Category: Retirement Income

Behavioral Economics-A ‘Nobel’ Idea

For most of the financial services world, it has been clear for some time that humans are irrational and act in ways that are not conducive to their own financial wellbeing.  Much of our understanding can be credited to Professor Richard H. Thaler, a pioneer of the discipline...

The Low of Market Lows: Part 2

Staying Calm in Hazardous Conditions There is a common phrase in the world of finance that ‘you can’t eat risk-adjusted returns’. Most people understand investment returns—making or losing money. Few people understand standard deviation, volatility, and risk-adjusted returns. Investing toward a goal is very similar to a cross...

The High of Market Highs: Part 1

Shooting the Rapids Toward Retirement Whitewater rafting is an invigorating experience which draws a global delegation of adventure tourists to our mountain regions each summer. Like many thrill-seeking activities, the rush of shooting the rapids unleashes a full panel of “happy chemicals”— adrenaline, dopamine, and endorphins—which heightens our...

Marriage & Money: Making Financial Decisions Together

I recently spoke with businessinsider.com about the actions couples can take to have a financially successful marriage.  It all begins with open and honest communication.  I encourage each partner to share not only their financial information–retirement and investment account balances, credit card and other debts, spending habits, etc.–but...

In the Sea of Sameness

In the sea of sameness set yourself apart and say something different. In an industry full of copycat products and similar solutions (albeit with different color schemes and logos affixed to the top of the proposals and marketing materials) consider offering something uncommon….. real value. We are open...

Retirement Got You Spooked?

In the spirit of Halloween, I recently spoke with Maryalene Lapoinse, a writer for US News and World Report, about the issues that spook retirees and how to calm their fears. When we first meet with retirees or soon to be retirees they often confide that one of...