Understanding risk in your finances is hard enough, but to know if you're making the right move while taking a risk is difficult without the right advice.

In this episode of the Everlake podcast, hosts John McNicholas and Marc Westlake discuss the complexities of understanding and managing risk in financial planning. They cover various types of risks investors face, including the risk of losing capital permanently, longevity risk, and the risk of inflation. They also highlight the importance of differentiating between perceived risks such as market volatility and more significant risks like outliving one's resources.

Practical advice is given on assessing personal risk, considering timelines, and the potential benefits of a hybrid approach to retirement planning, such as combining investments with guaranteed income products.

Main Topics:

• Definition and Understanding of Risk in Financial Planning
• Historical Perspective on Risk
• Personalized Risk Assessment
• Retirement Planning and Risk
• Annuities and Risk Management Strategies

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This podcast is intended for information and educational purposes only and does not represent a specific recommendation or advice for an individual to follow. Speak to your financial adviser, in the context of your own personal circumstances, prior to making any financial or investment decisions.