Pete the Planner: What is life’s most difficult financial task?
I’d now like to introduce you to my candidate for the most difficult financial task a person must accomplish in a lifetime: decreasing an established lifestyle.
Investing Column
Articles
PETE THE PLANNER: As pandemic eases, lifestyle spending will increase
The housing market is red-hot, the travel industry is on the verge of poetic justice earned by a year lost, and certain consumer goods are increasingly difficult to find.
Investing: Bitcoin skyrocketed, but is it ‘digital gold’ or ‘fool’s gold?’
It’s hard enough to make money in things you think you understand, and it’s critically important to know what you don’t know.
Jalene Hahn: Don’t wait: Have the money talk before you tie the knot
Existing debt is often a contentious topic especially if one party has a disproportionate amount. Deciding how to tackle the debt will impact other priorities.
Pete the Planner: Encourage grads to start saving for retirement now
New grads will face many challenges, but if they address the retirement challenge from the very beginning, everything else will fall into place.
Pete the Planner: Life insurance is an important financial-planning tool
Twenty years ago, you took action on a major hole in your financial plan and then spent the last 20 years making the best of the time you bought yourself.
Jalene Hahn: Why smart people do dumb stuff with money
This irrational behavior is the underpinning of behavioral finance, the study of the influence of psychology on the behavior of investors.
Pete the Planner: To sell your home or not (in a seller’s market)
The trick is to understand whether you’ve put yourself in a position to ignore the financial ramifications of a seemingly fortuitous opportunity.
Pete the Planner: Minimalism means less stuff, more enjoyable experiences
The way I figured, as long as I didn’t have a storage unit, or even a garage I couldn’t pull my car into, I was doing just fine.
Pete The Planner: Give your relationship with money permission to change
I believe the ability to change your personal financial philosophy is a wonderful privilege that many people simply ignore, if not deny.
KIM: Has GameStop ‘flash mob’ changed rules for investing?
When the memes stop, the excitement fades and the GameStop mania has run its course, what will be left is the underlying business.
Jalene Hahn: Financial planner, adviser, broker? What’s in a name?
Most titles are for marketing purposes and are generally meaningless. Marketing pitches lead you to believe there is no distinction among different types of financial providers.
Pete the Planner: Don’t share details with kids until you have to
Those very close to you—even well-adjusted adult children raised by you—will struggle to contextualize your balance sheet, which often becomes a detriment to their financial existence.
Mickey Kim: Pandemic reinforces truths of market volatility, forecasts
Successful investing is simple but not easy. Patience and discipline are virtues because they aren’t easy, yet they are essential for your success.
PETE THE PLANNER: Steer clear of sharing details of your finances with friends
Context is everything, and there’s no way you’ll ever have enough context to understand another person’s financial life, especially in casual, social settings.
HAHN: Reflecting on lessons learned in 2020
I hope you take time to reflect on your personal priorities, what positive habits you have developed or been forced to adopt and make changes that will help you reach your goals.
PETE THE PLANNER: Turn the page on 2020, but remain vigilant in the new year
Our year-end household financial meeting has become something we look forward to as late December ticks on.
Mickey Kim: Plan ahead so that chaos, conflict, cost aren’t part of your legacy
Failing to plan for your end of life or incapacity can add unnecessary suffering for your loved ones during an already traumatic time.
Pete the Planner: Reduce expenditures to get your retirement ship on course
Not needing a lot of money is a better strategy than having a lot of money.
HAHN: Don’t let pandemic drag down your finances
The stress of 2020 could really mess with your decision-making and good financial intentions.