I’m Afraid to Buy Stocks in Retirement! What Should I Do?

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Lifeplanning, Retirementplanning, Financialplanning, Saving, Careerplanning, Self-improvement, Education, Retirementpodcast, Investing, Business, Investmentmanagement, Retirement

4.7 • 1.1K Ratings

🗓️ 22 May 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What is your risk tolerance? What does risk tolerance even mean? Why does it matter?

We’ll explore these questions as I answer one of our listener’s questions on getting back into the stock market with a low risk tolerance.

Listen in to learn why he may not need to follow the traditional way of doing things.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

[2:00] How much risk to take in retirement

IN THE NEWS

[19:10] The AT&T data breach
[23:03] What I’m going to do about it
[26:00] How are password managers safer options for keeping passwords?

LISTENER QUESTIONS

[30:53] How does moving a 529 to a Roth IRA work?
[33:32] How to know if Johnny should be looking for another financial planner

TODAY’S SMART SPRINT SEGMENT

[37:35] Rethink your password protection

Resources Mentioned In This Episode

1Password

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Roger’s Retirement Learning Center

Transcript

Click on a timestamp to play from that location

0:00.0	The show is a proud member of the Retirement Podcast Network.
0:03.4	Today's show is dedicated, well, to you having the confidence
0:09.2	to not just survive retirement, but really lean in and rock it.
0:15.0	Hey there, Roger Whitney here.
0:21.0	By day I am a practicing retirement planner with over 30 years experience
0:25.2	founder of agile retirement management and for the last 10 years or so on this
0:31.2	show we've hung out weekly to focus on not how just to be amazing
0:35.8	retirement planners but how to have a process in place so you don't have to make
0:41.1	this your second job and you can actually go create that great retirement
0:45.7	with confidence.
0:47.8	So today on the show we're gonna do a many case study based off of a question of how do I get back in stocks when I'm worried about the markets after retirement?
0:58.0	A question from James. In addition to that, we're going to answer some of your questions.
1:02.0	Plus, we're going to have it in the new segment related to AT&T's data breach.
1:08.2	I got one of those letters, so we're going to talk a little bit about identity protection. Now next month, because this is the last
1:14.8	week of the month, right? In June, we have our next retirement plan live case study with Mike and Judy.
1:21.8	Mike doesn't have Social Security and what they want to know if they can
1:24.7	afford the lifestyle that they would like in retirement that's going to be
1:28.3	really exciting I'm excited to I've had a lot of conversations with Mike and Judy
1:31.7	they're a fantastic couple I think this is going to be a good one.
1:34.0	If you want to receive weekly updates with recaps of the show, resources that we mention on the show, as well as some exclusive content in this case related to
1:44.2	Mike and Judy sign up for our six-shot Saturday email and you can do that at
1:48.4	Roger Whitney.com that way once a week you'll get an email with a recap of
	...

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