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In this episode, we ask:

• What is a necessary risk?
• What is an unnecessary risk?
• Do you need a side hustle?
• How do we manage risk?
• Where do we need to go from here?
• What is FINRA?
• What are the 21 categories of risk from FINRA?
• What are the two types of risk?
• What is an example of pure risk?
• What is an example of speculative risk?
• What is purchasing power risk?
• What is the consumption assumption?
• Do you spend more on your days off?
• How much do you expect the cost of consumer goods to increase over the next 20 or 30 years?
• How much have health insurance premiums risen since 1999?
• Will health care costs eat up your retirement income?
• What about systemic risk or market risk?
• Does staying in the market longer protect you?
• Would you like to review Episode 51: Does Buy and Hold Work?
• Would you like to review Episode 52: A New Perspective with Les Himel (Part 1)?
• Would you like to review Episode 53: A New Perspective with Les Himel (Part 2)?
• Are you exposed to political risk or tax risk?
• What about the risk inherent with sequence of returns?
• What about the average rate of return?
• What about the IRA money being allocated to a nursing home?
• What about the risk of elder fraud in your senior years?
• What about the death of a spouse?
• What about the risk of dismissing long term care?
• How much does long term care typically cost?
• What are the unavoidable risks?
• Which of these risks is the most important?
• What about the risk of living too long?
• How do you protect against living too long?
• What is protected income?
• What if you could create a passive income stream, that even if you run out of money, you would never run out of money?