Retirement Starts Today Radio
Risk Tolerance Questionnaires Don’t Work, Ep #218
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:19:31
- Mas informaciones
Informações:
Sinopsis
Have you ever filled out a questionnaire at your financial advisor’s office? If you have, it was probably a risk tolerance questionnaire. I have my own opinions about them, but you’ll have to wait until the end of this episode to hear what it is. On this episode of Retirement Starts Today, we’ll explore an article from AdvisorPerspectives.com written by Dr. Wade Pfau and Alex Murguia which argues that risk tolerance questionnaires (RTQs) don’t work. You’ll hear new retirement slang and acronyms as well as a discussion of retirement income sourcing. Dr. Pfau has also developed his own tool to use that can help you select the best deaccumulation approach. Don’t forget to stick around until the end to hear my thoughts. Outline of This Episode [2:22] How risk tolerance questionnaires are used [5:45] The different approaches [10:35] Two different styles [12:58] My personal criticisms of risk tolerance questionnaires What are risk tolerance questionnaires used for? RTQs are a tool that help financial advisors