Welcome back to the Retire With Freedom podcast! Join us as we break down the different types of retirement risks in today’s episode and talk about how to address them effectively. From tax rate risk to longevity risk, we’ll discuss some commonly overlooked factors that could impact your financial future if not properly prepared for. Discover why simply being aware of these risks isn't enough – it's about taking action to protect your financial future. Tad and Toni share real-life examples of how a well-structured income plan can provide security, even in uncertain times. If you're seeking financial confidence in retirement, this episode is a must listen!Here’s some of what we discuss in this episode:Market Risk: The one everyone thinks about, but do you really know how much market risk you're exposed to? Discover how quantifying your market risk can make a world of difference in your retirement planning.Interest Rate Risk: Understand why rising interest rates can negatively impact bond prices and what you should consider if you hold bonds in your portfolio.Inflation Risk: Learn how inflation can erode your purchasing power over time, especially if you're relying on fixed-income sources like Social Security or pensions.Tax Rate Risk: The tax landscape can change, and not being prepared can affect your retirement income significantly.  Longevity Risk: Living longer can amplify all the other risks, making it crucial to have a well-thought-out retirement plan that accounts for the possibility of a longer life.Key Takeaway“Knowledge without action behind it is not power. It's just information."We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/Phone: 205.988.0006Schedule a Call: https://askfreedomfinancial.com/contact/?utm_source=HeroAttend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

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