June 4, 2025 • 27 mins
#SafeMoney #JonHeischmanSr #RiskTolerance
Many may have heard the term "risk tolerance" but what about "risk capacity"? Both concepts relate to financial planning and in this episode host Jon Heischman, Senior delves into both and explains the differences.
Understanding both concepts is crucial for effective investment strategies and ensuring that your financial decisions align with your personal comfort and financial situation.
Call Jon at (888) 426-0177 with questions, comments or to get a free copy of Top 10 IRA Mistakes and How to Avoid Tax Traps. Visit www.heischmanfs.com/ for additional information.
Many may have heard the term "risk tolerance" but what about "risk capacity"? Both concepts relate to financial planning and in this episode host Jon Heischman, Senior delves into both and explains the differences.
Understanding both concepts is crucial for effective investment strategies and ensuring that your financial decisions align with your personal comfort and financial situation.
Call Jon at (888) 426-0177 with questions, comments or to get a free copy of Top 10 IRA Mistakes and How to Avoid Tax Traps. Visit www.heischmanfs.com/ for additional information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
People really don't know what their expenses will because they
don't know how long that they're going to live. The
Americans are worried they won't have enough safe for retirement.
Now more than ever, retirement's going to cost for many
folks over a million dollars.
Speaker 2 (00:14):
He is no short thing in investing, but a lot
of people think that annuities may come close to that.
It's going to more safe, safe, safe, safe things that
they know. If they know they're going to need that
money to supplement the retirement, well then you can't play
that rest. This is the Safe Money and Retirement Show.
But John Heischman Senior, Founder and partner of Heisman Financial
Services serving the Columbus and surrounding areas. John specializes in
(00:37):
educating pre retirees and retirees about safe money strategies and ideas.
Now it's the Safe Money and Retirement Show. Here's John Heischman, Senior.
Speaker 1 (00:47):
Good morning, this is John Heischman. I'm bringing you the
Safe Money and Retirement Show. I'm glad you took the
time to tune in to find out how I can
help you with your retirement planning. Quite often I am
(01:10):
asked the question how much risk should I be taking today,
I'm approaching retirement or in retirement, and based on my
current retirement assets that I've accumulated and looking into the
(01:32):
future as far as using that money for retirement income,
how much risk should I be taking? Should I be
taking risk?
Speaker 2 (01:45):
So?
Speaker 1 (01:45):
I thought, since this question is so popular today, it
would be a good topic for this week's show. The
question starts out as risk copacit. This is a concept
that is not universally ignored by the financial and retirement
(02:12):
planning community, but it's close. Most consumers, when they think
of defining investment risk, will naturally think of risk tolerance.
What is risk tolerance?
Speaker 2 (02:30):
Then?
Speaker 1 (02:31):
Risk tolerance is someone's personal attitude about investment risk, meaning
how comfortable is someone with dramatic losses in their investment
portfolio when the stock market goes negative. I'll give you
(02:54):
an example. Let's say a person doesn't like to lose
more than ten percent of their money at any given
time in the market. This person I would classify as
having a fairly low risk tolerance. On the other hand,
(03:17):
someone who doesn't mind losing thirty five percent or more
at any given time in the market, I have to
classify them with a fairly high risk tolerance, so we
have to find out when I talk about percentages where
(03:40):
you fall, and this really needs to be addressed going
into retirement and during retirement. Going back to risk capacity,
we define differently than risk tolerance. The definition of risk capacity.
(04:05):
This is the amount of risk you need to take
in order to reach your investment goals, either asset accumulation,
income and retirement or both. Risk capacity is supposed to
be more of a fax and circumstance determination that takes
(04:30):
the emotion out of the equation. I think this definition
sounds simple enough, but when applying this, the definition seems
to be a little bit different than what happens in
the real world. When I work with an individual, whether
(04:54):
it's a client or a potential new client, I always
address risk tolerance and risk capacity, even though they're different.
They go hand in hand. Do you have the capacity
to take risk and if so, how much? What's your
(05:19):
risk tolerance. One thing about our firm, which is Heischmann
Financial Services, which consists of a partnership between myself and
my son John, were able to put together a plan
(05:39):
and adjust that plan based on risk tolerance and risk capacity.
Were independent, not tied to any corporate entity with the
ability to place your money in multiple tie of plans
(06:01):
that fits your risk tolerance and your capacity to take risk.
