The Official End of Year Checklist

Thoughts On Money [TOM]

#Trading #Business #Trevor Cummings #Personal Finances #Dividend Growth Investing #Financial Planning

35:51

Diego Pavia and Paul Finebaum are this week’s Netflix Sports Club guests. Paul Finebaum, the voice of the SEC, drops a bold national championship prediction that might give the Big Tenners pause, and he reveals which SEC quarterback has him starstruck. Vanderbilt quarterback, Diego Pavia, gives a standout performance on and off the field in SEC Football: Any Given Saturday. He relives that improbable ‘Bama victory, including pre-game routine and why he thinks this victory changed the conversation about Vandy football - sorry Nick Saban. Paul Fineman and Diego Pavia gaze into the crystal ball of the 2025 season, and what do they see? Heisman Trophies, making Auburn pay, and LSU’s chances for glory. In this interview, Vandy QB, Diego Pavia: 🟥 Details the 2024 Vandy vs. ‘Bama Buildup 🟥 Discusses playing for Coach Lea and with his bestie 🟥 Reveals his true height In this interview, SEC Expert, Paul Finebaum answers: 🟥 Why the SEC’s staying power is unrivaled? 🟥 Who’s almost a bigger star than Taylor Swift? 🟥 Which team will win the 2025 National Championship? 00:00 Intro 01:24 Vandy QB Diego Pavia Is a Star 01:37 Beating Bama 03:19 Choosing Vandy And Coach Lea 04:58 Give Me The Ball 06:20 Dude Put In The Work 07:38 Nick Saban Said What?? 08:20 Underdogs 10:22 Watch Out Auburn 12:33 Recruits: Come To Vandy! 13:29 Kay and Dani Talk SEC 15:54 Paul Finebaum’s SEC Picks 16:40 All About Arch Manning 17:23 SEC: The Only Game In Town 18:25 South Carolina Should Be In The Playoffs 19:40 Shane Beamer Bounce Back? 20:14 Arch Manning Is No Taylor Swift 21:42 The Weight of Being a Manning 22:31 Finebaum: “Best Player Since Tim Tebow” 23:20 LSU QB1 + Championship Or Bust 25:39 Post Saban Alabama 27:42 Is Vanderbilt Legit? 28:44 Can Mississippi State Survive? 29:49 The Vols “Will Struggle This Year” 31:44 SEC: Natty. Little Tenners: Nothing 33:09 Outro 34:28 Up Next - America’s Team: The Gambler And His Cowboys 🏈 Diego Pavia Instagram - https://bit.ly/45uLND4 TikTok - http://bit.ly/4fsLY5p X - https://bit.ly/4ldwx2j 🏈 Vanderbilt Instagram - http://bit.ly/4lfo8eu X - http://bit.ly/4mCiaWt YouTube - @vucommodores 🏈 Paul Finebaum Instagram - https://bit.ly/45kVtPv X - https://bit.ly/46JQFWc 🎙️ Kay Adams Instagram - http://bit.ly/3GYp4Go TikTok - http://bit.ly/4m7KmR9 X - http://bit.ly/45nI2Ou 🎙️ Dani Klupenger Instagram - https://bit.ly/3HeGGxx TikTok - https://bit.ly/4lQSBkl X - https://bit.ly/4lWpufr 🟥 Netflix Sports Instagram - http://bit.ly/45CPAhL TikTok - http://bit.ly/4mti6Ia X - http://bit.ly/4mseqGH Facebook - http://bit.ly/45o5xqK YouTube - @NetflixSports We want to hear from you! Leave us a voice message at www.speakpipe.com/NetflixSportsClub Be sure to watch, listen, and subscribe to the Netflix Sports Club Podcast on YouTube, Spotify, Tudum, and wherever you get your podcasts. Hosted by Kay Adams, the Netflix Sports Club Podcast is an all-access deep dive into the Netflix Sports Universe. Join Kay as she speaks with athletes, coaches, and top sports correspondents to break down the latest Netflix Sports series. Expect bold opinions, insightful analysis, and candid conversations you won’t find anywhere else.…

about a year ago 29:56

MP3•Episode home

This week's blogpost -

End-of-Year Financial Planning with Special Guest Darren Lightfoot

In this episode of the Thoughts on Money Podcast, host Trevor Cummings welcomes special guest Darren Lightfoot to discuss end-of-year financial planning. The episode covers a range of practical topics including creating a checklist for year-end, the importance of making contributions, distributions, and donations before the year closes, and strategies for tax-efficient giving. Darren shares his personal experiences and insights from his transition from operations to the planning team at The Bahnsen Group. The conversation also delves into the importance of tracking expenses, earmarking funds for upcoming large purchases, and planning for taxes. This episode is filled with actionable advice to help listeners prepare for the financial year's end.

