What is Robo-Advising? From Widipedia: “Legally, the term “financial advisor” applies to any entity giving advice about securities. But most robo-advisors limit themselves to providing portfolio management (i.e. allocating investments among asset classes) without addressing issues such as estate and retirement planning and cash-flow management, which are also the domain of financial planning.” So, […]
The terms risk and security are heard a lot when discussing money. Most people think of risk as the value of money going up or down, and usually down coming to mind when associated with risk. Security may be thought of as the ability to spend on things important to you, what those important things […]
The imbedded report is a handy reference for those who want to calculate their own investment metrics such as yield and annual return. However, I must state … with important caveats. I would caution that calculating your own returns is fraught with miscalculations and misinterpretations! For example this article “Understanding the Link Between Volatility and Compound Returns” […]
There is a cost to indexing that most investors are unaware of. It is called “reconstitution.” What is reconstitution and how may the costs involved be solved? What is an index? An index tracks changes in the markets – think of it kind of like a weather barometer. The first article below discusses how the reconstitution effect […]
Most people look at the benefits they would receive today when making their decision about when to begin receiving their Social Security. They also underestimate how long they may live unless they already have medical issues that are known to reduce longevity. These two impulses cause many couples to begin their benefits too early which […]
This brief slideshow discusses some elements necessary to recognize that our emotions and reactions to investing and markets often hurt results. Our brains are NOT wired for investing. Discipline and a focus on what you can control are important to success. There is an investing approach that is based on discipline and evidence from research in […]
Goodbye scanners! Apps have been out for some time that make scanning as easy as taking a picture. Then save it and send or share it. The best scanning apps for Android and iPhone. If you don’t have a scanner – one of these might be useful too. Microsoft Office Lens Microsoft Office Lens for Apple […]
Most people don’t know how their Social Security benefit is determined. Being unaware leads to this very common question – Will working longer increase, or decrease my Social Security benefit? Working longer, even part time, will NOT reduce your benefit. And in some cases, may increase your benefit. The below short article explains in […]
DOW 20,000. Is that good? Or is that bad? Guess what – this is simply another way point much like DOW 15,000 was, or DOW 10,000, or pick any DOW number. The Power of the Markets Markets don’t know your specific emotions and behaviors – so the markets march on ignoring them. It is best […]
Most people don’t realize (or do, but don’t plan for it) that, as a couple, there is lost income from Social Security automatically built in. I discussed examples in a post titled “Social Security and Survivor Considerations.” In this post, the question is … How much money* is needed to replace that lost income? First, the […]
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About Larry Frank Sr.
As an MBA and CERTIFIED FINANCIAL PLANNER™ practitioner, I help people make sensible plans for a successful retirement. I'm also the author of Wealth Odyssey, a book about financial planning. My retirement planning research is published periodically in the Journal of Financial Planning.
Have a Financial Question?
- Are market returns really the key to your portfolio value?
- Rebalancing? How does it work?
- Resources to help with aging issues
- The Dividend Income Illusion.
- Seniors: Do You want to Age in Place?