Are You Taking On Too Much Risk?

This week on "On The Money," Jerry and Nick Royer explored the concept of risk in retirement—with a special focus on how emotional decisions and lack of planning can undermine even the most well-funded nest eggs. They discussed the four warning signs that may indicate you're taking on too much risk: constantly checking your investment accounts, losing sleep over market drops, making panic-driven or emotional investment decisions, and chasing returns based on tips or trends. The Royers emphasized the importance of understanding your personal risk tolerance and the need for a balanced, diversified approach.The show also covered critical obstacles that can disrupt retirement, including inflation, taxes, health care costs, and lack of structure. Jerry and Nick detailed their “bucket strategy” approach, which organizes savings into now, soon, and later buckets—each with a specific purpose to ensure dependable income, growth, and legacy planning. They stressed the significance of actionable planning, including smart tax withdrawals, Medicare understanding, and preparing for longevity.For more information about Nick & Jerry Royer and the Group 10 Financial Team, visit https://group10financial.com/