In this insightful episode, we delve into how U.S. election outcomes influence retirement planning, revealing a surprising pattern: many advisors and clients react to political uncertainty with fear-driven investment decisions, often to their detriment. Reflecting on the 2016 and 2020 elections, we explore how market reactions defied expectations. Will history repeat itself and why this year may or may not be different. Join us as Rick discusses what you need to do both emotionally and financially to prepare for the 2024 election outcome.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive making them.
Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions by integrating financial planning. He blends the nuts and bolts of financial advice with the emotions that drive making them and shares them on his financial therapy podcast.

In this podcast episode, we're diving into the critical role that emotional intelligence (EQ) plays in your financial success. Understanding and managing your emotions is key to making smart money decisions, and we're here to help you assess where you stand. We’ll explore ten definitive ways to evaluate your EQ, from recognizing emotions, emotional regulation, relationship health, and handling criticism, they all have an impact on your financial well-being. Whether you’re struggling with sticking to a budget or feeling swayed by others’ financial opinions, these insights will guide you in identifying areas for growth. Tune in to discover how boosting your EQ can lead to more confident and effective financial decision-making.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive making them.
Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions by integrating financial planning. He blends the nuts and bolts of financial advice with the emotions that drive making them and shares them on his financial therapy podcast.

Fear and frustration about Social Security's future are spreading like wildfire, especially during election seasons. Politicians have intensified these concerns, warning that Social Security will go broke by 2035. This has left many, especially younger workers, feeling bitter and anxious about their financial futures. Stories of individuals doubting they'll ever see the benefits of their contributions highlight a growing sense of hopelessness. However, experts assure that a complete collapse is highly unlikely, with payroll taxes continuing to fund most benefits. Cognitive biases like the Availability Heuristic, Confirmation Bias, and Negativity Bias are at work, making these alarming statements seem more believable and widespread. It's essential to navigate these fears with accurate information and not let alarmist rhetoric dictate our financial planning.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive making them.
Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions by integrating financial planning. He blends the nuts and bolts of financial advice with the emotions that drive making them and shares them on his financial therapy podcast.