Your Guide:

Your income personality can reveal a lot about how you handle money and retirement. Today’s show is about two types of personalities – probability vs. safety first. Let’s see which describes you best.

There are two fundamentally different philosophies for retirement income planning. Probability-based personalities prefer the risk vs. reward tradeoffs of a market-based portfolio, while safety-first personalities prefer the contractual guarantee of insurance products.

So, which is better? What matters is how you feel about planning for your retirement. The more you worry about leaving something on the table by being cautious, the more you’ll lean toward the probability side. The more you worry about running out of money, the more you’ll lean toward the insurance side.

But you don’t have to go one way or the other completely. You can incorporate both schools of thought to make a balanced portfolio that works for you. We can help you review your goals and create a plan to that works best for your family.

Find out how we use optimization planning to create portfolios that work for our clients. Listen to the entire show and use the timestamps below to find specific segments.

[2:36] – Two schools of thought

[5:19] – Your preference

[7:12] – Risk

[8:53] – Optimization planning

Thanks for checking out the Your Retirement Elevated Podcast. We’ll talk to you again on the next show.