In the investment world, the recent meteoric rise of Bitcoin has become a topic of intense discussion, stirring a complex mix of excitement, speculation, and, for many, a palpable sense of FOMO (Fear of Missing Out). Let’s delve into the dynamics behind Bitcoin’s surge, the psychological pitfalls of FOMO for investors and retirees, and weigh the risks against the potential benefits of incorporating Bitcoin into one’s investment portfolio. Read More
Wall Street vs. Main Street vs. Wall Street
In the world of finance, two distinct terms often arise: Wall Street and Main Street. These terms represent different aspects of the financial world, but they also share some similarities. Let’s delve into both the differences and similarities between Wall Street and Main Street and how they impact investors. Read More
Activity Does Not Equal Control
Most financial advisors and investors get a false sense of security by believing that the more movement you make in your portfolio the more in control you are and the better your portfolio will perform. If are constantly moving, you are actually doing something. Read More
Retirement Part 2 – Unretirement
Welcome to the dynamic world of unretirement! Contrary to traditional views, retirement does not necessarily mark the end of one’s professional journey. Those who are willing and able have the liberty to re-enter the workforce at their discretion. Read More
Why Financial Media Is Obsessed with Economic Apocalypse (And Why You Shouldn’t Be)
In an age where 24-hour news cycles and breaking updates ping our smartphones by the minute, one cannot help but notice a recurrent theme in financial media: the obsession with economic doom and the end of the world as we know it. From market crashes to currency collapses, these apocalyptic predictions have become as predictable as the morning’s sunrise. But why? And should investors really be on high alert? Read More
Key Ages in Your Retirement
Many investors look ahead to certain events in their lives as they plan their retirement. These are mostly age-based milestones, the times when investors make financial decisions that will affect their retirement for better or for worse. Read More
The Inflation that Never Leaves
Finding yourself surprised by the rising costs of everyday purchases? You’re likely coming face-to-face with the economic phenomenon known as ‘sticky inflation’. Read More
Don’t Fall for Fancy Math
Once upon a time, in the ever-fascinating world of finance, the siren call of complex charts and mind-boggling excel sheets beckon. Cloaked in a wizard’s robe, the financial planner appears with a twinkle in his eye, pulling you into the maze of retirement planning. They allure you with tales of turning your hard-earned $100,000 into a magical $1,000,000 retirement portfolio. And as mesmerizing as it sounds, I’m here to be your reality check. Don’t fret, the journey to the financial fountain of youth isn’t as arcane as it seems. So, buckle up as we deep dive into the wild world of retirement planning, debunking myths, and sprinkling reality checks along the way. Read More
Why Rollover Your Employer Retirement Plan Into An IRA
In the world of retirement planning, one of the decisions that people often face is what to do with their employer-sponsored retirement plans when they leave their job. Whether you’re transitioning to a new employer or stepping into retirement, it’s crucial to make informed decisions about your retirement savings. One option that many individuals consider is rolling over their employer retirement plan into an Individual Retirement Account (IRA). Here, we delve into the reasons behind this popular choice. Read More
Why the Government Loves Your 401(k)
You’ve probably heard the phrase, “There’s no such thing as a free lunch,” but when it comes to tax-deferred retirement accounts, it might seem like the government is offering just that. A closer look, however, unveils an intriguing retirement strategy that benefits both parties: the individual saver and the government. It’s a tale of tax-time savings for you and eventual tax revenue for Uncle Sam. Read More