Bridging the Between Gap

“Most children threaten at times to run away from home. This is the only thing that keeps some parents going.” –Phyllis Diller For 18 or so years, your parents raised you. They gave you a home, clothing, food, and love. They carried you to soccer games, plays, slumber parties, amusement parks, and a host of […]

Leave Forecasting to the Weatherman

“Prediction is very difficult, especially if it’s about the future.” –Nils Bohr “Weather forecast for tonight: dark.” –George Carlin As we saw in “Do You REALLY Know How You Would React if the Stock Market Dropped by 20 Percent,” the personal finance industry loves their risk tolerance questionnaires. They think that you’re going to be […]

Making Money in Your Investments Doesn’t Make You a Great Investor

“The one thing that unites all human beings, regardless of age, gender, religion, economic status, or ethnic background, is that, deep down inside, we all believe that we are above-average drivers.” –Dave Barry Do you think that you’re a good driver? You probably do. Why do you think that? You’ve probably only been in a […]

Do I Really Need Life Insurance?

Q : What’s the difference between an insurance company CEO and the mafia don? A : The insurance company CEO can tell you how many people will die this year. The mafia don can tell you the names of all of them. I recently had a tenant pass away, leaving his wife and three children. […]

Where’s Waldo? My Recent Appearances

Occasionally, others ask me to share some insight with their audiences on a variety of personal finance topics. I’m always grateful to them for sharing the opportunity. Here are a few of my recent appearances for (what I hope is) your reading pleasure: Clark Howard | Hyperbolic Discounting: The Psychology Behind Getting Clark Smart How […]

How Much Retirement Does $1 Million Buy?

“If it weren’t for baseball, many kids wouldn’t know what a millionaire looked like.” –Phyllis Diller One of the most commonly asked questions I get as a financial planner is “when can I retire?” followed by “how much money do I need to retire?” The answer, of course, is “it depends.” How much you need […]