00:00 Welcome to the Thoughts on Money Podcast

00:03 Meet Our Special Guest: Darren Lightfoot

00:55 The Importance of Year-End Checklists

01:17 Packing Woes and Family Dynamics

03:13 End-of-Year Financial Planning Tips

05:13 Tax-Efficient Charitable Giving

08:42 Understanding Contributions and Distributions

14:53 Gifting Strategies for Family Members

19:04 Tracking Expenses and Market Insights

25:21 Final Thoughts and Tax Considerations

26:42 Closing Remarks and Listener Engagement

Links mentioned in this episode:

236 episodes

The Official End of Year Checklist

Thoughts On Money [TOM]

published about a year ago

MP3•Episode home

This week's blogpost -

End-of-Year Financial Planning with Special Guest Darren Lightfoot

00:00 Welcome to the Thoughts on Money Podcast

00:03 Meet Our Special Guest: Darren Lightfoot

00:55 The Importance of Year-End Checklists

01:17 Packing Woes and Family Dynamics

03:13 End-of-Year Financial Planning Tips

05:13 Tax-Efficient Charitable Giving

08:42 Understanding Contributions and Distributions

14:53 Gifting Strategies for Family Members

19:04 Tracking Expenses and Market Insights

25:21 Final Thoughts and Tax Considerations

26:42 Closing Remarks and Listener Engagement

Links mentioned in this episode:

236 episodes

#Trading #Business #Trevor Cummings #Personal Finances #Dividend Growth Investing #Financial Planning

All episodes

Thoughts On Money [TOM]

1
The Stock Market and the Casino 40:55

7 days ago40:55

40:55

This week's blogpost - https://bahnsen.co/4mrbGcG The Patience Premium: Distinguishing Stock Market Investments from Casino Bets In this episode of The Thoughts On Money podcast, host Trevor Cummings and guest Blaine Carver delve into the common misconception that the stock market resembles a casino. They discuss Carver's recent article 'The Stock Market and the Casino,' highlighting key points such as the importance of having a long-term investment perspective, the role of setting proper expectations, and understanding risk premiums. They compare the consistent historical growth of the stock market to gambling odds, explaining that while the stock market may feel volatile in the short term, it ultimately favors those with patience and a long-term outlook. They also underscore the financial and psychological benefits of maintaining a diversified portfolio and keeping an optimistic viewpoint regarding market investments. The conversation includes an interesting case study about the long-term value gain of the Los Angeles Lakers compared to general stock market investments, emphasizing the power of compounding returns. The episode concludes with sage advice on navigating market volatility and aligning investment strategies with personal financial goals. 00:00 Welcome to The Thought Podcast 01:09 Parenting Insights and Challenges 03:02 Stock Market vs. Casino: Debunking Myths 08:03 Understanding Risk Premium and Time Horizon 19:54 Thanksgiving: The Best Holiday 20:40 Thanksgiving Dinner and Stock Market Analogy 21:20 The Importance of Patience in Investing 23:35 Financial Myopia and Historical Investment Trends 26:46 The Power of Compounding and Long-Term Investments 30:58 Setting Proper Expectations and Optimism in Investing 38:15 Final Thoughts and Podcast Wrap-Up Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
When Risk Isn’t What It Seems: Rethinking the Volatility Paradigm 51:49

