Financial Planning

Our take on the investing, financial, & economic themes of the day

When Should You Take Your Social Security Benefits?

4 September, 2014 by Sally Sulcove, CFA, CFP in Commentary
The question of when to take Social Security benefits does not have a clear, generic answer.  The big unknowable, of course, is longevity.  Unlike IRA or 401(k) assets, Social Security benefits aren’t inheritable beyond one’s surviving spouse.  Even though you may pay social ... read more...

Is Retirement Too Far Off to Plan For? Make Planning Pay Off Now

It’s well documented that most of us aren’t saving enough for retirement. The Center for Retirement Research estimates with the National Retirement Risk Index that 53 percent of working age households in 2010, the last year for which data are available, would not be able to maintain ... read more...

Avoiding “Myopic Loss Aversion”

As I write, the Dow  is down more than 200 points, and the S&P 500 is also down more than 1%. News of Argentina’s possible default on its debt along with a slew of disappointing corporate earnings reports seem to have contributed to the sharp pullback today. Could this be the start of ... read more...

Millennials Need to Overcome Their Fear of Stocks

People of my generation, twenty-somethings or the “millennials” as we are called, are probably the most financially risk-averse generation since the Great Depression. We came of age during the so-called “lost decade” when there were two major stock market crashes: the ... read more...