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Accounting for Spending

It’s a common trope among certain types of financial planners: “Save more, spend less… and don’t do anything stupid.” So celebrated is the phrase with some advisers, organizers of a recent conference emblazoned it across baseball caps – attendees proudly

It’s a common trope among certain types of financial planners: “Save more, spend less… and don’t do anything stupid.” So celebrated is the phrase with some advisers, organizers of a recent conference emblazoned it across baseball caps - attendees p...
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Target Spending, Not Income, In Assessing Your Retirement Needs

“It’s the economy, stupid” is a phrase widely used during Bill Clinton’s 1992 presidential campaign. Generally attributed to Clinton political strategist James Carville, the phrase is often repeated in American political culture, with commentators sometimes using a different word in

“It’s the economy, stupid” is a phrase widely used during Bill Clinton’s 1992 presidential campaign. Generally attributed to Clinton political strategist James Carville, the phrase is often repeated in American political culture, with commentators so...
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Self Employed? Pay Too Much Tax?

Working for yourself has its perks. In theory there’s more autonomy when you’re calling the shots. But that autonomy often comes at a cost. Taxes can be particularly burdensome on the self-employed. And the recent Tax Cut and Jobs Act of

Working for yourself has its perks. In theory there’s more autonomy when you’re calling the shots. But that autonomy often comes at a cost. Taxes can be particularly burdensome on the self-employed. And the recent Tax Cut and Jobs Act of 2017 (TCJA) re-shuffles the ...
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What My Dad’s Death Taught Me About Personal Finance

My father was fifty-one when he died of cancer. And with the exception of a house, a mortgage, and a little life savings – he died penniless. Dad loved to fly. He became a flight instructor to help pay for

My father was fifty-one when he died of cancer. And with the exception of a house, a mortgage, and a little life savings - he died penniless. Dad loved to fly. He became a flight instructor to help pay for his hobby, as a ...
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When Nothing is Certain, Far More is Possible

Too often I believe, people hesitate to hire a Certified Financial Planner™ professional because they don’t even know what’s possible.

Too often I believe, people hesitate to hire a Certified Financial Planner™ professional because they don’t even know what’s possible. One of the reasons we don’t see possibility is that we tend to focus on ...
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The Problem with Problems

Psychologist Daniel Kahneman is considered by many in my profession be the father of behavioral economics. In 2002 he was awarded the Nobel Prize in Economic Sciences “for having integrated insights from psychological research into economic science, especially concerning human

Psychologist Daniel Kahneman is considered by many in my profession be the father of behavioral economics. In 2002 he was awarded the Nobel Prize in Economic Sciences "for having integrated insights from ps...
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