Blog Posts
How to Protect Yourself From Identity Theft
In the weeks that followed the Equifax data breach, our office received about a dozen calls from clients about what should be done to protect themselves from the data breach. It’s understandable given how much it has been in the news. But the shocking issue to me is...
A 28 Mile Day Hike with Finance Nerds
In what is going down as the weirdest and best experience of the year for me, I recently completed a 28-mile day hike with 60 other finance professionals to remember the soldiers who had fallen in battle. Among those who I hiked with was a journalist from the New York...
Earnings
I thought I would do a review of recent earnings of the S&P 500. Recall that earnings* for the 500 largest U.S. companies, the S&P 500, are reported in two ways. The first is GAAP (Generally Accepted Accounting Principles) earnings. This number is the one...
A Simple Strategy To Save a Million Dollars (And Why It Is So Tough)
Over the last few years, I have worked with a lot of young families to plan how they will save for retirement and fund education costs for their children. Their problem was simple: they knew they needed to save more but they didn’t know where to trim their budget. ...
How Retirement Planning Goes Off Track
Money Magazine’s August issue had a very good (but perhaps too short of an article) on five common reasons someone’s retirement dreams never actually become a reality or become a reality much later than originally planned. I have summarized the major derailing...
Financial Planning Flowchart Introduction
How Prospect Theory Affects Investment Decisions
Daniel Kahneman, a 2002 Nobel memorial prize recipient in economics had stated that people might drive all the way across town to save $5 on a $15 calculator but wont drive across town to save $5 on a $125 coat. Even though the end result is the same, more people...
Following the Herd
The following post comes from Edward, our summer intern. He has been helping me prepare for a presentation later this summer on behavioral finance. What follows are some really interesting comments about how our own behavior can affect our financial decisions... and...
How To Retire Early: A Critique of A Widely Shared Article
Recently, an article has been floating around the internet that presented a simple strategy to retire early. It seemed too good to be true. The gist of it is "Even by simply upping your savings rate from 10% to 20%, you could shave off over 14 years from your...
Three Practical Articles To Get You On Track For Retirement
Good overview of Retirement Planning. How to Turn a Glass of Wine Into A $173,000 Bump in Your IRA 7 Often-Overlooked Great Reasons To Use A 401(k) Account
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