The Magician’s Cape Over Your Money: Why Psychophysical Responses Affect Your Interpretation of Wealth

“Illusion is the first of all pleasures.” –Oscar Wilde Some time in elementary school, you were probably asked the question about which was heavier: a pound of bricks or a pound of feathers. It was the basic test to see if you understood the difference between mass and weight. There’s an equivalent question for your […]

Will Annuities Make You Happier?

“Happiness has many roots, but none more important than security.” –E.R. Stettnius Happiness is a warm puppy. If you think about that saying, then you will soon realize that there is a lot more to the saying that simply cuddling up to a cute ball of fur. You get companionship from the dog. The dog […]

Longevity Insurance for the Long Haul

“Wal-mart… do they like make walls there?” –Paris Hilton Have you ever walked into WalMart, seen the smiling greeter at the door, who usually appears to be older than the typical retirement age, and wondered if that person was there greeting people because he enjoyed seeing everyone and wanted to be out of the house […]

Do You Have Too Much Money In Fixed Income?

“Always be nice to bankers. Always be nice to pension fund managers. Always be nice to the media. In that order.” –John Gotti As you get older, you should look at having some fixed income – bonds, annuities, etc. – in your portfolio. There are rules of thumb associated with your age, such as 110 […]

Annuity Dollar Cost Averaging

“My NFL pension can barely pay my son’s tuition. You know, it’s very little money.” –O. J. Simpson Many years ago, people worked for a company for their entire lifetimes, got a gold watch and a pension upon retirement, and were able to live on that pension for the rest of their lives. The retirement […]