An orchestra is merely a collection of instruments, each creating a unique sound. It is only when a conductor leads them that they produce the beautiful music imagined by the composer. The same can be said about your retirement strategy.
One of the most well-known investors of the 20th Century, Benjamin Graham, said, “the investor’s chief problem – and even his worst enemy – is likely to be himself.” What Graham understood – and modern research is catching up to – is the idea that we all have emotions and biases that affect our decision-making. The innate wiring built to survive premodern times can be counterproductive in our modern world, especially when it comes to investing.
Let’s take a quick look at a few of the human emotions and biases that can adversely impact sound investment decision-making.
You’ve lived a robust life; you’ve been independent. But now you’re at a point in life when you need a little help. You need some assistance with living. So, you’re thinking of making a transition to assisted living, to a comfortable and affordable facility that will suit your needs and desires. But you’re a little nervous. You’re not sure how to do it. And you’re not sure where to go. This scenario may apply to a parent, a relative, or a friend. And you want to help. Here are five tips to get you moving and to ease the transition for yourself or for a love one…
The SECURE Act (or “Setting Every Community Up for Retirement Enhancement Act”) was passed at the end of 2019, with most provisions going into effect on January 1, 2020. It’s not often that such sweeping legislation is passed, and while it’s not a massive upheaval, the new rules are expected to cause changes to some retirement strategies. For others, new opportunities may be revealed…
With the arrival of spring comes inevitably the time for spring cleaning. And what better to spring clean than your finances? So, how do you spring clean your finances? How do you prepare your wealth for the summertime? Get out your metaphorical broom and sponges and let’s get started.
As we embark on a new decade, it’s
natural to wonder about what lies
ahead. A century ago, they called them
the “Roaring Twenties,” but what will
be the hallmark of this era? We can
be sure it will bring both challenges
and opportunities. The new year is a
great time to evaluate our goals, make
course corrections, and give ourselves
permission to dream big.
Everything you own, right down to that set of fancy golf clubs, may be part of your estate once you’re gone, and a comprehensive estate strategy is crucial for multiple reasons. But a truly great estate strategy protects more than just your wealth: it also helps protect those you love, easing the stress they may experience upon your passing. For many of us, our non-human loved ones are part of the family. Let’s take a look at how you can provide for their future.
As we go through life, we pass milestones that mark transitions into different phases of life. Financial transitions accompany these turning points. Our goals change and our priorities shift in response to these changing life needs.
Charity. It’s just a 3-syllable word, but it reaffirms the deeper side of the human heart: its innate desire to sacrifice for love’s sake, its selfless acts of improving the lives of others, and its humble expressions of caring and compassion. This is where life ought to begin.
Keeping your house warm in the winter or cool in the summer can
get costly during more severe seasons of weather extremes.
While paying our utility bills may seem unavoidable, what if we
could cut costs by harnessing the energy of the sun?
