by Michael Lecours | Oct 14, 2016 | Finding Confidence, Investment Behavior, Retirement, Saving, Saving for College, Uncategorized
“ I want to save for retirement, but I can’t afford to do so right now.” This is a common complaint we hear, especially with our younger clients. They are dealing with debts, saving for their children’s education, and even helping to take care of their aging parents....
by Michael Lecours | Aug 20, 2016 | Finding Confidence, Investment Behavior, Investment Strategies, Retirement, Uncategorized
Stay the course. That’s the secret. The pain we experience when we see the account balance drop is much greater than the joy we feel when we see the account balance increase by the same amount. Imagine you have a retirement account with $500,000 in it and it declines...
by Michael Lecours | Aug 18, 2016 | Finding Confidence, Investment Strategies, Personal Development, Retirement, Saving, Uncategorized
The story about a couple’s desire to retire in 4 year is compelling. They have applied many of the important financial planning concepts: 1) The plan to live a very modest lifestyle in retirement – They plan to need 30,000 a year in retirement. 2) They have cut and...
by Michael Lecours | May 20, 2016 | Retirement, Uncategorized
In a recent Bankrate.com survey, older Americans regret: Not saving enough for retirement Not keeping enough set aside for emergency expenses. You can read more about it here
by Michael Lecours | May 10, 2016 | Investment Behavior, Retirement, Rule of Thumb, Uncategorized
Mistakes in retirement can be costly and unfortunately very common. Money magazine’s recent article captures 15 examples. While I have seen every one of these 15 mistakes actually happen, the most common issue I’ve seen this year is Number 7 on the list: Not knowing...
by Michael Lecours | Mar 24, 2016 | Finding Confidence, Investment Strategies, Personal Development, Retirement, Rule of Thumb, Uncategorized
I recently read Carl Richard’s “The One-Page Financial Plan” and was impressed with Richard’s approach to working through some complex financial issues. In particular, he focused almost exclusively on the emotional issues that investors face. What does money...
