The Retirement Risk Show

Dave says in this week's episode: "And for some [elders and retirees], it's a time of great loneliness. You've gotten to a point where maybe your whole working career, you were in an office or an environment where you were around people all the time, and now you're home, and all of a sudden those people aren't there every day." Join Dave as he breaks down an eye-opening article from the AARP bulletin for April 2024—Fraud 2024. Scammers are more cunning than ever; leveraging advanced technology and artificial intelligence, they are targeting our seniors in new and sophisticated ways. He explores the six main scams that are currently circulating, from "check cooking" to "voice printing," and give you strategies to combat these fraudulent schemes.Protecting your hard-earned savings is paramount, and information is your best defense. Tune in to learn how to recognize these scams, avoid the manipulative traps set by scammers, and stay connected with the right people. Your retirement should be a time of enjoyment and freedom, not stress and uncertainty.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

This episode of the Retirement Risk Show dives into the looming concern of long-term care and rising medical costs. Dave Hall, alongside Brian Britt, addresses a significant retirement challenge—managing the costs of long-term care. Amidst a declining long-term care insurance market, they discuss innovative insurance solutions and the advantageous chronic illness riders now available. Their conversation provides clarity on navigating financial risks that could cost you your retirement. Episode Insights: Long Term Care Concerns - People have misconceptions about long term care, thinking they can't afford it or won't qualify. The show highlights the need for accurate information and planning alternatives beyond traditional long-term care insurance, which is becoming increasingly difficult to obtain.Insurance Industry Evolution - The traditional market for long term care insurance has shrunk significantly, leading to the creation of hybrid policies that combine life insurance with a chronic illness rider. These policies offer benefits that can be used tax-free for long term care without the risk of losing all the premiums paid if the benefit isn't used, a common pitfall of traditional long term care insurance.Financial Planning and Choice - Financial planning is essential for avoiding becoming a burden on family members and having control over retirement destiny. The podcast stresses the importance of integrating long term care into a comprehensive financial plan. It emphasizes having options to protect against risks, such as market downturns and unforeseen long-term care needs, to ensure retirees have a secure and dignified retirement. Key Takeaways:Hybrid Insurance Solutions**: Traditional long-term care insurance is seeing a decline in providers. Fortunately, hybrid policies combining life insurance with chronic illness riders are now available, offering a versatile approach and relief from the "use or lose it" nature of traditional long-term care insurance.Flexibility in Funding: These policies give you the freedom to use your death benefit for qualified long-term care expenses without the restrictions typically associated with standard long-term care insurance, enhancing your control and choice over your retirement funds.Avoiding Dependency: Planning for long-term care is not just about preserving wealth but also about maintaining independence and dignity in retirement, avoiding the emotional and financial strain on families. Visit www.retirementriskadvisors.com to learn more! Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In this episode, Dave brings to light the daunting reality of retirement — a period that could span decades, and highlights the essential resources available on retirementriskadvisors.com, designed to help you navigate retirement risks. As the episode unfolds, Dave and Alisha explore one of the top financial risks retirees face: Social Security. They discuss why the system seems shrouded in complexity, making it challenging for the average person to make well-informed decisions about their benefits.Alisha, a junior advisor and expert in the field, shares insights on work credits — the essential currency for qualifying for Social Security. She clarifies common misconceptions about the number of credits needed and the flexibility with which you can earn them over your working years. The discussion also touches upon the sensitive topic of spousal and ex-spousal benefits, a feature rooted in traditional family values but subject to potential changes as the government faces future program refinancing.Moreover, Dave uses his personal situation as a case study to illustrate the impact of continuing to work after claiming early benefits and how the earnings test may affect your Social Security payments. Yet, fear not — Alisha reassures that benefits reduced by the earnings test are not lost but merely deferred to a later time.Key Themes: 1. Retirement risk strategies2. Social Security misunderstanding3. Importance of Social Security education4. Work credits for Social Security5. Non-consecutive credits accumulation6. Credits and income thresholds7. Survivor and disability considerationsEpisode Takeaways: 1. Social Security is a complex topic with limited straightforward educational resources, leading to confusion about how to effectively navigate benefits. The podcast emphasizes the importance of seeking informed advice due to the lack of comprehensive guidance from government sources. 2. The episode highlights the work credit system of Social Security, detailing that 40 credits are needed to qualify for benefits, equivalent to ten years of non-consecutive work. It also explains the implications for individuals who may not work throughout the year but still earn enough to receive the maximum four credits per year. 3. There is a discussion on potential strategies to maximize Social Security benefits, including the implications of the earnings test for those who claim benefits before reaching their full retirement age and continue to earn an income. The 'do-over' policy, which permits the reversal of a claim decision within a year, is also explored as a means to rectify a suboptimal benefit claiming strategy.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In this episode, we take a deep dive into the timeless investing wisdom of Warren Buffett, as presented by retirement risk expert, Dave Hall. Through an in-depth exploration of Buffett's top ten investing tips, we unravel the profound insights on risk management, investment temperament, and the value of sound decision-making. Join us as we dissect these crucial principles and examine their potential impact on your retirement planning and financial security. Key Themes: 1. Retirement Planning: Strategies for financial security2. Investment Tips: Advice from Warren Buffett3. Market Timing: Knowing when to invest4. Emotional Temptations: Balancing fear and greed5. Passive vs. Active Investing: Making informed choices6. Decision Making: Limited punches for investment decisions7. Risk Management: Navigating risks in retirementEpisode Takeaways: 1. Warren Buffett's Investing Tips: The episode delves into Warren Buffett's top ten investing tips, offering valuable insights for becoming a better investor.2. Retirement Risk Management: The episode emphasizes the importance of navigating retirement risks and provides strategies to reduce and eliminate risks, empowering listeners to make informed decisions about their retirement investments.3. Advisor Guidance: It highlights the significance of seeking guidance from advisors for retirement planning, stressing the need to understand investment choices and work with professionals to navigate the complexities of retirement planning.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In this episode, Dave Hall continues the conversation with Brian Britt about the various risks and challenges people face in retirement, particularly focusing on longevity and the crucial role of annuities in providing a secure and lasting income. Brian explains the evolution of annuities, highlighting their transformation from high-fee products to reliable, no-load financial planning tools. The discussion covers the different types of annuities, their benefits, and the strategies for leveraging them, including the opportunities for partial Roth conversions.Noteworthy Themes: Longevity risk in retirementEvolution and benefits of annuitiesFlexibility in annuity productsAnnuities as a hedge against market volatilityTax-efficient retirement income strategiesAnnuitization options for lifetime incomeStrategic Roth conversions with annuitiesKey Takeaways: Annuities have evolved into valuable financial planning tools, offering benefits such as no load, no-fee options and the flexibility to withdraw 10% annually without penalties.They serve as a hedge against longevity risk and sequence of return risk in retirement, providing a guaranteed stream of income without the risk of losing money.New annuity options, including living benefits and partial Roth conversions, provide more flexibility and control.Annuities should be strategically positioned within different tax buckets to maximize tax benefits, with income from annuities ideally placed in the tax-free bucket to reduce tax liability and potential impact on Social Security taxes.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In this episode, Dave Hall and Brian Britt delve into the critical topic of longevity risk in retirement. They dissect the financial implications of extended life expectancy and the inadequacies of relying solely on Social Security for retirement income. The conversation underscores the importance of seeking professional financial guidance and building a reliable support system for a success, lasting retirement.  Key Themes:1. Longevity risk: Addressing longer-than-expected lifespans2. Family longevity: Understanding genetic predisposition for lifespan 3. Retirement income: Ensuring a reliable source of income 4. Social Security: Its role as a supplemental retirement benefit Episode Takeaways: Plan for the Long Haul: It's crucial to carefully consider living beyond life expectancy when devising retirement plans, taking into account family history as a significant factor in longevity. Social Security as Supplement: Social Security should be regarded as a supplementary income source rather than the primary source of funds for retirement, with additional savings and investments being necessary for financial stability.Get help from a Retirement Risk Advisor: Having experts that specialize in retirement risk to guide you is important to ensure that your retirement funds last as long as you do. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

