Johnson2468
Valued Contributor
A key step in developing a successful retirement plan is determining your level of risk tolerance. Your risk tolerance is a measure of how willing you are to accept risk in pursuit of potentially greater rewards. Understanding your risk tolerance is important when saving for retirement because it can affect the success of your investments and, eventually, the amount of money you have in retirement. Consider your age, financial status, and investment goals as a means to determine your risk tolerance. To further understand your risk tolerance and develop a retirement plan that fits your goals and comfort level, you can also take a risk tolerance test or consult with a financial professional.
