When you hire a financial advisor, one of the first questions they are likely to ask you is "what is your risk tolerance?" As you get older, Wall Street tells you that you need to get more conservative. But what exactly does "conservative" mean? I'm guessing your advisor's definition of "risk tolerance" and "conservative" is probably different than yours. To learn why this is, take a listen to this show!

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What Exactly Is "Risk Tolerance"?