Understanding the Difference between Risk and Volatility in Retirement PlanningUnderstanding risk and volatility is important before diving into the world of investing and preparing for retirement.In this solo episode, I'll share with you the difference between risk and volatility using my experience watching my two kids alone for five days. This made me realize that parenthood is a balancing act between allowing children to grow and try new things while not exposing them to catastrophe, just as investment and retirement are.Risk and volatility are not the same and should not be interchangeably used, and by understanding the difference between the two, retirees can make informed decisions to ensure an optimal retirement.I’ll also share how you can determine your personal risks to be able to find stability when it comes to risk and reward.Highlights02:48 - Observing risk-taking behaviors in young children from a parent's perspective03:56 - Mitigating risk and volatility through parenting7:09 - Importance of finding the balance between risk and reward8:49 - What is volatility in investing?12:47 - Analyzing volatility and the VIX index13:56 - The difference between risk and volatility and how it can help your wealth and health14:56 - Exploring the types of risk in investing21:50 - Strategies for mitigating volatility in your financial planSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementImportant Social Security Info here: https://www.youtube.com/playlist?list=PL7A5bFh5NxnVRx5wzD4AOLz7KyigadFqvTwitter https://twitter.com/ThatchTaylorLinkedIn https://www.linkedin.com/in/thatcher-taylor-cfp/Facebook https://web.facebook.com/propathfinancial?_rdc=1&_rdr Instagram https://www.instagram.com/dadbodfinancial/✅Contact Thatcher at [email protected] with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

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