In light of the volatility of the past week, it is important to maintain perspective and not overreact to short-term market movements. First, it is important to remember that volatility is “the norm” for stock markets. The last 2-years, which have witnessed almost no volatility, have very much been an exception. This graph showing Intra-Year Declines is […]
Here is a quick question to consider: which retiree would you rather be? Assume that both accounts hold identical investments and that each retiree spends the same amount each year. Retiree A has a $5 million account to fund retirement Retiree B has a $4 million account to fund retirement We suspect that most people […]
Most people are finding it more enjoyable, less stressful, and just flat out easier to do their Holiday shopping online. Why wouldn’t we? It’s so much easier to look up anything you are searching for on Amazon or any other online retailer, and with one click you’ve secured the best price available and will have […]
We hope that the earlier parts of our series have challenged you to start thinking about more intentional spending and savings decisions, but we really haven’t addressed why that matters or how to do it. So, let’s get to that. The purpose of understanding, and managing, your cash flow is rooted in two questions: How […]
In Part One of our series, we walked through an exercise to get you thinking about how much you spend. By comparing your take-home pay to your spending, you arrive at your savings. This savings could be measured by a combination of: How much did your cash balances grow (checking and savings accounts)? How much […]