Describe how someone’s risk tolerance directly impacts their retirement planning. Use an example to illustrate how much difference it would make if someone was a conservative investor who averaged a 6% return over 35 years on their savings versus another more aggressive investor who averages 8% over the same period. Interpret your results: advantages and disadvantages of the two investment strategies.

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Starting with risk tolerance so it means the amount of risk one is willing to take when the investme... View the full answer