Risk Parity Radio
Risk Parity Radio is a podcast about investing located at www.riskparityradio.com. RPR explores risk-parity style portfolios comprised of uncorrelated or negatively correlated asset classes -- stocks, selected bonds, gold, managed futures, and other easily accessible fund options for the DIY investor. The goal is to construct portfolios that are robust and can be drawn down on in perpetuity, and to maximize projected Safe Withdrawal Rates regardless of projected overall returns.
Episodes
488 episodes
Episode 486: Matching Your Portfolio With Your Spending Goals, The RPR Site, ETPs, Coast FI Sabbaticals, And Portfolio Reviews As Of February 6, 2026
In this episode we answer email Serge, Nielsen, Paul and Loren. We dig into the core question that drives every portfolio -- when will this money be spent and by whom -- which dictates how it should be invested, and talk about the website...
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Season 6
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Episode 486
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39:41
Episode 485: Discerning Managed Futures From Momentum, Monte Carlo Simulation Mania, And Variable Withdrawal Mechanisms
In this episode we answer questions from Ben, Todd, and Tom. We discuss how managed futures differ from momentum, differentiating Monte Carlo simulations and why you need to be careful with parameterized simulations, and flexible withdrawal str...
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Season 6
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Episode 485
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30:16
Episode 484: Portfolio Considerations Pre-Retirement, Accounting For Taxes, Data, Catherine O'Hara And Portfolio Reviews As Of January 30, 2026
In this episode we answer emails from Sebastian, Mark, and James. We discuss the purpose of treasury bond allocations, annuity cash flows, and where rentals fit, goofy accounting for taxes, a bridge to social security and answer questions...
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Season 6
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Episode 484
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51:57
Episode 483: Parsing Amateur Gold And Cash Ideas, Expert Links, Managed Futures, Testfolio Hints, And Other Hijinks
In this episode we answer emails from Gregory, Rick and Graham. We discuss some more amateur ideas on gold and cash buffers, and modeling managed futures, and we explain why costs and liquidity often matter more than the story you’re told...
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Season 6
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Episode 483
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43:19
Episode 482: Reviewing "The Score", Tweaking A Portfolio, And Portfolio Reviews As Of January 23, 2026
In this episode we answer emails from Isaiah and Mike. We unpack how metrics hijack meaning and show how a diversified, risk-parity approach lets you thrive without chasing perfect scores, review our business model and help Mike tweak his...
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Season 6
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Episode 482
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45:43
Episode 481: Dr. Bill's Excellent Adventure Into Risk Parity Retirement
In this episode we read a lengthy email missive from our good friend Dr. Bill on reaching financial independence a few years early, designing a risk parity portfolio with an advisor, and facing the emotional fog that follows. We share how to re...
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Season 6
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Episode 481
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54:40
Episode 480: Tail Risk Strategies, Better Approaches Using Diversification And Who To Learn That From, Fund Taxonomy, And Portfolio Reviews As Of January 16, 2026
In this episode we answer emails from Gregory and Isaiah. We discuss whether tail-hedged ETFs belong in a retirement portfolio, then map out a cleaner path with Treasuries as recession insurance, a value tilt for equity resilience. We als...
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Season 6
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Episode 480
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53:51
Episode 479: The 60% Transition Solution, Financial Advisor Horror Stories, And Notes On Performance Data
In this episode we answer emails from Bee, Brian, and Derek. We discuss shifting from pure equities toward a Golden Ratio allocation at 60% of the way to financial independence, using 401(k) BrokerageLink to add small cap value, and repla...
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Season 6
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Episode 479
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37:33
Episode 478: Index Fund Choices, Distribution Methods, The Financial Advisor Landscape, Parsing Our Approach, And Portfolio Reviews As Of January 9, 2026
In this episode we answer emails from Jeff, Chad and Matt. We discuss choices in 100% equity accumulation portfolios, distribution methodology for the sample portfolios, more on radio-personalities-cum-financial-advisors who try to punch ...
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Season 6
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Episode 478
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57:08
Episode 477: Handling Midwest Mom, Some Book Recommendations, And Australians Trying To Beat The Market
In this episode we answer emails from Midwest Nice, Ron and Stefan. We discuss helping a cautious parent with a high-fee advisor, what services are actually worth paying for in their case, how to invest home-sale proceeds for a 5–10 year ...
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Season 6
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Episode 477
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53:41
Episode 476: Come On Up To The House With Our Annual Portfolio Reviews For The Very Good Year Of 2025
In this episode we conduct our annual portfolio reviews of our eight sample portfolios you can find at Portfolios | Risk Parity Radio, and compare them with commercial alternatives. ...
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Season 6
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Episode 476
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50:44
Episode 475: Managing An Inherited Roth IRA, Roth vs. Traditional Tax Locations, Some Basics With Resources, And Portfolio Reviews As Of December 26, 2025
In this episode we answer emails from Tyler, Michael and Jon. We discuss managing an inherited Roth across a 10-year window and related questions, compare VXUS to targeted international tilts, tax and asset location considerations for tra...
