In this episode of Retirement Redefined, hosts Brad Gotto and Carly Carlson explore how personal experiences and upbringing shape financial decisions. They discuss the importance of understanding client mindsets in financial planning, the impact of geographical and age differences on financial perspectives, and the need for effective communication in financial relationships. The conversation emphasizes that financial decisions are not solely based on spreadsheets but are deeply influenced by emotions and personal experiences.

In this episode of Retirement Redefined, hosts Brad Gotto and Carly Carlson explore Chapter 16 of Morgan Housel's 'The Psychology of Money.' They discuss how personal experiences and upbringing shape financial decisions, emphasizing that financial choices are often influenced by emotions rather than pure logic. The conversation delves into the importance of understanding client mindsets in financial planning, the impact of geographical and age differences on financial perspectives, and the necessity of effective communication in financial relationships. The hosts encourage listeners to reflect on their own money stories and the experiences that have shaped their financial outlooks.

This week on Retirement Redefined, Brad Gatto and Carly Carlson discuss the concept of the Silver Tsunami, which refers to the wave of baby boomers retiring and the implications for small businesses. They explore the challenges of business transitions, the importance of preparation, and the various factors that affect business valuations. The conversation emphasizes the need for proper planning, understanding tax implications, and the significance of having the right advisors in place to navigate the sale process effectively.