In this episode, Dave Zaegel discusses the limitations and problems with risk tolerance questionnaires commonly used in retirement planning. He emphasizes the importance of individualized retirement planning and the need for a comprehensive plan that aligns with the client's goals and needs. Risk tolerance questionnaires should only be used as a supplement to the plan, providing small adjustments based on the client's comfort level. Dave cautions against relying solely on these questionnaires and highlights the role of proper investment structure in supporting the plan. Takeaways: Risk tolerance questionnaires are commonly used in retirement planning but have limitations and may not accurately reflect an individual's true risk tolerance. Individualized retirement planning is crucial to ensure the plan aligns with the client's goals and needs. Risk tolerance questionnaires should be used as a supplement to the plan, providing small adjustments based on the client's comfort level. The plan should drive the investment strategy, and risk tolerance questionnaires should not be the sole determinant of investment decisions. Chapters: