• Blog
    Our Blog

Family Wealth

You and Your Biases: The Blind Spot Bias Within

August 17, 2018 — I continue today with my periodic review of investors’ most dangerous instinct-driven biases. Today, I want to talk about blind spot bias. It’s perhaps the biggest bias around, because it explains why we still fall for all the rest of them (such as recency and familiarity, where we  favor people, places and events that are more recent or familiar to us) even once we’ve learned how they trick us. 

Continue Reading

Target Date Funds: Simple May Not Be Ideal

August 3, 2018—Employers are increasingly offering Target Date Funds (TDFs), in their company retirement plans. I understand their appeal. TDFs manage themselves and are easy to understand. They’re turnkey portfolios that start with a prefab mix of stocks, bonds and cash; they then automatically shift toward an increasingly conservative, 20% stock/80% bond & cash “target” allocation by a particular year.

Continue Reading

401(k) Plan Loans: Not the No-Brainer You Hoped For

July 6, 2018—In a past column, I covered how to make the most of your 401(k) when changing jobs. As a CPA, I hate to see anyone pay unnecessary taxes and penalties, so I gave that subject top priority. Today, I’ll take on another practice that is best approached with extreme caution: borrowing money from your retirement plan account.

Continue Reading

Which is Riskier: Stocks or Bonds?

June 8, 2018—Which are riskier: stocks or bonds? How about sharks vs. cows? The answers may seem obvious. But what if you’re standing in a field, and a herd of startled cows is stampeding your way? Suddenly those sharks don’t seem like such a threat.

Continue Reading

Don’t Cash Out Your Old Retirement Accounts as published in InsideNova.com

May 25, 2018—Does your company retirement plan rock or not? Either way, I believe you’ve got far more control over your financial security in retirement than you may think. Your best bet is to avoid the most common self-inflicted wounds I see people making with their retirement savings. One of the worst ones is also among the most tempting, especially for younger investors: Don’t cash out of a former employer’s retirement plan. Instead, roll the assets into an IRA or new employer retirement plan – or leave it where it’s at if that’s possible and desirable.

Continue Reading

Score One for Goliath...For Now as published in InsideNova.com

May 11, 2018—Plain and simple: If a financial professional is offering you advice about your money, shouldn’t it always be in your best interest? We think so, and have long advocated accordingly. Unfortunately, as of April 30th, big-broker “Goliath” firms scored another victory that continues to suggest otherwise.

Continue Reading

Trending Personal Finance News

white