13 days ago51:49

51:49

This week's blogpost - https://bahnsen.co/3IOsn3v Rethinking the Volatility Paradigm with Ishan Chhabra In this episode of the Thoughts and Money Podcast, host Trevor Cummings and his colleague Blaine Carver welcome guest Ishan Chhabra to discuss his article, 'When Risk Isn't What it Seems.' They explore the traditional views of risk and volatility in finance, highlighting the differences between individual and institutional perspectives. The conversation delves into emotional biases, the importance of understanding one's own risk tolerance, and how financial advisors can help clients navigate these complexities. They also touch on strategies like dollar cost averaging, the concept of loss aversion, and the benefits of having a diversified portfolio. Throughout the episode, the trio emphasizes the value of personalized financial planning and the role of experienced advisors in helping clients make informed decisions. 00:00 Introduction and Guest Introduction 00:31 Overview of the Article: Rethinking Risk 01:03 Institutional vs. Individual Risk Perception 02:08 Behavioral Economics and Risk 03:47 Volatility and Time Horizon 04:36 Real-Life Analogies of Risk 06:19 Financial Advisory and Risk Management 09:35 Emotional Biases in Investing 14:57 The Role of Financial Advisors 20:52 Investment Strategies and Risk Mitigation 25:19 Conviction in Investment Decisions 26:09 Understanding Inflation and Long-Term Risk 27:03 Customizing Financial Plans 31:09 The Importance of Diversification 32:39 Human Behavior and Financial Decisions 33:03 Balancing Emotional and Mathematical Aspects 37:00 Personalizing Financial Advice 42:33 Balancing Risk and Reward 49:13 Concluding Thoughts and Listener Engagement Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Write Off the Sunset: Planning Around the OBBBA 42:08

20 days ago42:08

42:08

This week's blogpost - https://bahnsen.co/4m3JlJo Navigating the New Tax Landscape with Matt Gregory In this episode of the Thoughts and Money Podcast, host Trevor Cummings welcomes Matt Gregory, Director of Financial Planning at The Bahnsen Group, for his first appearance on the show. They explore the details and implications of a new tax bill—dubbed the One Big Beautiful Bill Act (O-B-B-B-A)—covering topics like charitable giving strategies, state and local tax (SALT) deductions, and Social Security taxation. The discussion also delves into above-the-line and below-the-line deductions, credits, and planning opportunities for different client profiles. Additionally, they discuss the impact of tips, overtime, and introduce new tax-deferred savings accounts for children. The episode underscores the importance of strategic planning and leveraging available software tools to optimize tax outcomes. 00:00 Welcome to the Thoughts and Money Podcast 00:18 Introducing Matt Gregory: From Broadway to Financial Planning 01:09 Understanding the New Tax Bill 02:28 Above the Line vs. Below the Line Deductions 07:11 Charitable Giving Strategies 17:14 State and Local Tax Deductions (SALT) 19:45 Scrutinizing the New Tax Bill 20:28 Social Security Tax Changes 22:50 Tax Implications for Tips and Overtime 25:57 Automobile Loan Interest Deductions 28:01 New Savings Vehicle for Kids 28:50 Estate Exemption and Planning 33:34 Market Reactions and Predictions 36:27 Practical Tax Planning Tips 39:47 Conclusion and Contact Information Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
T.O.E. (Thoughts On Expenses) 41:39

27 days ago41:39

41:39

This week's blogpost - https://bahnsen.co/44SfyfP Mastering Your Finances: The Importance of Understanding Expenses In this episode of the 'Thoughts On Money' podcast hosted by Trevor Cummings and his colleague Blaine Carver, the duo delve into the intricacies of managing and understanding expenses. They emphasize the importance of recognizing different types of expenses, including small, big, recurring, and one-time expenses, and introduce a new category called collateral expenses. The discussion aims to provide listeners with practical insights on how to categorize their expenses effectively, understand their spending patterns, and ultimately strengthen their financial plans. Listeners are advised to study their top expenses, consider collateral costs, use aggregation tools to get a full picture of their finances, and ensure they are not making repeated financial mistakes. The episode concludes with wisdom on using past financial experiences to guide future decisions. 00:00 Introduction and Podcast Theme 00:24 Understanding Expenses: An Overview 02:49 Small Expenses: The Big Debate 09:49 Big Expenses: The Real Game Changers 17:19 Recurring Expenses: The Hidden Costs 21:26 Understanding Collateral Expenses 22:29 The Domino Effect of Home Purchases 23:24 Hidden Costs of Vacation Rentals 26:40 The Reality of One-Time Expenses 30:09 The Importance of Budget Buffers 34:07 Learning from Financial Mistakes 38:41 Final Thoughts and Practical Advice Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Cautiously Pessimistic 50:25

