Surplus, Steady, and Sinking – Three Types of Retirement

Thoughts On Money [TOM]

This week's blogpost - https://bahnsen.co/4keLRM3

In this episode of the Thoughts and Money Podcast ('Tom'), host Trevor Cummings and co-host Blaine Carver break down financial planning into three distinctive categories: surplus, steady, and sinking. They discuss how most Americans fit into these categories based on their spending and saving habits. The conversation covers the pros and cons of each financial trajectory, the psychological impacts, and the importance of understanding one's financial status for better planning. Listeners are encouraged to diagnose their financial category with their advisor and explore the risks and opportunities associated with their financial planning. The episode highlights the importance of intentional planning to turn uncertainty into clarity and confidence.

00:00 Introduction to the Podcast

00:19 Surplus, Steady, and Sinking Explained

00:51 Understanding Surplus Retirement

02:46 The Loquat Tree Analogy

04:45 Financial Planning and Surplus Retirement

11:39 Steady Retirement Insights

17:46 Spending Dividends and Interest in Retirement

18:27 The Desire for a Secure Retirement

18:52 The Challenges of a Sinking Financial Strategy

19:46 The Importance of Asset Allocation and Safety Nets

22:01 Understanding Your Financial Trajectory

25:47 Diagnosing and Treating Your Financial Health

31:06 The Role of Advisors in Financial Planning

33:54 Final Thoughts and Encouragement

Links mentioned in this episode:

• http://thoughtsonmoney.com
• http://thebahnsengroup.com