Dave Hall delves into the critical topic of tax rate risk in retirement. With over 30 years of tax expertise, he breaks down the various taxes retirees may face, from federal and state taxes to capital gains, net investment tax, and more. Dave emphasizes the importance of strategic tax planning, including Roth conversions, Social Security taxation, and the impact of charitable contributions on retirement income. His insights provide listeners with essential knowledge to navigate the complex landscape of taxes during retirement, ultimately helping them achieve financial security and peace of mind in their golden years.Episode Themes: 1. Retirement Risk - Understanding the financial risks 2. Tax Rate Risk - Impact of future tax rates 3. Social Security Taxation - Potential tax implications 4. Rethinking Retirement Income - Optimizing cash flow 5. Medicare Premium Adjustments - Considerations for healthcare expenses 6. Charitable Contributions - Maximizing tax benefits 7. Standard Deductions - Leveraging deductions for tax efficiencyKey Takeaways: 1. Tax rate risk is a significant concern for retirement planning. Understanding the various taxes and potential future tax rate increases is essential.2. Considerations such as capital gains tax, Social Security taxation, Medicare Irma adjustments, and others can significantly impact cash flow in retirement.3. Proper tax planning can help maximize income, grow your legacy, and increase peace of mind in retirement. Utilizing tax-efficient strategies is crucial for minimizing tax liabilities and optimizing financial resources.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

