Cognitive Dissonance NOUN: the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to behavioral decisions and attitude change. I never got past Pyschology 101 at the University of Minnesota. In fact, I never got past many introductory...
Earlier this month, I celebrated my 63rd birthday. My birthday reminded me to take the time to reconsider the amount of stock market risk in all my client’s 401(k) accounts. Based on the current U.S. stock market price levels, the principal risk for any company 401(k)...
James Carville was one of former President Bill Clinton’s top advisors. He famously once said: “I used to think if there was reincarnation, I wanted to come back as the President or the Pope or a .400 baseball hitter. But now I want to come back as the...
Last week, I was interviewed by a top law firm consulting group. The firm was interested in my over 21 years of experience providing retirement plan investment advice to legal professional clients. The dialogue of the interview reminded me of a common concern voiced...
Congratulations. In the last two weeks, you most likely have received a record high company 401(k) statement in your mailbox. Maybe you even cheated and looked online earlier in the month. Record high stock market prices near the end of December earned you...
My son graduated last May from Notre Dame with a Business Masters Degree. He was fortunate enough to find his first job in this pandemic economy and is working from home. My daughter is in her second year of three-year Doctor of Physical Therapy graduate program. She...