And today, since so many people are questioning where their
money should be, how much risk should I take? And
(06:22):
do I have the capacity to take risk, we want
to offer a free, no obligation evaluation of where you're
at today, what are your goals and objectives, where will
you be in the future throughout your retirement. So we
(06:46):
welcome the opportunity to look at your plan and see
if it matches to your risk tolerance and an honest
assessment of your risk capacity. Can you and should you
be taking this risk during retirement. Here's the number to
(07:10):
call eight eight eight four to two six zero one
seven seven again triple eight four to two six zero
one seventy seven. Look forward to hearing from you and
sharing our ideas. Okay, let's dig into a simple example,
(07:37):
which I think is very real today. Let's assume you're
age sixty five years old and you need to create
fifty thousand dollars a year in income during retirement to
live and to live comfortably. Assume you have seven hundred
(08:01):
thousand of investible assets as your only source to create
that income stream, and you would like your money not
to run out until age ninety. Personally, i'd like to
(08:21):
see it go longer simply because of longevity today ninety
five or even age one hundred. But let's go ahead
with this example. What rate of return do you need
and this is going to be net after taxes expenses
(08:44):
to create that fifty thousand a year in income, so
you're not going to run out of money. Five point
eight two percent net, which is more like eight percent
gross return if you factor in any fees and taxes.
(09:08):
By the strict definition, the risk capacity would allow our
example client to invest in whatever is needed to generate
that five point a two percent net rate of return,
(09:30):
no matter how risky the investment is. Now, I want
you to keep in mind that this is mainly a
secular discussion about risk capacity, but in the real world
you would use both risk capacity and risk tolerance to
(09:53):
determine what investments are right for you. Once again, that's
what we do. So you might be thinking, well, what's
the problem the stock market chant and won't guarantee a
five point eighty two percent net return each year for
(10:20):
twenty five years. The chances are significant almost certain that
one or more significant downturns in the market is going
to occur during twenty five year retirement period. When these
(10:40):
downturns occur, it will have a major determining impact on
whether the example client will be able to withdraw fifty
thousand each year during retirement. Risk capacity is in the
(11:00):
real world. Let's look at a simple question you need
to keep in mind relating to this example I'm giving
you that will get to the heart of understanding risk
capacity in your retirement years. Would you rather be a
(11:20):
little short on money more frequently or would you rather
have huge income shortfalls on a less frequent basis? Would
you rather have ten individual years where you were five
(11:41):
thousand dollars short of that fifty thousand dollars spendable income
or would you rather have three years where you were
sixteen thousand, six hundred sixty six dollars short. If you
prefer more often but smaller shortfalls, than you have a
(12:06):
lower risk capacity for risk compared to someone who is
okay with fewer but more sizable shortfalls. The income amount
was the same fifty thousand, but one person's risk capacity
(12:28):
can be different than another's, And because of this, a
different investment mix to reach the fifty thousand dollars per
year goal would need to be used. I'm going to
take a short break at this point, but stay tuned.
(12:48):
I'm going to continue my discussion on risk capacity and
risk tolerance. I'll be right back. Have you heard about
the color of money, which is the model of investing
where your money is categorized into three different colors, yellow, green,
(13:11):
and red. Yellow money is liquidity, cash reserves, and an
emergency fund. Green money has no risk an average to
above average rate of return. It also generates additional retirement
income guaranteed for life. Red money is money at risk
(13:35):
with maximum potential growth. This is John Heischmann from the
Safe Money and Retirement Show, and I want to make
sure your retirement plan assets are positioned correctly in these colors.
Call me at eight eight eight four two six zero
(13:56):
one seven seven Again eight eight eight four two six
zero one seven seven.
Speaker 3 (14:11):
Welcome back to the Safe Money and Retirement Show with
John Heisman. To contact John, the number to call is
one eight eight eight or two six zero one seven seven.
That's one eight eight eight or two six zero one
seven seven. Once again, here's John Heisman.
