By now, you’ve probably heard the news: Your own behavioral biases are often the greatest threat to your financial well-being. As investors, we leap before we look. We stay when we should go. We cringe at the very risks that are expected to generate our greatest rewards. All the while, we rush into nearly every move, only to fret and regret them long after the deed is done.
Whether it’s sudden and unexpected or after an already lengthy ordeal, there’s nothing that can prepare you for losing your spouse. Here are some helpful handholds to hang onto if you have been recently widowed (or you know someone who has), plus preemptive steps to take if you’re reading this in happier times.
That which best serves investors ultimately best serves their financial advisors as well, so we would warmly welcome a world where good advice reigns supreme. Until then, we hope you’ll be open to good advice when you hear it – the kind that sees you through turbulent times, onward to your relevant financial and life goals. If this advice sounds a little different from the typical hot investment tips or market-timing tactics you may be used to hearing, that’s because it is. May we offer you additional advice about good advice?
Are you a small business owner with mixed feelings about offering your employees a retirement plan? This quiz may help shed some new light on the topic.
Changing jobs? Let your employer know what should happen to your retirement account balance. Indecision or lack of communication on your part may mean that the money sitting in a retirement plan when you leave a job could be transferred to an IRA — or cashed out — without your consent.
Excuse me, can you tell me what kind of car is best for me? It is impossible to answer that question without getting more information…how will the car be used? The same is true when selecting a retirement plan. Although there aren’t as many makes and models, there are some significant variables, and the most appropriate option depends on some of the same factors. How will you use the plan and what is your budget?