Retirement Planning – The Financial Puzzle Playbook

Understanding the Psychology of Money with Brendan Frazier – Part 2 (Ep. 18)

By The Financial Puzzle Playbook | January 22, 2025

What if money could buy happiness?

In this episode, Jim Sumpter, CFP®, and Brendan Frazier, Chief Behavioral Officer at RFG Advisory, continue their conversation about understanding the psychology of money with a focus on whether money can buy happiness. They unpack this fascinating question by diving into the often-overlooked connection between financial planning and happiness. A personal journey through the emotions and psychology of money, they explore how intentional spending can bring joy and fulfillment.

Jim and Brendan discuss:

(02:00) Understanding the real value of money
(10:00) How life events reshape your financial mindset
(22:00) The impact of intentional spending on happiness
(29:00) Behaviors around investing and how to navigate uncertainty
And more

Tune in to discover how organizing your financial puzzle with a focus on cash flow and intentionality can lead to a more meaningful, happier life. Whether you’re a rookie in financial planning or a seasoned pro, this conversation will resonate with anyone looking to make smarter financial choices.

Connect with Jim Sumpter:

Connect with Brendan Frazier:

About our Guest:

Brendan Frazier is the Chief Behavioral Officer at RFG Advisory.

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Maximize Your Retirement Savings: Tips on 401(k) and Roth 401(k) (Ep. 11)

By The Financial Puzzle Playbook | October 2, 2024

Are you making the most of your company’s benefits? Dive in to uncover how to maximize your 401(k), 403(b), and other investment options within your employee benefits package.

In this episode of The Financial Puzzle Playbook, Jim Sumpter dives into the intricacies of 401(k) and 403(b) plans, comparing Roth and traditional options. He discusses the importance of employer matching and shares tips on navigating investment choices, ensuring you get the most out of your benefits. Discover the intricacies of traditional and Roth 401(k) plans, learn the impact of employer matches, and gain insight into how vesting schedules work. Jim also explores vesting, the importance of matching contributions, and tips for choosing investment options that align with your retirement goals.

Jim Sumpter, CFP®, discusses:

A breakdown of the difference between traditional vs. Roth 401(k) options and their tax implications
Why you should always contribute at least enough to get the full employer match
Tips on selecting investment choices within 401(k) plans, including target date funds
Rebalancing your investment portfolio to align with your financial goals
And more