Speaker 1 (14:29):
Welcome back to the Safe Money and Retirement Show. I'm
your host, John Heischman. I want to continue on my
topic of risk capacity and risk tolerance, but first I
want to make sure that you have my website Heischmann
(14:51):
FS dot com, h EI, s cch M A n
F dot com. If you want to replay today's show
or past shows, they are available on the website and
(15:13):
you can call me at the number I give you
throughout the show log. Just go ahead and give it
to you again a day to eight four two six
zero one seven seven, and we can talk about your situation,
my views on risk and how important it is in
(15:38):
income planning. Now let me give you a different view
of risk capacity. A different way to define risk capacity
is whether an investor is in a position to assume risk,
(15:58):
and if so, how much much very important? How much
meaning will negative returns adversely effect the investment goals and
objectives that you have. I want to go back to
(16:19):
my example where a retiree needs fifty thousand a year
of income. There is a little wiggle room for error
in the previous example. There is just enough money to
generate fifty thousand a year if things go right and
(16:43):
I say if with the capital I because the risk
capacity should be fairly low, and part of the discussion
with each client should be how well they would cope
should they have years with shortfall in income. Now, those
(17:09):
of you that listened to my show, oh, I think
it was a couple of weeks ago where I talked
about sequence of returns, risk, too much, risk, too soon
in retirement with multiple years of the down market. Please remember,
(17:34):
the most important thing in retirement income planning is your income.
I think first and foremost, we design an income plan
that's guaranteed it's going to last you a lifetime. Then
(17:57):
we take a look at the risk factors. All right,
I want to switch back to my example and assume
one change and that client has one million dollars in
investable assets instead of the seven hundred thousand that I
(18:19):
talked about before. How does this change the risk capacity question?
The need to generate a five point eighty two percent
annual net rate of return is no longer there. The
(18:40):
investments only need to return a net two point two
three percent rate to return in order to generate a
fifty thousand annual income or twenty five years before the
(19:04):
account runs out of money. Once again, this is just
an example. I'm a little bit uncomfortable with this example because,
as I mentioned, I'd like to see that money continue
longer ninety five or one hundred, because longevity is so
(19:26):
important today. But it's easy to change the numbers based
on living to age ninety five instead of ninety. So
in this example, that means there's a lot of room
with the investments either way. Or in other words, the
(19:49):
investments could be riskier because they don't work out as
well as earlier planned. For this in investor with seven
hundred thousand dollars, there will still be an ample assets
here to pay fifty thousand a year for that particular
(20:13):
income stream. Now, risk tolerance and risk capacity, in some
ways they go together, but they don't always align. Here's
what we have. We have. An investor might have a
high risk tolerance, doesn't mind big losses in the market,
(20:35):
but because of a limited amount of money available to
go into the market, this creates a low risk capacity.
So in this circumstance it would be wise to err
on the side of caution and use more conservative investments.
(20:59):
And this this is what each retiree has to find out,
preferably at the time we're setting up an income plant.
On the other hand, there might be an investor who
has a low risk tolerance meaning wants to avoid big
losses in the market, but a high risk capacity due
(21:25):
to an excess of assets needed to generate the needed
retirement income. So in this circumstance, I would agree that
it would make sense to invest a little more aggressively.
(21:47):
But once again, when we look at investing in retirement,
I think it's critical that we have the income plan place.
If you lose money in the market and you have
your income plan in place, the money you have in
(22:11):
the market has losses, it's not going to affect your income.
Compared to relyn on invested money in the market strictly
for your income. I've had radio listeners call me to
(22:32):
schedule an appointment their concern about they didn't have an
income plan that guaranteed their income. I like both, but
get your guaranteed income set up for retirement first, then
(22:52):
let's invest, and that investing will be based on your
capacity to allow money for risk, and then what is
your risk tolerance, and very simply that tells me where
(23:13):
your money should be invested. Call me about this concept.
I just think it is so important for every retiree
to address these issues eight eight eight four two six
zero one seven seven triple eight four to two six
(23:38):
zero one seventy seven. Also, what I see often unfortunately,
the vast majority of investors really do not have investments
that match their risk tolerance. That's what I'm saying, that's
(23:59):
what we need need to look at and their capacity
for risk. The programs available today that were able to
use really helps out, but on a more value added situation.
(24:19):
One way I like to determine accurately somebody's risk capacity
is by asking a series of questions. There is different
risk tolerance questions and they're all effective, but getting to
(24:42):
know each client helps me to determine what their goals
and objectives are. Along with a risk tolerance task gives
that extra relationship and the ability to work with each
client both now and in the future. I hope I've
(25:06):
given you some good information to think about where are
you today, where will you be years down the road
in retirement, As far as how is risk going to
affect your retirement income. I'd like to hear your views
(25:30):
and your concerns, answer your questions, whether it's setting up
a meeting or scheduling a phone conversation that's going to
help you address this very important situation. A daight eight
(25:50):
four two six zero one seven seven Again triple eight
four two six zero one seven seven at number is
available twenty four to seven and your message will be
passed on to me for follow up. I want to
(26:12):
thank you for listening to the Safe Money and Retirement Show.
