Risk Parity Radio

They debate how metrics can hijack meaning and why metric mindfulness matters. They discuss treating numbers as disposable tools and resisting score-chasing in planning. Practical tax-location and Roth vs tax-deferred placement ideas get covered. Portfolio tweaks, asset-swap rebalancing tricks, and liquidity strategies are explained. Weekly reviews highlight small-cap value, gold, commodities, and managed futures as recent standouts.

In this engaging discussion, Dr. Bill Yount, a physician and host of the Catching Up to FI podcast, shares his unexpected journey to financial independence as a late starter. He highlights designing a risk parity retirement portfolio with a fee-for-service advisor, emphasizing emotional challenges like the 'fog of FI.' Bill elaborates on shifting from global cap-weighting to a steadier risk parity approach, prioritizing relationships and experiences over money, and stresses the importance of treating retirement like short chapters for better structure.

The conversation dives into using tail-hedged ETFs for retirement, highlighting why they may underperform long-term bonds. Strategies for practical diversification and the value tilt as a remedy for growth risk are explored. The importance of understanding Treasury correlations and the four-quadrant framework for asset performance is emphasized. Suggestions for learning from experienced professionals like Bob Elliott are shared, along with practical rules for portfolio design. Weekly portfolio reviews round out the discussion with insights on market trends.

Discover the journey toward financial independence with a unique 60% allocation strategy. Learn about navigating the transition from stocks to a Golden Ratio mix, and how utilizing Fidelity's BrokerageLink can enhance your investment choices. Dive into donor-advised funds and the pitfalls of traditional advisor practices driven by fear. Hear real stories of financial horror, and why modern tools like Testfolio can revolutionize your tracking. Get insights on small-cap value opportunities and the importance of matching investments to your personal timeline.

This discussion tackles how to choose equity tilts with limited 401(k) options and the importance of prioritizing simplicity in investment strategies. The hosts detail effective distribution methods for retirees, including the benefits of using a cash sleeve. They dive into the complexities of the financial advisor landscape, critiquing AUM fees as misaligned incentives. Emphasis is placed on aligning financial behaviors with goals and maximizing safe withdrawal rates to enhance spending during retirement.

Listeners get insights on helping cautious parents navigate high-fee advisors and the right investment strategies for retirees. Tactics for protecting elderly parents from scams are discussed, along with practical portfolio recommendations. The conversation shifts to advanced investing concepts, featuring book suggestions by renowned authors. They explore paths to market outperformance through concentration and leverage while critiquing traditional market-cap views. The episode emphasizes learning from past financial failures to build resilient portfolios.

This discussion dives into annual portfolio reviews, examining eight sample portfolios against commercial options. It reveals the surprising truth that many retirees struggle with underspending due to identity and fear. Notably, 2025 was a standout year for gold and bonds, with innovative strategies like the Golden Butterfly and Golden Ratio outpacing traditional methods. The conversation also highlights the risks of aggressive leverage, urging listeners to rethink their spending for a more secure retirement.

This discussion dives into the nuances of managing an inherited Roth IRA over a decade. It explores the challenges of asset location between Roth and traditional accounts, focusing on maximizing tax benefits. Insightful comparisons of international investment options like VXUS versus targeted tilts are shared. Listeners learn about effective drawdown strategies to preserve tax-free growth. Portfolio reviews round out the conversation, providing actionable insights into diverse allocation strategies and their market performances.

Listeners explore the myth of "never pay taxes" while transitioning to a Golden Butterfly portfolio. The discussion dives into managing taxable gains through strategic account placements and specific-lot sales. Bitcoin's volatility and speculative nature is examined, urging caution with allocations. Portfolio reviews highlight performance and strategies across various investment styles, including leveraged options. Additionally, engaging listener-created content adds a fun twist, enriching the financial discourse.

Discover how tilting toward small-cap value can enhance safe withdrawal rates but also comes with risks. Explore the value of diversification between small-cap and large-cap stocks. Learn about the new Testfolio tools, allowing for deep historical analysis across 100 years. Uncover the benefits of property and casualty insurers for diversification, especially in turbulent markets. Plus, get insights on the trade-offs of direct indexing versus using ETFs and how to navigate tax implications for retirement accounts.