Risk: Moderate

I’d rate the risk a 2 out of 5 because starting a retirement planning side hustle can be risky for beginners, especially if they can't afford to lose money. Here's why: 1. Financial Loss: There are potential startup costs such as certification courses, marketing, and software tools. If the business doesn't take off, these costs might not be recouped. 2. Time and Energy: Significant time and energy are required to build a client base and establish credibility. If the business fails, this investment is lost. 3. Confidence: Failure to attract clients or generate income can lead to a loss of confidence, especially for those new to the field. 4. Common Experiences: Many beginners report spending money on marketing and training without seeing a return, especially if they lack experience or a network in financial services. Overall, while it's possible to succeed, the risk of losing money and time is significant if not approached carefully.