Dave Hall dives into the evolving landscape of middle-class life and the potential challenges on the horizon. Referencing an article by Cindy Lamoth in Yahoo Finance, Dave examines 7 things that the middle class has historically enjoyed but may soon find unaffordable. From extended family trips to new cars, private school tuition, and health care costs, the episode sheds light on the financial strains that many families may face and how it can impact your retirement planning.Dave emphasizes the importance of risk-based retirement planning and offers insight into how to navigate these potential challenges. Tune in for a thoughtful exploration of financial preparation and lifestyle considerations in the ever-changing world of retirement planning.Key Takeaway 1: Middle-class Americans are facing increasing financial challenges, including the affordability of extended family trips, new cars, private school tuition, home ownership, healthcare costs, leisure and travel in retirement, and safe investments for retirees.Key Takeaway 2: The rising costs in various areas such as housing, education, and healthcare are creating financial strain for middle-class families, making it difficult for them to continue enjoying the same lifestyle they have had in the past.Key Takeaway 3: Proper financial planning and risk-based retirement planning are essential to addressing these challenges and ensuring that individuals can maintain their desired lifestyle in retirement. Seeking professional help to put together a comprehensive financial plan is recommended to navigate through the potential financial storms and keep their dreams within Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

Dave states, "This program that we call Medicare is far too important to the overall economic health of our country and to making sure retirees are able to maintain steady lifestyles in retirement, that we do expect adjustments to be made."So, what does that mean for your retirement and your Medicare enrollment and benefits? In this episode Dave Hall shares valuable insights into the challenges facing the Medicare program's financial stability and explores potential solutions to address these issues. He breaks down some interesting proposals aimed at generating revenue and reducing costs to stabilize the program. It's a crucial topic with potential implications for all of us.Key Themes: 1. Medicare Financial Stability - Funding challenges, trust fund depletion2. Revenue Generating Proposals - Payroll taxes, investment income tax3. Cost Reducing Measures - Medicare Advantage, site of care payments4. Healthcare Price Regulation - Hospital charges, prescription drug competition5. Tax Increase Expectations - Medicare and social security rates6. Program Impact on Retirees - Importance, economic health7. Importance of Cost Cutting - Effective management, future tax burdenMain Takeaways: 1. Medicare's Financial Challenges: The episode highlights the pressing financial issues facing Medicare, emphasizing the need to address its trust fund's projected depletion by 2028-2030.2. Proposed Revenue Generation and Cost Reduction: It outlines strategies for revenue generation, including proposed tax increases and initiatives for reducing healthcare costs. These proposals signal potential future changes that could impact taxpayers and healthcare providers.3. Future Tax Impact: The episode underscores the likelihood of tax increases to address Medicare's financial challenges and the broader issue of rising healthcare costs, prompting the need for individuals to stay informed about potential implications for their financial planning and retirement.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

