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*Financial Awakenings

How to Know When Financial Therapy Might Help

What is a financial therapist, and how do you know when you need one? Basically, a financial therapist fills the gap between financial planners (often numbers specialists who don’t understand psychology), and therapists (often behavioral change specialists who don’t...

Are We Living In The “Good Old Days”?

For anyone following current news, whether from mainstream sources or the more extreme corners of the Internet, it may seem that the world is spiraling into chaos. That same narrative is frequently echoed by politicians and political candidates. Are things really that...

The Risk of Anchoring Investment Expectations to a Market High

Imagine that you have placed your retirement funds in a diversified portfolio which includes a portion in the stock market. A year after your initial investment, the news is buzzing with stories about record-breaking market highs. Seeing the value of your portfolio...

Can You, Too, Become an Investing Genius?

“I guarantee to make you an investment genius in six months. Send me $199, and I will reveal my secret.” Of course, I am not serious. Please don’t send me money. Please don’t send any, either, to other self-proclaimed “experts” who are serious about scamming you with...

Suddenly Single, With Wealth–Is There a Problem Here? Part Two

Being left solely responsible for wealth through divorce or widowhood later in life comes with its own set of responsibilities, opportunities, and challenges. As with so many financial life events, it is often the emotional challenges that are the hardest. 1....

Suddenly Single, With Wealth—Is There a Problem Here? Part One

Recently, a newly divorced woman in her 50’s asked me if I knew of any good books for middle-aged, single woman of wealth. My eloquent answer was, “Um, er . . . .” Others might have more flippant responses like, “Why? Where’s the problem?” It may be hard to empathize...