321: How The RISA® Profile Tool is a Gamechanger for Retirement Income Planning with Alex Murguia

Today, I’m speaking with Alex Murguia. Alex has worked to turn Dr. Wade Pfau’s framework for retirement income planning into a quantifiable retirement income model, and the Retirement Income Style Awareness (RISA) Profile is the result of his hard work.

Before creating the RISA® Profile, Alex graduated from George Washington University with a doctorate in Clinical Psychology and served as a research fellow for the National Institute of Health before pursuing a formal career in finance. He joined McLean Asset Management as a scientist-practitioner and launched a financial planning software company, but soon found himself disillusioned by the lack of tools individuals could use to chart a course to a successful retirement, leading him to where he is now.

In today’s episode, you’ll find out how the RISA® Profile can help answer some of your most pressing questions when it comes to retirement, why we’re biologically incapable of making sound financial decisions without a process in place, and why financial planning and retirement planning are not one and the same.

In this podcast interview, you’ll learn:

• The common questions from many retirees that inspired Alex, Dr. Wade Pfau, and Bob French to create the RISA® Profile.
• How to confidently do your own research when it comes to investing and retirement planning.
• How strategic planning helps protect you from biased and irrational decisions.
• When (and how) to assess your financial plan and asset allocation.
• Alex’s response to one of our Weekend Reading subscribers looking for guidance as a conservative investor.

Show Notes: RetireWithPurpose.com/321

Rate & Review the Podcast: RetireWithPurpose.com/review

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