Summary In this conversation, Mark Struthers discusses the importance of understanding and managing various risks associated with retirement. He emphasizes a holistic approach to retirement planning that includes financial, health, and emotional aspects. Struthers highlights specific risks such as longevity, inflation, and investment risks, and provides insights on how to navigate these challenges effectively. He advocates for understanding the reasons behind taking risks and using knowledge as a tool to mitigate anxiety and enhance retirement outcomes. Takeaways -Retirement planning should encompass financial, social, physical, and emotional well-being. -Understanding risks is crucial for a successful retirement. -Health risks increase as we age, making planning essential. -Inflation can significantly impact retirement savings and spending power. -Longevity risk is a growing concern for retirees today. -Investment risks must be managed to ensure financial stability. -Knowledge and preparation can alleviate anxiety related to risks. -It’s important to understand the reasons for taking on investment risks. -A proactive approach to risk can lead to a healthier retirement. -Embracing risk with understanding can enhance retirement satisfaction. Sound Bites “Knowledge is power.” Chapters 00:00 Introduction to Holistic Retirement Planning 01:03 Understanding Risks in Retirement 03:49 Navigating Financial Risks 06:47 Embracing and Managing Risk for a Better Retirement Curious about working with Mark: https://www.videoask.com/fd9svtp2l www.SonaWealthAdvisors.com Disclosure: Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document. This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation. This content has not been reviewed by FINRA