Retirement : Risk Capacity & Risk Tolerance | Retirement Scenario

In this Video Ryan is going over a case that sees Tom and Jane, they are 60 and 62 with a million dollars and don’t know what their risk tolerance or risk capacity is. Risk tolerance is what we think we could lose. Risk capacity is what we can afford to lose in a down market and still be able to stay retired and not have to go back to work. Discovering risk capacity and risk tolerance takes a little bit of marriage counseling as often times one spouse is okay taking more risk than the other.

Once we determine risk capacity and risk tolerance, we need to analyze the current portfolio to make sure the current investments are in line with both risk tolerance and risk capacity and if any changes need to be.

Most Importantly will my current assets pensions and social security allow me to spend 96,000 year until age 90 and not run out of money?

What is the longterm probability of success of what we are currently doing based on our long term retirement needs. If it is too low does taking more risk in the portfolio make sense and increase the long term chances of success.


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Видео Retirement : Risk Capacity & Risk Tolerance | Retirement Scenario канала Redefine Retirement with Ryan Wheless