Your retirement planning warning and what to do to avoid disaster.
Nicholas Naseem Taleb writes about interesting risks that exist but often aren’t considered. He often argues that things perceived to be risky are in fact safer than those that appear to be safe. Volatility is a favorite topic of his.
Taleb notes that small amounts of volatility are perceived to be safer than large amounts of volatility. On the surface this sounds appealing.
Taleb points out that systems that have withstood more extreme pressures are actually time tested examples of safe. Something that has none or little volatility has never really been tested.
The example of this for the 40 or 50-year-old corporate executive is the steady paycheck and annual bonus.
Don’t Be a Turkey http://www.myretirementrehab.me/retirement-planning-warning/