Do You Know What to Do With Your Dollars?

Risk tolerance is simply how much risk you are okay taking. But risk capacity is how much can my situation actually allow? So if you're someone nearing retirement, erring into the phase where you need to live off of your dollars, even if you have a high tolerance for risk, you may not have that same capacity for risk. I like to near and dear to my heart taxes. I think that you can be very forward thinking with your tax strategy,. It's also the fees that you're paying to somebody and expenses, internal expenses, pay attention to all these components that will have a direct impact on success.