What are the three steps to better manage risk and get what you really want.
Topics covered in this episode include:
Why goods and services that lessen risk tend to cost more.What is the three-step process for assessing and managing risk.Why defining the risk-free option or asset is critical to managing risk.Why immediate annuities are the retirement risk-free option rather than a conservative investment portfolio.What are the two types of risk and how do we mitigate them.What is the difference between hedging and insuring against risk.Thanks to Dashlane and The Great Courses Plus for sponsoring the episode.
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