Dave Hall and Brian Britt are back! In this episode, they tackle the ins and outs of the last of the Top Ten Financial Retirement Risks. They cover a wide range of topics, from long-term care challenges and the impact of inflation to the complexities of Medicare and the growing concern of elder abuse. Additionally, they emphasize the significance of income diversity, offering down-to-earth insights to help you safeguard your financial stability during retirement.Key Takeaways: 1. Long-Term Care Risks: With longer life expectancies, the likelihood of needing long-term care increases, and the financial impact can be significant. It's important to consider how to address and potentially finance long-term care needs in retirement.2. Inflation Risk: Inflation can impact retirement finances, and it's essential to consider this when planning for retirement income. Diversifying income sources and exploring instruments that offer lifetime guaranteed income rising with inflation can help mitigate the impact of inflation on retirement income.3. Lack of Income Diversity Risk: Relying solely on one source of income or having multiple income sources tied to correlated investments can pose significant risks. Creating a diversified income strategy with sources that are not correlated can help provide stability and flexibility in retirement.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In our latest installment of the Retirement Risk Show, Dave Hall brings back Brian Britt to delve into the critical topic of retirement planning. They tackle the pivotal shift from the old paradigm of retirement planning to the new, examining the top 10 financial risks individuals encounter during their retirement years. From longevity risk to Social Security risk, tax rate risk, sequence of return risk, and withdrawal rate risk, the conversation offers a serious exploration of the challenges retirees face.Key Takeaways: 1. New Paradigm of Retirement Planning: Understanding the shift from the old paradigm of retirement planning, which relied heavily on pensions and Social Security, to the new paradigm, which emphasizes the need for comprehensive planning due to longer life expectancies and changes in the financial landscape.2. Financial Risks in Retirement: Exploring the top 10 financial risks in retirement, including longevity risk, Social Security risk, tax rate risk, sequence of return risk, and withdrawal rate risk. It’s crucial for retirees to understand and address these risks to ensure a secure retirement.3. Diversification and Planning: Highlighting the importance of diversifying between "casino money" (risk assets) and "vault money" (no-risk assets) to mitigate sequence of return risk and emphasizing the need for comprehensive planning that integrates various financial aspects to secure a robust retirement strategy.4. Importance of Taking Action and Planning: Encouraging listeners to take proactive steps towards retirement planning, such as mapping out the theoretical workshop of their life, leveraging guaranteed payments for longevity risk, and seeking personalized advice to navigate the complexities of retirement risks and make informed financial decisions.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In today's episode, host Dave Hall invites back Dr. Peter Lichtenberg, a renowned expert in the field of elder financial abuse, to shed light on this critical issue. Dr. Lichtenberg, a clinical gyropsychologist, discusses the misappropriation of older adults' funds through theft or scams, shedding light on the alarming increase in financial exploitation across all age groups.The conversation delves into the differential impacts of exploitation by a trusted person versus a stranger, highlighting the need for effective prevention programs and the encouraging results of the SAFE program. Dr. Lichtenberg emphasizes the importance of autonomy and understanding in dealing with cognitive dissonance, offering practical advice for caregivers and individuals to navigate these challenging situations.Throughout the episode, the discussion also covers the role of AI in perpetuating financial scams, along with valuable insights into reducing stress caused by financial exploitation. If you're looking for resources and tools to address elder financial abuse, Dr. Lichtenberg's website, www.olderadultnestegg.com, offers free information, resources, and training. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In this episode, the show's host Dave Hall and Social Security expert Alisha Wright explore the intricate risks associated with Social Security. They delve into the complexities of claiming benefits, the potential impact of taxation, and the need to view Social Security as just one piece of the retirement income puzzle. With a focus on providing expert insights, they underscore the upcoming Social Security class and emphasize the importance of seeking professional guidance for making informed decisions. The discussion also includes in-depth responses to audience questions, delving into various scenarios related to Social Security benefits. Key Takeaways: 1. Social Security claiming age is crucial; claiming too early can result in reduced benefits, while delaying too long may not yield any additional rewards after age 70.2. Social Security is designed to cover only a portion of retirement income needs, approximately 40%, making it essential to have other income sources for a comfortable retirement.3. A Social Security Analysis by experts helps in understanding the best claiming strategy, considering factors such as working status, marital situation, and individual financial goals.4. Individuals may be eligible to claim benefits off an ex-spouse's work record under specific conditions, even without the ex-spouse's involvement or consent.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

Today, Dave Hall is taking a deep dive into the idea of taking control of your retirement. He's dishing out some valuable insights into the benefits of being in charge, like having more say in your decisions, feeling a deeper sense of satisfaction, and getting the chance to learn from the best in the field. We'll also explore the importance of staying connected and how being the boss can help you secure your legacy. So, kick back, relax, and let's dig into how being at the helm of your retirement can lead to a more fulfilling and successful post-career life!Key Takeaways: 1. Take control of your retirement: Becoming the boss of your retirement can give you greater control over your financial decisions, leading to a higher chance of success in your retirement years.2. Plan for your legacy: By being the boss of your retirement, you have the opportunity to put systems in place that allow for a seamless transition of financial responsibility, ensuring a better future for yourself and the next generation.3. Stay connected and continually learn: Taking charge of your retirement allows you to work with experts who can educate you about various retirement topics, keeping you connected with the latest updates and resources to make informed decisions about your finances.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

