Episode #51

20/20 Money Episode # 51 – Updates, Clarifications, and Anchoring Bias

October 28, 2019

Hello, and welcome to this episode of 20/20 Money! In today’s episode, I spend the first part clarifying and expounding upon two previous shows and topics that we’ve discussed and then finish it up by talking about a relevant topic that has come up both in my personal life as well as with a number of clients over the past couple of weeks.

The first part dives into a few more clarifying points about disability insurance that was shared with me by a listener of the show and the second topic provides some clarification around the net investment income tax as it relates to the sale of a practice. I wrap it up by talking about something called anchoring bias, what it is, and how you can identify if it’s something that’s influencing your own decision making in your personal and/or professional lives.

It’s getting to be that time of year where year-end discussions should be taking place with your team of advisors to understand the current state of your financials which can also help guide any end-of-year decisions that not only impact 2019 but also potentially impact 2020. If you’re interested in learning about those conversations we’re having with our ODs, don’t hesitate to head to integratedpwm.com and schedule a no-obligation 15min Pre-Discovery conversation to learn more.

And with that introduction, I hope you enjoy this episode of 20/20 Money.

Resources:

https://www.linkedin.com/in/craig-goldslager

www.integratedpwm.com/42

www.integratedpwm.com/47

Episode Transcript

Enjoy our content? Subscribe for regular updates!

Related Podcasts

20/20 Money Episode #275 – An optometry practice “cold start” update with Drs. Bob Steinmetz & Eric Baas, OD from iCare Advisors

Welcome to this episode of 20/20 Money! My guests on today’s show are Drs. Eric Baas and Bob Steinmetz, co-founders…

20/20 Money Episode #274 – Insights into practice financing and lending for optometrists with Kevin Wills from PNC Bank

Welcome to this episode of 20/20 Money! My guest on today’s show is Kevin Wills. Kevin is Sr. Vice President,…

20/20 Money Episode #273 – I’VE BEEN HACKED (AGAIN!!) – Another 20/20 Money Takover with Drs. Chris Wolfe & Kyle Klute, OD

Welcome to this episode of 20/20 Money! My guests on today’s show are two more of my favorite people in…

20/20 Money Episode #272 – Weathering life’s storms: The importance of Resiliency with Dr. Ted McElroy, OD (Part 2)

Welcome to this episode of 20/20 Money! My guest on today’s show is Dr. Ted McElroy. This is part two…

20/20 Money Episode #271 – The importance of vulnerability in leadership with Dr. Ted McElroy, OD (Part 1)

Welcome to this episode of 20/20 Money! My guest on today’s show is Dr. Ted McElroy. This is part one…