5 weeks ago50:25

50:25

This week's blogpost - https://bahnsen.co/4nZl7Sv Cautiously Pessimistic – Navigating Investment Expectations In this episode of The Thought Somebody Podcast, host Trevor Cummings and guest Blaine Carver discuss Trevor's latest article titled 'Cautiously Pessimistic.' They explore the concept of cautious pessimism in finance, explaining how it contrasts with the common term 'cautiously optimistic' often used by financial pundits. Trevor and Blaine delve into the importance of setting reasonable investment expectations, emphasizing the significance of understanding the purpose of investment funds and developing grounded, historically-informed perspectives. They also caution against misplaced optimism and the psychological impacts of investment decisions, explaining the potential pitfalls of reacting to market volatility and irrational exuberance. Through various analogies and historical instances, they underscore the value of asking the right questions, such as the purpose and time horizon of investments, to ensure alignment with financial goals and to mitigate the emotional scars of market fluctuations. 00:00 Welcome and Introduction 00:19 Cautiously Pessimistic: An Article Overview 02:29 The Importance of Context in Financial Advice 06:16 Understanding Investment Expectations 07:39 The Role of Time Horizon in Investment Strategy 16:12 Reasonable Expectations for Bonds and Stocks 24:46 Understanding Premiums and Historical Correlations 26:16 The Impact of Valuations on Future Returns 28:09 The Concept of Market Bubbles 29:42 Setting Realistic Expectations 32:27 Lessons from Historical Market Trends 34:50 The Role of Emotions in Investing 42:02 The Importance of Groundedness in Investing 48:08 Concluding Thoughts and Listener Engagement Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Mid-Year Money Check-In 36:34

7 weeks ago36:34

36:34

This week's blogpost - https://bahnsen.co/45Kgy7H Midyear Money Check-in: Financial Hygiene and Strategic Planning In this episode of the Thoughts on Money Podcast, host Blaine Carver and guest Darren Lightfoot discuss the importance of a midyear financial check-in. They elaborate on various topics including the significance of reviewing New Year’s resolutions, optimizing cash reserves, examining insurance coverages, maximizing retirement contributions, efficient charitable giving, and evaluating private investments. They stress the importance of periodic reviews to ensure financial plans are on track and provide seven essential questions to guide listeners through a midyear money check-up. 00:00 Welcome to the Thoughts on Money Podcast 00:16 The Importance of Midyear Resolutions 04:17 Question 1: How Much Cash Do I Hold? 06:54 Question 2: Reviewing Insurance Coverage 10:06 Question 3: Maximizing Retirement Contributions 15:36 Question 4: Charitable Giving Strategies 21:52 Question 5: Preparing for Large Expenses 25:02 Question 6: Evaluating Monthly Subscriptions 29:51 Question 7: Considering Private Markets 33:18 Conclusion and Final Thoughts Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Roth Conversion Tax Traps 26:17

8 weeks ago26:17

26:17

This week's blogpost - https://bahnsen.co/4jYgcxO In this episode of the 'Thoughts On Money' podcast, co-host Blaine Carver and guest Darren Lightfoot delve into the intricacies of Roth conversions and the potential tax traps associated with them. Blaine shares personal anecdotes and explains why Roth conversions, despite their popularity, require careful consideration of several factors that go beyond simple tax bracket comparisons. They discuss how adjustments in adjusted gross income (AGI) and modified AGI (MAGI) can affect various aspects such as Social Security taxation, Medicare premiums, capital gains taxes, and eligibility for tax credits. Key insights are provided on navigating these hidden pitfalls and the importance of consulting with financial professionals for tailored advice. 00:00 Introduction and Host Welcome 00:38 Beach Story and Weather Analogy 02:50 Introduction to Roth Conversions 04:34 Detailed Tax Traps in Roth Conversions 08:18 Impact on Social Security and Medicare 12:12 Qualified Charitable Distributions (QCD) 14:50 Dividends, Capital Gains, and Tax Credits 18:20 Final Thoughts and Advice 24:01 Podcast Conclusion and Disclaimers Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

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Why You Need to Understand Duration 38:29

