Stressful events can trigger our “fight or flight” response and lead us to make bad decisions. This response is triggered by the part of our brain called the amygdala. Paul brings on advisors Anne, J.D., ChFC, and Arlene, ChFC®, CLU®, CDFA®, to discuss how this affects investing, and how you can learn to overcome these emotional responses to make better decisions. How many IQ points are lost during a fight or flight reaction? Stay tuned. Seeking to avoid financial mistakes during the downturn? Learn from Paul through a free webinar, available at www.paulwinkler.com/webinar. This is hour 2/3 recorded on May 16, 2020.
Paul answers a listener who wants to know more about life insurance retirement plans (LIRPs) and if they should be used for