The behavioral and emotional side of financial planning takes precedence when planning for our future.

I see this play out frequently in the form of anchoring to a perceived value we’ve grown accustomed to, based on prior experience.

This “value”; however, can unfortunately lead to decisions that damage the success of our financial plan.

Outline of This Episode

• [1:40] Anchoring to a dollar amount is what we’re used to
• [5:56] Are you stuck on your stock prices?
• [10:25] Your retirement number needs to have a basis
• [15:20] What are you sacrificing to reach your number?
• [16:13] Don’t limit your tax thinking
• [20:25] Gain confidence with a financial plan

Resources & People Mentioned

• BOOK - Wild Problems by Russ Roberts

Connect with Chad and Cameron

• https://www.financialsymmetry.com/podcast-archive/ 
• Connect on Twitter @csmithraleigh @TeamFSINC
• Follow Financial Symmetry on Facebook

Subscribe To This Podcast

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Today estate law attorney, Adam Tarsitano, joins us to discuss how you should think through some commonly misunderstood areas of your estate plan.

Listen in to learn why you may not look forward to the sunset in 2026, the difference in various trusts, and whether you should open a trust to avoid probate.

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