I'm your host, John Heischmanny.
Speaker 2 (26:21):
The Safe Money and Retirement Joe, John Heisman Senior. To
get in touch with John, call one AA eight four
two six zero one seven seven. That's one triple eight
four two six zero one seven seven. For more information
about Heisman Financial Services, visit their website Heisman FS dot com.
(26:42):
That's h E I S C h M A n
F S dot com. Join us again next time for
the Safe Money and Retirement Show with John Heisman Senior
People really don't know what their expenses will because they
don't know how long that they're going to live. The
Americans are worried they won't have enough safe for retirement.
Now more than ever, retirement's going to cost for many
folks over a million dollars.
Speaker 2 (00:14):
He is no short thing in investing, but a lot
of people think that annuities may come close to that.
It's going to more safe, safe, safe, safe things that
they know. If they know they're going to need that
money to supplement the retirement, well then you can't play
that rest. This is the Safe Money and Retirement Show.
But John Heischman Senior, Founder and partner of Heisman Financial
Services serving the Columbus and surrounding areas. John specializes in
(00:37):
educating pre retirees and retirees about safe money strategies and ideas.
Now it's the Safe Money and Retirement Show. Here's John Heischman, Senior.
Speaker 1 (00:47):
Good morning, this is John Heischman. I'm bringing you the
Safe Money and Retirement Show. I'm glad you took the
time to tune in to find out how I can
help you with your retirement planning. Quite often I am
(01:10):
asked the question how much risk should I be taking today,
I'm approaching retirement or in retirement, and based on my
current retirement assets that I've accumulated and looking into the
(01:32):
future as far as using that money for retirement income,
how much risk should I be taking? Should I be
taking risk?
Speaker 2 (01:45):
So?
Speaker 1 (01:45):
I thought, since this question is so popular today, it
would be a good topic for this week's show. The
question starts out as risk copacit. This is a concept
that is not universally ignored by the financial and retirement
(02:12):
planning community, but it's close. Most consumers, when they think
of defining investment risk, will naturally think of risk tolerance.
What is risk tolerance?
Speaker 2 (02:30):
Then?
Speaker 1 (02:31):
Risk tolerance is someone's personal attitude about investment risk, meaning
how comfortable is someone with dramatic losses in their investment
portfolio when the stock market goes negative. I'll give you
(02:54):
an example. Let's say a person doesn't like to lose
more than ten percent of their money at any given
time in the market. This person I would classify as
having a fairly low risk tolerance. On the other hand,
(03:17):
someone who doesn't mind losing thirty five percent or more
at any given time in the market, I have to
classify them with a fairly high risk tolerance, so we
have to find out when I talk about percentages where
(03:40):
you fall, and this really needs to be addressed going
into retirement and during retirement. Going back to risk capacity,
we define differently than risk tolerance. The definition of risk capacity.
(04:05):
This is the amount of risk you need to take
in order to reach your investment goals, either asset accumulation,
income and retirement or both. Risk capacity is supposed to
be more of a fax and circumstance determination that takes
(04:30):
the emotion out of the equation. I think this definition
sounds simple enough, but when applying this, the definition seems
to be a little bit different than what happens in
the real world. When I work with an individual, whether
(04:54):
it's a client or a potential new client, I always
address risk tolerance and risk capacity, even though they're different.
They go hand in hand. Do you have the capacity
to take risk and if so, how much? What's your
(05:19):
risk tolerance. One thing about our firm, which is Heischmann
Financial Services, which consists of a partnership between myself and
my son John, were able to put together a plan
(05:39):
and adjust that plan based on risk tolerance and risk capacity.
Were independent, not tied to any corporate entity with the
ability to place your money in multiple tie of plans
(06:01):
that fits your risk tolerance and your capacity to take risk.
