Managing retirement risk

In this episode of The Road Rules for Retirement Show, host Mark Fried offers valuable insights into retirement planning, focusing on the critical transition from accumulation to distribution. Mark explains the difference between accumulation-focused advisors, who help grow savings, and retirement specialists, who ensure those savings last through retirement. He shares a real-life example of managing IRA withdrawals to avoid tax pitfalls, illustrating the importance of strategic planning.

Mark also delves into how diversification reduces risk, why it’s essential as retirement approaches, and common misconceptions about diversification and risk management. He introduces the concept of tactical investment strategies and highlights the importance of tax diversification in lowering tax burdens during retirement. Lastly, Mark discusses how to assess whether you’re taking on too much risk as you near retirement and provides actionable advice on developing a personalized retirement plan with professional guidance.

This episode is packed with practical tips and strategies to help retirees secure their financial future.