Why do so many people play the lottery? It’s called availability bias and it can affect financial and other kinds of decision-making.
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.
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?
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.
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.
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…]
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…]