And today, since so many people are questioning where their
money should be, how much risk should I take? And
(06:22):
do I have the capacity to take risk, we want
to offer a free, no obligation evaluation of where you're
at today, what are your goals and objectives, where will
you be in the future throughout your retirement. So we
(06:46):
welcome the opportunity to look at your plan and see
if it matches to your risk tolerance and an honest
assessment of your risk capacity. Can you and should you
be taking this risk during retirement. Here's the number to
(07:10):
call eight eight eight four to two six zero one
seven seven again triple eight four to two six zero
one seventy seven. Look forward to hearing from you and
sharing our ideas. Okay, let's dig into a simple example,
(07:37):
which I think is very real today. Let's assume you're
age sixty five years old and you need to create
fifty thousand dollars a year in income during retirement to
live and to live comfortably. Assume you have seven hundred
(08:01):
thousand of investible assets as your only source to create
that income stream, and you would like your money not
to run out until age ninety. Personally, i'd like to
(08:21):
see it go longer simply because of longevity today ninety
five or even age one hundred. But let's go ahead
with this example. What rate of return do you need
and this is going to be net after taxes expenses
(08:44):
to create that fifty thousand a year in income, so
you're not going to run out of money. Five point
eight two percent net, which is more like eight percent
gross return if you factor in any fees and taxes.
(09:08):
By the strict definition, the risk capacity would allow our
example client to invest in whatever is needed to generate
that five point a two percent net rate of return,
(09:30):
no matter how risky the investment is. Now, I want
you to keep in mind that this is mainly a
secular discussion about risk capacity, but in the real world
you would use both risk capacity and risk tolerance to
(09:53):
determine what investments are right for you. Once again, that's
what we do. So you might be thinking, well, what's
the problem the stock market chant and won't guarantee a
five point eighty two percent net return each year for
(10:20):
twenty five years. The chances are significant almost certain that
one or more significant downturns in the market is going
to occur during twenty five year retirement period. When these
(10:40):
downturns occur, it will have a major determining impact on
whether the example client will be able to withdraw fifty
thousand each year during retirement. Risk capacity is in the
(11:00):
real world. Let's look at a simple question you need
to keep in mind relating to this example I'm giving
you that will get to the heart of understanding risk
capacity in your retirement years. Would you rather be a
(11:20):
little short on money more frequently or would you rather
have huge income shortfalls on a less frequent basis? Would
you rather have ten individual years where you were five
(11:41):
thousand dollars short of that fifty thousand dollars spendable income
or would you rather have three years where you were
sixteen thousand, six hundred sixty six dollars short. If you
prefer more often but smaller shortfalls, than you have a
(12:06):
lower risk capacity for risk compared to someone who is
okay with fewer but more sizable shortfalls. The income amount
was the same fifty thousand, but one person's risk capacity
(12:28):
can be different than another's, And because of this, a
different investment mix to reach the fifty thousand dollars per
year goal would need to be used. I'm going to
take a short break at this point, but stay tuned.
(12:48):
I'm going to continue my discussion on risk capacity and
risk tolerance. I'll be right back. Have you heard about
the color of money, which is the model of investing
where your money is categorized into three different colors, yellow, green,
(13:11):
and red. Yellow money is liquidity, cash reserves, and an
emergency fund. Green money has no risk an average to
above average rate of return. It also generates additional retirement
income guaranteed for life. Red money is money at risk
(13:35):
with maximum potential growth. This is John Heischmann from the
Safe Money and Retirement Show, and I want to make
sure your retirement plan assets are positioned correctly in these colors.
Call me at eight eight eight four two six zero
(13:56):
one seven seven Again eight eight eight four two six
zero one seven seven.
Speaker 3 (14:11):
Welcome back to the Safe Money and Retirement Show with
John Heisman. To contact John, the number to call is
one eight eight eight or two six zero one seven seven.
That's one eight eight eight or two six zero one
seven seven. Once again, here's John Heisman.
Speaker 1 (14:29):
Welcome back to the Safe Money and Retirement Show. I'm
your host, John Heischman. I want to continue on my
topic of risk capacity and risk tolerance, but first I
want to make sure that you have my website Heischmann
(14:51):
FS dot com, h EI, s cch M A n
F dot com. If you want to replay today's show
or past shows, they are available on the website and
(15:13):
you can call me at the number I give you
throughout the show log. Just go ahead and give it
to you again a day to eight four two six
zero one seven seven, and we can talk about your situation,
my views on risk and how important it is in
(15:38):
income planning. Now let me give you a different view
of risk capacity. A different way to define risk capacity
is whether an investor is in a position to assume risk,
(15:58):
and if so, how much much very important? How much
meaning will negative returns adversely effect the investment goals and
objectives that you have. I want to go back to
(16:19):
my example where a retiree needs fifty thousand a year
of income. There is a little wiggle room for error
in the previous example. There is just enough money to
generate fifty thousand a year if things go right and
(16:43):
I say if with the capital I because the risk
capacity should be fairly low, and part of the discussion
with each client should be how well they would cope
should they have years with shortfall in income. Now, those
(17:09):
of you that listened to my show, oh, I think
it was a couple of weeks ago where I talked
about sequence of returns, risk, too much, risk, too soon
in retirement with multiple years of the down market. Please remember,
(17:34):
the most important thing in retirement income planning is your income.
