Danny Kahneman’s Best Idea
We need to face reality. You’re in trouble if losses cause you to overreact or make big mistakes at the worst possible moments.
We need to face reality. You’re in trouble if losses cause you to overreact or make big mistakes at the worst possible moments.
People make a huge mistake when they overlook the amazing value that Social Security plays in a long-term retirement plan.
The problem I want to highlight today is the investor who thinks, “I’m all passive, therefore I’m all set.”
My friend’s daughter (~21 years old) just bought her first car. It was a big financial move, and she had lots of options. For better… Read More »Financial Flexibility
We’ve all heard the concept of “return on investment”. But what about “return on sleeplessness?”
“You can’t control the waves, but you can learn to surf.” Investors needs to learn to “surf” whatever the market throws at them.
After a few real-life conversations and my running the math, I’ve decided that a “50/50” rule for college saving achieves the best of both worlds.… Read More »Dear Parents: Follow The 50/50 Rule for College Saving
I didn’t know how to pronounce Les Miserables until 2017. Now I know all the songs. My wife bought us tickets to the show for… Read More »“Boring” Money Topics That I Find Fun
After I wrote a simple primer on Roth conversions a couple weeks ago, several readers reached out asking for more details. A few specific snippets… Read More »The Powerful Benefits of Roth Conversions
I don’t usually dive into odd niche topics like this, but I just spent 12 hours car shopping over the weekend. That’s a lot of… Read More »Are Hybrid Cars Worth the Extra Cost?