This week's blogpost - https://bahnsen.co/3Qk01hU

Answering Your Financial Questions: Annuities, Social Security, and Roth vs. Traditional IRAs

In this episode of the Thoughts on Money Podcast, Trevor Cummings and Blaine Carver discuss various financial topics including annuities, the best time to claim Social Security benefits, and whether to fund a Roth or traditional IRA. Trevor emphasizes the importance of identifying the risks annuities mitigate, such as longevity and emotional risk. They delve into the breakeven points for claiming Social Security and the preference of positive cash flow in retirement. The conversation also simplifies the Roth vs. traditional IRA decision to whether to pay taxes now or later, carefully considering both current and future tax brackets. The episode kicks off a mini-series focused on answering common financial questions collected from clients. Tune in for practical insights and actionable advice.

00:00 Welcome to the Thoughts on Money Podcast 00:07 Weather Talk and Personal Anecdotes 01:10 Introducing the Q&A Mini-Series 01:30 The Value of Q&A Sessions 02:03 Trevor's College Experience and Teaching Style 04:42 Client Questions: Annuities Explained 07:53 Understanding Insurance and Risk 20:09 Client Questions: Social Security Strategies 28:54 Client Questions: Roth vs. Traditional IRAs 37:40 Wrapping Up and Looking Ahead

Links mentioned in this episode:

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

This week's blogpost - https://bahnsen.co/40Ph7J9

Bonds Explained: Understanding Their Role and Importance in Investment Portfolios

In this episode of the Thoughts on Money podcast, host Trevor Cummings is joined by guest and colleague Blaine Carver. They discuss bonds, distinguishing between stocks and bonds, and explaining the foundational concepts of owning and loaning money. The conversation delves into government bonds, interest rates, and their impact on personal finance. Blaine articulates the historical and economic contexts influencing bond prices, particularly during recent years, and differentiates between 'boring bonds' and 'credit.' They discuss the critical role bonds play in diversified investment portfolios, especially for income generation and risk mitigation, and explain why investors should not abandon bonds based on recent performance alone. The episode is framed around an analogy featuring a memorable NBA game to illustrate how different assets contribute to a balanced and effective investment strategy.

00:00 Introduction and Greetings 00:51 Understanding Bonds: A Basic Overview 03:39 The Role of Bonds in Personal Finance 05:42 Interest Rates and Their Impact on Bonds 09:45 Bonds vs. Stocks: A Comparative Analysis 11:57 Historical Performance and Future Expectations 20:37 Different Types of Bonds 25:41 The Importance of Diversification 29:45 Final Thoughts and Listener Engagement

Links mentioned in this episode:

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

This week's blogpost - https://bahnsen.co/3Ekku3k

Guiding Financial Futures with Purpose: A Conversation with Josh Klooz

In this episode of the Thoughts on Money (TOM) Podcast, hosted by Trevor Cummings, special guest Josh Klooz shares his journey from serving in the military to entering the finance industry, emphasizing the importance of trust and personal connection in financial advising. They discuss the pitfalls of marketing in the financial industry, the necessity of caring for clients beyond temporary fixes, and the ongoing pursuit to enhance service offerings at The Bahnsen Group. They touch on topics like the emotional impact of missing family moments during military service, the complexities of financial planning, and the importance of a holistic approach that includes tax and estate planning. The conversation provides valuable insights for both existing and prospective clients on finding an advisor who truly cares and can help fulfill their financial purposes.

00:00 Welcome to the Thoughts on Money Podcast 00:45 Introducing Josh Clues and His Background 03:11 From Military Service to Financial Industry 04:36 Critique of the Financial Industry 17:19 The Importance of Trust and Competency in Financial Advisors 24:55 Aligning Financial Resources with Life Purpose 28:04 Closing Remarks and Contact Information

Links mentioned in this episode:

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