I think first and foremost, we design an income plan
that's guaranteed it's going to last you a lifetime. Then
(17:57):
we take a look at the risk factors. All right,
I want to switch back to my example and assume
one change and that client has one million dollars in
investable assets instead of the seven hundred thousand that I
(18:19):
talked about before. How does this change the risk capacity question?
The need to generate a five point eighty two percent
annual net rate of return is no longer there. The
(18:40):
investments only need to return a net two point two
three percent rate to return in order to generate a
fifty thousand annual income or twenty five years before the
(19:04):
account runs out of money. Once again, this is just
an example. I'm a little bit uncomfortable with this example because,
as I mentioned, I'd like to see that money continue
longer ninety five or one hundred, because longevity is so
(19:26):
important today. But it's easy to change the numbers based
on living to age ninety five instead of ninety. So
in this example, that means there's a lot of room
with the investments either way. Or in other words, the
(19:49):
investments could be riskier because they don't work out as
well as earlier planned. For this in investor with seven
hundred thousand dollars, there will still be an ample assets
here to pay fifty thousand a year for that particular
(20:13):
income stream. Now, risk tolerance and risk capacity, in some
ways they go together, but they don't always align. Here's
what we have. We have. An investor might have a
high risk tolerance, doesn't mind big losses in the market,
(20:35):
but because of a limited amount of money available to
go into the market, this creates a low risk capacity.
So in this circumstance it would be wise to err
on the side of caution and use more conservative investments.
(20:59):
And this this is what each retiree has to find out,
preferably at the time we're setting up an income plant.
On the other hand, there might be an investor who
has a low risk tolerance meaning wants to avoid big
losses in the market, but a high risk capacity due
(21:25):
to an excess of assets needed to generate the needed
retirement income. So in this circumstance, I would agree that
it would make sense to invest a little more aggressively.
(21:47):
But once again, when we look at investing in retirement,
I think it's critical that we have the income plan place.
If you lose money in the market and you have
your income plan in place, the money you have in
(22:11):
the market has losses, it's not going to affect your income.
Compared to relyn on invested money in the market strictly
for your income. I've had radio listeners call me to
(22:32):
schedule an appointment their concern about they didn't have an
income plan that guaranteed their income. I like both, but
get your guaranteed income set up for retirement first, then
(22:52):
let's invest, and that investing will be based on your
capacity to allow money for risk, and then what is
your risk tolerance, and very simply that tells me where
(23:13):
your money should be invested. Call me about this concept.
I just think it is so important for every retiree
to address these issues eight eight eight four two six
zero one seven seven triple eight four to two six
(23:38):
zero one seventy seven. Also, what I see often unfortunately,
the vast majority of investors really do not have investments
that match their risk tolerance. That's what I'm saying, that's
(23:59):
what we need need to look at and their capacity
for risk. The programs available today that were able to
use really helps out, but on a more value added situation.
(24:19):
One way I like to determine accurately somebody's risk capacity
is by asking a series of questions. There is different
risk tolerance questions and they're all effective, but getting to
(24:42):
know each client helps me to determine what their goals
and objectives are. Along with a risk tolerance task gives
that extra relationship and the ability to work with each
client both now and in the future. I hope I've
(25:06):
given you some good information to think about where are
you today, where will you be years down the road
in retirement, As far as how is risk going to
affect your retirement income. I'd like to hear your views
(25:30):
and your concerns, answer your questions, whether it's setting up
a meeting or scheduling a phone conversation that's going to
help you address this very important situation. A daight eight
(25:50):
four two six zero one seven seven Again triple eight
four two six zero one seven seven at number is
available twenty four to seven and your message will be
passed on to me for follow up. I want to
(26:12):
thank you for listening to the Safe Money and Retirement Show.
I'm your host, John Heischmanny.
Speaker 2 (26:21):
The Safe Money and Retirement Joe, John Heisman Senior. To
get in touch with John, call one AA eight four
two six zero one seven seven. That's one triple eight
four two six zero one seven seven. For more information
about Heisman Financial Services, visit their website Heisman FS dot com.
(26:42):
That's h E I S C h M A n
F S dot com. Join us again next time for
the Safe Money and Retirement Show with John Heisman Senior
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