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 | Aug 17, 2016 | Economy, Uncategorized
Recently we introduced The Money Management Tool to help clients better organize their financial lives. The tool has lots of features and we will occasional explain how some of the features are being used by our clients (or should be used) to help them reach their...
by Michael Lecours | Aug 17, 2016 | Asset Allocation, Finding Confidence, Investment Behavior, Uncategorized
Recently we introduced The Money Management Tool to help clients better organize their financial lives. The tool has lots of features and we will occasional explain how some of the features are being used by our clients (or should be used) to help them reach their...
by Michael Lecours | Aug 1, 2016 | Saving, Saving for College, Uncategorized
Someone can reach an ambitious financial goal (such as saving for college education) despite having limited cash flow available to fund the goal. The goal can be accomplished by using a creative saving strategy called a serial payment. Many clients that I have worked...
by Michael Lecours | Jul 30, 2016 | Saving, Saving for College, Uncategorized
In a recent post, I argued that there is a flaw in the most common approach saving for a big goal like college education. I argue that in some cases, saving for a goal should be done the way you would if you were to begin training for a road race. If you begin to...