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48:33
Episode 474: Planning Around Taxes In Transition, Bitcoin FOMO, Living In A Trailer, And Portfolio Reviews As Of December 19, 2025
In this episode we answer emails from Jenna, Kevin, and Jack Rabbit. We challenge the myth of “never pay taxes” and show how to transition scattered holdings into a Golden Butterfly framework while keeping taxes manageable. We also examin...
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Season 6
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Episode 474
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40:27
Episode 473: Merry Christmas From Testfolio, More Cowbell, KBWP, And Fund Seeder Mania
In this episode we answer emails from JT, Phil, and Glenn. We revel in the updates to the TestFolio tools, weigh how tilting toward small cap value can lift safe withdrawal rates but also reduces overall diversification, return to KBWP an...
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Season 6
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Episode 473
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33:03
Episode 472: A Field Day In New Jersey, Obviating Late Accumulation Risks, And Portfolio Reviews As Of December 12, 2025
In this episode we answer emails from Anonymous from New Jersey, James, and Brad. We answer a donor’s six-part retirement plan, from mortgages and liquidity to 403(b) constraints, ETF trading, asset location, asset swaps, and tax‑savvy wi...
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Season 6
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Episode 472
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39:55
Episode 471: Holy MiFID Quandaries, HGER, And The Desert Portfolio
In this episode we answer emails from Anonymous, Pete, and Wilhelm. We discuss how MiFID reshapes investing for U.S. citizens retiring in the EU, the commodities fund HGER and the "Desert Portfolio."Links:Father McKenna Ce...
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Season 6
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Episode 471
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29:46
Episode 470: Short Term Bonds, A Growth Plan For A Late Starter, A Birthday Wish And Portfolio Reviews As Of December 5, 2025
In this episode we answer emails from Adam, Cha Cha, and TJ. We discuss how cash and short-term bonds affect safe withdrawal rates, why the Golden Butterfly’s allocation is a preference not a rule, and how to build a growth-first plan whe...
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Season 6
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Episode 470
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48:55
Episode 469: Risk Parity For Charity, Managing Indvidual REITs, And Reverse Glidepaths
In this episode we answer emails from Patrick, Kyle, and Dave. We discuss the advantages of using risk parity style portfolios for higher withdrawal rates, how to manage a sleeve of individual REITs, the joys of giving in its various form...
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Season 6
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Episode 469
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39:04
Episode 468: Revisiting Listener Gambling Problems, Canadian Considerations, And A Visit To the Father McKenna Center
In this episode we answer emails from Grant, Brian, and Mourad. We unpack Grant's various gambling problems with leveraged ETFs and Bitcoin wrappers, owning gold in CAD or USD for Canadians, the role of preferred shares and Mourad's recen...
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Season 6
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Episode 468
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33:52
Episode 467: A Smorgasbord Of Retirement Account Management And Spending Tips And Portfolio Reviews As Of November 21, 2025
In this episode we answer emails from Camille and Jeff. We discuss how 72(t) and asset swaps enable early IRA access, where to place managed futures and treasuries for taxes, practical cash options at IBKR and ultra-short term ETFs, desig...
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Season 6
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Episode 467
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39:25
Episode 466: TDFs, Managed Futures, Complex Trading Strategies, STRIPS And TIPS
In this episode we answer emails from Phil and Chris. We discuss moving from target date funds to low-cost index funds, why equity diversification needs a value tilt, how managed futures replication mimics an index fund in that asset clas...
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Season 6
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Episode 466
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34:52
Episode 465: Working Through The Middle Muddle, Cool Animated Videos, And Analyzing Other Retirement Portfolios
In this episode we answer emails from Arun, Neil, and Stephen. We discuss intermediate accumulation portfolios, when you start needing bonds and being a good family man; favorite listener episodes #436 and #441, and an analysis of Thurman...
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Season 6
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Episode 465
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46:09
Episode 464: More Fun With Leverage, Bad Advisor Incentives, Working With A Substandard 401k And Portfolio Reviews As Of November 7, 2025
In this episode we answer emails from Dave, Isaiah, and Ian. We discuss back-testing tools, revisit UPRO and leverage from the last episode, the inherent biases and incentives for retail financial advisors to recommend underspending and u...
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Season 6
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Episode 464
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46:31
Episode 463: Pros And Cons of Leverage, Tax Buckets, Small Cap Value And Retirement Spending Frameworks
In this episode we answer emails from Roman, Andrew and Iain. We discuss the plusses and minuses of leverage, volatility drag, and how leverage interacts with diversification and withdrawals, general observation on tax optimization via ac...
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Season 6
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Episode 463
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36:24
Episode 462: Creating Your Own Sample Portfolio, Asset Swaps With Cash, Low-Bar-Setting Financial Advisors, And Portfolio Reviews As Of October 31, 2025
In this episode we answer emails from Jess, Phil and Scott. We discuss an experience of setting up a sample RPR portfolio for one's self, using asset swaps to manage cash, and fun with the low bar standards and other inadequacies of many ...
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Season 6
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Episode 462
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45:00