9 weeks ago38:29

38:29

This week's blogpost - https://bahnsen.co/4l4j6C2 Understanding Duration: Impact on Bond Investment Strategies In this episode of the Thoughts on Money Podcast, Trevor Cummings and Blaine Carver delve into the concept of duration and its significance in bond investments. They discuss how duration affects bond prices in response to changes in interest rates and offer practical examples to illustrate. Additionally, they reflect on the different investment scenarios and strategies during 2020 and 2025, emphasizing the importance of adjusting investment strategies based on current interest rates and valuations. With insights on balancing risk and opportunity, the episode aims to make a traditionally complex and 'boring' financial topic more accessible and relevant. 00:00 Welcome to the Thoughts on Money Podcast 00:44 Understanding Duration: A Key Concept in Bonds 01:08 The Lemonade Stand Analogy 03:22 Duration and Interest Rates: A Deeper Dive 10:09 The Impact of COVID-19 on Bond Markets 13:13 The Urgency of Reallocating Bonds in 2020 18:08 Interest Rates and Bond Prices: A Changing Landscape 18:50 Understanding Duration and Leverage 20:14 Investment Strategies in a High-Rate Environment 24:32 The Importance of Historical Context in Investing 29:05 Practical Advice for Portfolio Management 35:59 Conclusion and Listener Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Overwhelmed By Options 35:27

10 weeks ago35:27

35:27

This week's blogpost - https://bahnsen.co/4kPiJLp Understanding Options: Income Strategies and Market Mitigation In this episode of the Thoughts and Money Podcast, hosts Trevor Cummings and Blaine Carver tackle the complex topics of investing in options, specifically covered calls and buying puts. Titled 'Overwhelmed by Options,' the discussion aims to shed light on these intricate investment strategies, explaining how they work, their potential benefits, and the significant downsides. Using analogies and examples, they stress the importance of understanding the long-term impact of these strategies on portfolio returns. Trevor and Blaine debunk some common misconceptions about options, emphasize the need for informed investing, and invite listeners to reach out with further questions. The episode underlines the importance of simplicity and transparency in investment strategies. 00:00 Welcome to the Thoughts and Money Podcast 00:17 Introducing the Topic: Overwhelmed by Options 01:07 The Allure and Risks of Options 02:09 Real-Life Analogies for Understanding Options 03:10 Common Questions About Options Strategies 03:46 The Insurance Analogy and Options 06:21 Explaining Options: Calls and Puts 07:51 Covered Calls: Enhancing Income with Risks 17:01 Buying Puts: Portfolio Insurance 21:47 Practical Insights and Real-Life Examples 24:53 The Long-Term Perspective on Options 30:44 Final Thoughts and Listener Engagement Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Unforced Errors 47:33

11 weeks ago47:33

47:33

This week's blogpost - https://bahnsen.co/4dKakXs Avoiding Unforced Errors in Your Financial Plan In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Blaine Carver discuss the importance of avoiding unforced errors in various aspects of financial planning. The conversation delves into common mistakes such as concentrated stock positions, market timing, overlooked tax planning opportunities, and inefficient estate planning. The hosts emphasize the need for patience, proper insurance coverage, and the wisdom of consulting expert advisors. They conclude by stressing the significance of understanding one’s financial behavior to mitigate risks and ensure a sound financial strategy. 00:00 Welcome to the Thoughts on Money Podcast 00:50 Unforced Errors in Sports and Finance 02:45 Fundamentals of Financial Planning 09:39 The Importance of Diversification 15:05 Avoiding Market Timing and One-Off Investments 22:24 The Perils of Overconfidence in Investing 23:04 Tax Planning: Avoiding Common Mistakes 29:48 Estate Planning: Ensuring a Smooth Transition 37:23 Insurance Planning: Protecting Your Loved Ones 40:44 Conclusion: Mastering the Fundamentals Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Compounding Growth 38:32

