Why do so many people play the lottery? It’s called availability bias and it can affect financial and other kinds of decision-making.
Behavioral Finance: Why Do Investors Hold Losing Stocks and Sell Winners?
This is the first in a series of articles on behavioral finance, which seeks to explain the reasons why investors make the moves they do.
Is it time to reassess your risk tolerance?
After years of market growth, we experienced a bear market. Is it time to reassess your risk tolerance and reorganize your financial plan to reflect that?
Long-term Care: An Introduction
You don’t want to think about long-term care, but that could be a problem if you’re waylaid by an accident or illness. The sooner you plan, the better.
How many investment accounts do I really need?
Many clients come to Sensible Financial with a tangle of investment accounts. We analyze and reorganize their investments to make them more efficient and less expensive.
What Do I Need to Know About Continuing Care Retirement Communities? (Part 8: Wrap-up)
Last April, I began a seven-part series on CCRCs (Continuing Care Retirement Communities). Many of our clients were asking about retirement options and I decided CCRCs were a good place to start my research. In addition to reading about the subject, I spoke to senior living experts, CCRC administrators, and residents to ask them about[Learn more…]
Protecting your legacy in case of an adult child’s divorce
Recently, a client came to us with a problem. He had amassed a healthy portfolio and planned to leave it to his two children. He was worried that his daughter’s impending divorce might leave her portion of the inheritance vulnerable to her soon-to-be ex-husband. How do you protect your assets — and your children —[Learn more…]