In episode four, the team discusses the drawbacks of short-term thinking when it comes to financial planning. Why do people have trouble understanding certain concepts – even when the long-term benefits are so clear? And what is it about our collective psyche that contributes to avoiding short-term pain in the name of longer-term gain? The team touches on multiple strategies that fit this category – Roth conversions, tax-loss harvesting, stock option management, and planning for your heirs and beneficiaries.