Dave Hall and Christine Lee are here to dive deep into the world of retirement planning. They'll be unpacking the fascinating origins of Retirement Risk Advisors (RRA) and shedding light on the importance of tailoring risk-based retirement plans to suit each individual's unique needs and goals. You'll get to hear firsthand stories from Dave about how RRA came to be, along with insights into the dedicated team that makes it all happen.But that's not all – they'll also be sharing their thoughts on the significance of having a retirement protection plan in place. Key Takeaways: 1. Tailoring a risk-based retirement plan is crucial for a secure retirement. RRA focuses on customizing financial plans to meet individual needs, rather than a one-size-fits-all approach.2. RRA offers comprehensive retirement planning services, including personalized risk assessment, tax optimization, and strategic planning to address various retirement risks. The emphasis is on empowering individuals to make informed decisions and implement customized solutions for long-term financial success.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In this episode, Dave Hall and Brian Britt are tackling the crucial topic of longevity and its impact on retirement. They'll be discussing the evolving landscape of longevity risk, touching on the challenges of long-term care, and delving into the innovative solutions available to address these concerns. Whether you're gearing up for retirement or already enjoying your retirement years, this conversation is packed with valuable insights and strategies to help you make informed decisions about your financial future. Key Takeaways: 1. Longevity risk is a significant factor in retirement planning, as people are living longer, impacting financial resources and potential long-term care needs.2. The trend of using permanent life insurance policies with long-term care options provides a closed-end solution to address the financial challenges of long-term care in retirement.3. Planning for long-term care should include solutions that prioritize in-home care, taking into account the potential significant costs and the practicality and comfort of staying in one's own home.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

Social Security is always a HOT topic when it comes to retirement planning. And that is extremely understandable when over 90% of Americans rely on it for a portion of their retirement. So, in this episode, Dave is joined by Alisha Wright, a Social Security expert and junior adviser for Retirement Risk Advisers. They dive deep into the complex world of Social Security and tackle questions from real listeners. From the impact of Medicare premiums on Social Security benefits to the calculation of full retirement age and the thresholds for Social Security tax, Alisha shares invaluable insights to help listeners navigate their retirement journey. Whether you're curious about how pensions affect benefits, work credits requirements, or spousal benefits, this episode has the answers you need. Key Takeaways:Social Security is a complex and individualized decision - The best age to start Social Security benefits, the impact of working while receiving benefits, and the influence of personal circumstances all contribute to when it's best to start receiving Social Security.Survivor Benefits - People who are widowed or divorced may be eligible to receive survivor benefits, and it's essential to understand how these benefits work and how they may impact personal retirement benefits.Impact of external factors on Social Security - External factors like pensions, Medicare premiums, and work credits directly impact Social Security benefits, and understanding how they interplay with benefits is crucial for effective retirement planning.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In this episode, host Dave Hall is joined by Christine Lee, the marketing manager of Retirement Risk Advisers. Together, they address a variety of questions on retirement risks, such as longevity, long-term care, and income diversity. They discuss topics like the role of annuities in addressing long-term care, the benefits of permanent life insurance, the diversification of retirement income, the potential of Roth annuities, and much more. Tune in to gain valuable insights into securing a financially stable and fulfilling retirement.Key Takeaways: 1. Diversifying Income Streams: The episode emphasizes the importance of having multiple income sources in retirement, including Social Security, tax-deferred accounts, Roth accounts, annuities, and life insurance policies.2. Understanding Annuities: The episode provides insights into annuities, highlighting their role in generating guaranteed income, addressing long-term care costs, and the need to align annuity choices with individual retirement goals.3. Retirement Planning Strategies: The episode discusses various retirement planning strategies, including the use of Roth annuities, permanent life insurance, converting Roth IRAs into annuities, and the impact of medical history on life insurance policies, providing listeners with practical insights for effective retirement planning.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

Welcome to the RRSep102 episode of the Retirement Risk Show. In this episode, host Dave Hall discusses the various dimensions of risk planning in retirement and how it differs from the traditional approach taken by many financial advisors. He introduces the three-dimensional approach to retirement planning and the importance of matching an individual's attitude, capacity, and tolerance to risk with appropriate financial solutions. The episode delves into the RISA Metrics, which analyzes four key quadrants to assess an individual's retirement income style awareness. Additionally, Dave explores the implementation preferences that impact how individuals interact with their financial advisors. The episode offers valuable insights into creating a customized retirement plan tailored to an individual's unique needs and preferences. If you're seeking a more personalized and efficient approach to retirement planning, this episode is a must-listen.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!

In this episode of RRS, host Dave Hall and guest Brian Britt dive into the topic of tax rate risks in retirement, with a focus on Roth conversions and accounts. They discuss the history and purpose of Roth accounts, the potential impact of tax rate changes, and the considerations for deciding whether to do a Roth conversion. They emphasize the importance of planning for potential tax increases in the future and navigating the theoretical nature of financial planning. Join them as they provide insights and strategies to help listeners prepare for the uncertainties of retirement and maximize their financial preparedness.Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk AdvisorsLike the show on Facebook: The Retirement Risk ShowFollow here for updates on Dave's book and so much more!