Housing Market Shows Risk of Expert Predictions

Investment success requires that a person have a high tolerance for boredom, which means turning a deaf ear to the financial press’s investment panic-de-jour. It’s good for your financial health to avoid following the advice of prognosticating financial...

Financial Planner Retiring? Team Approach Eases Transition

One of the most common reasons new clients seek me out is the loss of their long-standing financial advisor. It’s not unusual for someone to have been with the same advisor for decades. I have clients that have been with me for over 40 years. In my experience, the...

The Harmful Power of Mistaken Money Beliefs

I often say that understanding money and how it works is a 21st Century survival skill. This is not an exaggeration. What you don’t know about money—as well as what you think you do know about money—has the potential to literally kill you and those you love. A...

“You’re It.” Financial Caregiving and Money Beliefs

“Mom, I can’t take time off work today to take you to your doctor’s appointment, so I’ve arranged to pay for an Uber driver instead.” The elderly parent’s need for transportation is met. The son or daughter’s obligation and...

When Tax Deductions Cost You Money

How much is a tax deduction worth? Maybe less than your money scripts would have you believe. Here are some common ways that over-emphasizing deductions may reduce your tax bill, but actually cost you more money than you save. 1. Maintaining a Home Mortgage. “I...

Inflated Fears of “Rigged” Markets and Hyperinflation

Our economy is recovering; the stock market is booming. Yet I’m hearing investors express much more fear now than they did last March when the stock market was falling off a cliff. I see a couple of reasons for this. First, market movements are largely emotional...