Behavioral Finance Video: PRAGMATIC PERSPECTIVES Year-to-date, the stock market is down 18%. Bonds are down 15% and the supposed inflation-fighting asset class of gold is down 10%. Many financial experts are pontificating where inflation and the markets will go from here. But market forecasts are seldom accurate. At the beginning of the year several well-known…
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5 Ways to Maximize your Employee Benefits
5 Ways to Maximize your Employee Benefits Looking through an employee benefits packet can be overwhelming, especially if you just started a new position. But the decisions you make about your benefits now could potentially have a large impact on your future finances. Here’s five important areas to pay attention to during your enrollment period: 1….
Taking Care of Medicare in the United States
Taking Care of Medicare in the United States In the United States, Medicare can be a confusing subject to navigate, especially alone. With the annual enrollment period open from October 15th through December 7th, now is a good time to review current coverages as well as what’s available to you. Susan Lucas, a licensed insurance…
Cash Isn’t King: Avoiding Hindsight Bias In Turbulent Markets
Cash Isn’t King: Avoiding Hindsight Bias In Turbulent Markets As we fully enter the fall season, the markets continue to seesaw dramatically. Some are lamenting why they weren’t in cash from January. We all see the beginning-of-year values on our statements and can experience something called ‘hindsight bias’ – a not-infrequent tendency for investors to consider…
How Professional Organizers Can Help with the Divorce Process
How Professional Organizers Can Help with the Divorce Process Divorce is not just a painful process for all involved, it can also be complicated and difficult to navigate. Even after settling big issues like custody of children and division of financial assets, there are still all the details involved with turning one household into two….
Managing Divorce With Children
Managing Divorce With Children Divorce is never easy. It can be a painful situation for everyone involved, especially children. Divorce attorney Paul Seabrook likens the process to a house fire. It can catch children by surprise, creating a sudden need for an emergency response team to do damage control and help everyone come to terms…
VIDEO: Behavioral Finance – Investing in a Bear Market
Behavioral Finance Video by Jay Mooreland, MS, CFP® INVESTING IN A BEAR MARKET Investing in bear markets can be scary. Anxiety, concern, and fear are normal to feel. Negative outlooks often accompany bear markets, such as increasing inflation, interest rates, and possibility of a recession. Investors may be tempted to sell their investments and transform…
Is 2022 Wiping Out My 2021 Retirement Plan? – Webinar Replay
Webinar Replay Is 2022 Wiping Out My 2021 Retirement Plan? A LIVE DISCUSSION Thanks to those who attended our LIVE DISCUSSION via Zoom. Below is the video of our meeting if you’d like to watch it again. If there are any other financial questions that Erik or I could answer for you, feel free to…
Chasing Returns to Get to Safety
A favorite (and costly) pastime of investors is to invest in assets that have recently done well. This happens in good times as investors seek better returns, and they happen in bad times as low-yielding investments such as cash are more attractive than money-losing stocks. In other words, investors chase returns. I have listened to…
REAL FINANCIAL PLANNING FOR HENRYs
4 Ways High Earners Can Strategize for the Future
Are you a HENRY? If the term is new to you, HENRY is an acronym for High Earner, Not Rich Yet. It describes younger, high-income professionals who have the potential to accumulate wealth in the future. This post is for the HENRYs. You may know the basics when it comes to how to budget and…