Mind the Gap

This week's blogpost - https://bahnsen.co/41LZ33h Mind the Gap: Navigating Investor Psychology and Financial Planning In this episode of the 'Thoughts of Money' podcast, host Trevor Cummings is joined by Blaine Carver to discuss the concept of 'Mind the Gap' in financial planning. They explore how understanding the gap between asset growth and expenses is crucial for long-term financial health. The conversation covers the importance of withdrawal rates, the limitations of traditional financial advice, and the benefits of expense-based planning. The hosts also emphasize the need for safety nets and a well-diversified portfolio to mitigate risks and ensure sustainable growth over time. 00:00 Introduction and Host Banter 00:58 Mind the Gap: Understanding Investor Psychology 05:05 The Importance of Withdrawal Rates 11:23 Expense-Based Planning vs. Traditional Financial Planning 22:52 Behavioral Risks in Retirement Planning 24:27 Conclusion and Listener Engagement Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com