Pete the Planner: Stop crossing your fingers. Start forecasting instead.
The first directive is to create a realistic and achievable long-term financial plan.
Investing Column
Articles
Pete the Planner: Two-timing your financial advisers isn’t the way
You’re clearly not winning, your advisers are undoubtedly frustrated by you, and frankly I’m frustrated by this situation too.
Mickey Kim: Not-so-shocking truth: Investors are own worst enemy
The investors’ mantra to “buy low, sell high” seems both simple and easy, but unfortunately, we humans are hard-wired to do just the opposite, and our bad habits of “chasing performance” and trying to “time the market” cause us financial harm.
Pete the Planner: To feel good, you need to really know your finances
I know people can take great comfort in hearing, speaking or reading their high annual wage, but I also know that income is only one side of the ledger.
Jalene Hahn: Close the purse strings on your adult children—gently
While our children are important, at some point, parents need to stop subsidizing their everyday expenses.
Pete the Planner: When you get the chance to exhale, be proactive
You always need a short- to mid-term financial goal. Always.
Mickey Kim and Roger Lee: Fitch downgrade a warning U.S. approaching a reckoning
Fitch warned on May 24 its AAA rating for the United States was at risk as the June 1 “X-Date” on which the country would default rapidly approached.
Pete the Planner: Plan for 8% return rate on retirement funds
Still to this day, plugging absurd average returns into financial-planning calculators tickles my soul.
Jalene Hahn: Here’s how different generations view parents’ financial support
Supporting adult children financially has become a common practice in modern times.
Pete the Planner: How I’m trying to get through the ‘treadmill years’
I’m in an expensive season of life.
Mickey Kim: Will ‘bull market’ continue or are stocks poised for a tumble?
Taking a walk down “Memory Lane” sometimes brings back painful memories but can also reinforce important lessons.
Jalene Hahn: Honest communication makes transferring wealth successful
Traditionally assets have been prepared for the transition, while little focus is given to the inheritors.
Pete the Planner: Here’s the recipe for winning the financial game
I’ve seen so many people have 50-point leads going into the third or fourth quarter but somehow end up clutching a defeat from the jaws of victory.
Mickey Kim and Roger Lee: FedNow service will revolutionize, disrupt payments
The widespread adoption of smartphones led to the creation of an entire industry promising to make transferring funds quick and easy at any time, day or night, with a couple of clicks.
Pete the Planner: The good, the bad and the ugly of the current economy
It’s wild to think back to the despair we felt some 38 months ago and realize we came out the other side of that nightmare in a better financial place.
Pete the Planner: Can a planned retirement fail? It most certainly can.
There’s a rather simple way to determine whether you’ll be able maintain your current lifestyle in retirement: Calculate your projected retirement income and then see if your lifestyle fits into it.
Mickey Kim and Roger Lee: Debt-ceiling brinksmanship is the ‘sword of Damocles’
To gain a better understanding of the debt ceiling, think of the federal government as your spendthrift friend who, despite best intentions, consistently spends more than he earns.
Jalene Hahn: Link between mental health and financial health
Mental health challenges such as anxiety, depression and bipolar disorder can make it difficult to perform daily tasks and maintain healthy relationships.
Pete the Planner: Don’t let lifestyle creep ruin your retirement
A pay raise is more likely to make retirement harder, not easier.
Mickey Kim: Biases can destroy NFL Draft, investor returns
The NFL Draft and securities markets both provide researchers with huge amounts of data for analyzing judgment under uncertainty and decision under risk. Research leads to understanding how NFL general managers and investors make choices when resources are at stake and the outcome is unknown. In other words, you discover how forecasts are made and […]