Returns?<\/strong><\/p>\n 3)\u00a0\u00a0\u00a0\u00a0What Are Your Annual Income Expectations Prior to Retirement?<\/strong><\/p>\n Answering these questions only scratches the surface of understanding your risk tolerance, but it\u2019s a great way to get the ball rolling whether you\u2019re looking to rebalance your portfolio or are constructing your retirement investment strategy.<\/p>\n","protected":false},"excerpt":{"rendered":" Understanding your risk tolerance is a crucial aspect of how effective your income and wealth preservation strategy can be. Without knowing your risk tolerance, you could be leaving a lot on the table or risking a major decline in your wealth. Here are three questions to ask to start understanding your risk tolerance: 1)\u00a0\u00a0\u00a0\u00a0How Many Years Until You Plan to Start Withdrawing? Is it less than a year? A few years? More than 15? The time frame for when you will need the money is key to understanding your risk tolerance. 2)\u00a0\u00a0\u00a0\u00a0What\u2019s More Important, Portfolio Protection or High Returns? Are you willing to take the consequences of a loss to maximize returns? Are you concerned about losses as well as maximizing returns? Or are you more concerned about avoiding losses […]<\/p>\n","protected":false},"author":48,"featured_media":43332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[3259],"tags":[],"class_list":["post-43331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement-planning-2"],"yoast_head":"\n\n
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