Fundamentally Wade’s work, in his newest book, is a great summary of a lot of research so far in this nascent field of withdrawing from assets to supplement retirement income. “How Much Can I Spend in Retirement?: A Guide to Investment-Based Retirement Income Strategies (The Retirement Researcher’s Guide Series)” by Wade D Pfau, available at […]
What are factors for investing? How are they determined? Why are they useful? Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today Paperback – October 7, 2016 by Andrew L Berkin and Larry E Swedroe discusses this. What are factors? “A numerical characteristic or set of characteristics common across a broad […]
Your mind is powerful. It can aid you doing what you want. But, it can also hinder much of that. How do you train your mind and mental muscles? Many people may have tried to change a habit, either good or bad, with varying degrees of success. I write about the topic because saving and/or […]
I have had the great pleasure of talking with and listening to Meir Statman on a number of occasions. I also enjoy reading his insights on how we, the people, are more normal than we think, even when we think we’re doing something wrong, when it comes to our money and finances. I’ve had this […]
What many take for financial news is actually processed and packaged for entertainment and advertising. Clash of the Financial Pundits by Joshua M Brown and Jeff Macke provide an inside look and discussion with many of the popular talking heads on financial shows. It is hard to separate news from noise – and most of […]
Thoughts of retirement are typically about the financial aspects of retirement. Typically, the other things to think about are forgotten or little understood. Even while aging in retirement, people are unsure about what they’re experiencing and how to relate to those experiences. Now, there’s a great book that talks about everything, with very little about money, in […]
The book Scarcity – Why Having Too Little Means So Much – has great insight that helps explain why poor tend to stay poor, why the busy tend to stay busy, why people worried about their finances remain worried about their finances, why the lonely have trouble making friends, and more. The authors’ definition: “By […]
School’s out. For most, after about the second week, they’re bored! I’m often asked what are good resources for parents to help teach their children about money and personal finance. Here are 7 ideas compiled by Wall Street Journal: Financial Reading Your Teen Wont Tune Out – WSJ.com. Books on Amazon: 1000 Smart Money Secrets […]
What are the many kinds of investment risks? Most people think of the risk of losing their money. William Bernstein dissects this simple view into many different shades of risk and astutely discusses that not all risks are of equal possibility. So while some may worry about a certain risk, they should also consider how […]
An interesting, and short, discussion of how it is “statistically impossible” to outperform everyone equally skilled. “When stocks go up, is that skill or luck?” “When things go well it is completely human to suppose that it is a result of your activity.” This part looks at the foibles of human emotion under the guise […]