12 weeks ago38:32

38:32

This week's blogpost - https://bahnsen.co/43FUXf8 The Power of Compounding Growth: Basics, Beliefs, and Strategies In this episode of the Thoughts on Money Podcast (TOM), host Trevor Cummings and guest Blaine Carver discuss the importance and impact of compounding growth. Trevor shares insights from his recent article titled 'Compounding Growth,' inspired by real-life client interactions and the common disbelief about the power of compounding. They elaborate on the concept through various examples and parables, including the famous rice and chessboard story and the 'Would You Rather' riddle. The episode also emphasizes the relevance of compounding in different stages of an investor's life—whether they are accumulators, de accumulators, or new investors. The duo offers valuable advice on saving early and often, understanding the exponential growth curve, and ensuring long-term financial health through strategic planning. They conclude by encouraging young and new investors to experience the wonders of compounding firsthand, stressing the significance of patience and intentionality in financial planning. 00:00 Introduction to the Podcast 00:31 Understanding Compounding Growth 02:40 The Power of Compounding: Parables and Examples 06:04 The Importance of Early Contributions 08:00 Compounding in Real Life: Warren Buffett and Beyond 10:56 Strategies for Young Investors 17:47 The Impact of Compounding on Debt 18:50 The Misconception of Retirement as a Finish Line 19:25 The Importance of Compounding for Decumulators 20:57 Expense-Based Planning for Risk Mitigation 22:08 Balancing Risk and Growth in Retirement 26:39 The Power of Compounding for New Investors 28:38 Compounding Knowledge and Wisdom 35:44 Final Thoughts and Listener Engagement Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Nobody Knows Everything 37:27

13 weeks ago37:27

37:27

This week's blogpost - https://bahnsen.co/43vNFui Nobody Knows Everything: Navigating Financial Expertise and Collaboration In this episode of the Thoughts of Money Podcast, hosts Trevor Cummings and Blaine Carver delve into Trevor's recent blog article titled 'Nobody Knows Everything.' The discussion revolves around the importance of acknowledging the limits of one's knowledge and leveraging expertise through collaboration, particularly in the context of financial planning. They touch on topics such as the transition from the Information Age to the Curation Age, the division of labor, and the use of subject matter experts. They emphasize the value of having specialized professionals to enhance financial planning and provide deeper, more accurate advice. Trevor and Blaine also share insights on how the Bonsco Group integrates specialized knowledge within their team to better serve clients, making a compelling case for the necessity of teamwork in achieving comprehensive financial planning. 00:00 Welcome to the Thoughts of Money Podcast 00:13 Discussing the Article: Nobody Knows Everything 00:49 Insights from Ecclesiastes 01:46 The Greater the Shores of Knowledge 02:15 Applying Knowledge to Financial Life 02:43 The Information Age and Curation 08:00 The Division of Labor in Financial Planning 11:05 The What, Who, Why, When Framework 17:08 Accessing Professional Advice 18:41 The Role of Subject Matter Experts 19:54 Estate Planning and Financial Advice 22:08 Collaboration and Specialization 25:17 The Importance of a Fiduciary 32:14 Leveraging Technology and AI 34:51 Conclusion and Listener Engagement Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Surplus, Steady, and Sinking – Three Types of Retirement 36:56

14 weeks ago36:56

36:56

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…

Thoughts On Money [TOM]

1
Why Dividend Growth? 38:44

15 weeks ago38:44

38:44

This week's blogpost - https://bahnsen.co/3YWQUs6 The Case for Dividend Growth: Insights from the Thoughts and Money Podcast In this episode of the Thoughts and Money Podcast, host Trevor Cummings and colleague Blaine Carver delve into the subject of dividend growth investing. They discuss common questions from clients about why more people don't adopt dividend growth strategies and how these strategies differ from others touted as the best. Trevor shares his personal journey of becoming a dividend growth advocate, emphasizing the importance of 'eating your own cooking'—investing in the same strategies recommended to clients. They highlight the benefits of dividend growth, including its potential for stable and increasing cash flow, its built-in mechanism for value investing, and its appeal to financial planners aiming to mitigate sequence of returns risk for retirees. The episode also addresses the psychological shift needed to focus on income rather than stock prices and concludes with anecdotes affirming the real-world application and success of dividend growth investing. 00:00 Welcome to the Thoughts and Money Podcast 00:16 Travel Tales and Client Interactions 00:43 Why Dividend Growth? 02:37 The Importance of Eating Your Own Cooking 03:10 Lack of Dividend Growth Advocates 05:54 Dividend Growth: An Evergreen Strategy 06:47 Dividend Growth and Personal Responsibility 12:21 The Significance of Stock Price 21:10 Dividend Growth: A Financial Planner's Dream 27:03 Psychological and Mathematical Advantages of Dividend Growth 35:52 Final Thoughts and Listener Engagement Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com…

Thoughts On Money [TOM]

1
Surviving These Markets 26:57

16 weeks ago26:57