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Asset Protection

Any Bank Can Fail; Why There’s No Need To Panic

I’ve received more emails and calls from clients on the failure of SVB Bank than I did the stock market crash in April of 2020. That tells me there is wide concern today about the stability of the economy and financial markets. When you listen to politicians and...

Your County May Offer Free Real Estate Title Monitoring

Even after 40 years of specializing in all things financial, I constantly learn new things, often from readers. My most recent teacher was Eugenia (Gene) Thornton, the Recorder of Deeds in Kent County, Delaware. She emailed me in response to an interview on identity...

Ask For Transparency, Not Just Honesty, From Financial Advisors

Transparency is a highly valued attribute that is routinely promised—and frequently undelivered. In fact, it often seems that the more loudly transparency is touted, the more opaqueness is practiced. Perhaps Shakespeare’s famous line from Hamlet, “The lady doth...

Identity Theft Is No Laughing Matter

The style of a recent email I received from a client made me laugh—even though the subject matter wasn’t funny. “Hi Rick! We received a letter from Discover denying an application for their credit card due to our credit history. We did not apply for their card. I told...

Couples With Income Inequality, Part 2

Last week I described three common dynamics in couples where one partner is much wealthier than the other. Those are the “Funder and Beneficiary” where the wealthy partner pays for everything, the “Proportional Spenders” who contribute based on their income, and the...

More Cognitive Biases That Can Cost You Money

Last week we looked at four types of “stinking thinking,” cognitive biases that can contribute to poor investment decisions. Here are six more. Monte Carlo Fallacy. This is placing too much emphasis on the likelihood of an event happening, just because it...