Archive for February 2017

The Old-School Stool

The proverbial “three-legged stool” of retirement funding traditionally comprised Social Security, a company pension and personal savings, but that stool has been wobbly for quite some time. In fact, the traditional pension has been replaced largely by employer-sponsored 401(k) plans. This development firmly places the responsibility of two of the three stool legs on individual…

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Avoiding Biased Decision Making

When you hear something repeated enough times, doubts may start to slip away, and eventually it’s accepted as a fact. Believing the things that are imbedded in our psyche because we’ve heard them before is known as an “availability bias.”1 This may partially explain why blue-chip stocks are popular, as more investors tend to be…

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For the Health of Marriage

Turns out marriage can do more for your heart than fill it with love. A recent study found that, among other health benefits, married people have a higher probability of surviving a stroke.1 They are also more likely to survive major surgery, have fewer heart attacks, be less likely to have advanced cancer when diagnosed…

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Foibles of Retirement Planning

The traditional retirement model was based on a rigid assumption that people worked 40 years until they were 65, and then enjoyed a retirement supported by a company pension plan. That model doesn’t exist anymore, at least not for the average worker. Social Security data shows that the average career span is only 38 years…

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