There are Halls of Fame for musicians, athletes, volunteers, and high achievers in many other fields. My quick check on Wikipedia found over 250 of them. Yet nowhere did I find recognition for one group who richly deserves it. There is no Hall of Fame for single...
If you learned that your financial planner had their own financial planner, would you be concerned? Would you see it as a confession of incompetence or a sign of confidence and wisdom? Years ago, when I told my clients that I had a financial planner, their reactions...
One of the emotions—or more accurately, the constellation of many emotions—that financial planners often must help clients deal with is grief. It’s common for people to engage a planner during times of transition and loss such as the death of a parent or spouse....
“The Bear is coming! The Bear is coming!” Indeed it is. Should you be worried? No, if you have heeded my advice and diversified your portfolio and set aside a cash reserve. You can actually stop reading now. For everyone else, the answer is “probably...
Whenever I surf television cable news channels, I can’t help but notice the plethora of ads for financial planning. Some of them sound compelling, even to me. I often find myself thinking, “Dang, that’s exactly what we do.” Then I notice the...
In the financial therapy program that I co-founded in 2007 with Dr. Ted Klontz, we taught and practiced a lot of “mindfulness” meditation. After a meditation we would often ask, “So what does this have to do with money?” During the first part...
