What Can A Surgeon Teach Us About Making Decisions?
It’s a big year for my family as we’re preparing for each of our three kids to move on to new schools this Fall. It has been interesting to watch as each of them has had a decision to make regarding their school of choice. It wasn’t simple—for them or us.
For example, my fourteen-year-old son had the following two options in front of him: to follow in his sisters’ footsteps and attend our local high school or to step out of his comfort zone and explore another school that was further away. The way that we helped him decide, I believe can also be a solid framework for financial planning decisions that we make. > SEE MORE
Posted by:
Pete Dixon, CFP®
Partner and Advisor
2022’s Investment Lessons
2022 was a unique year, but they ALL are “unique” years in some way, right? What can we learn from this, and what are the important takeaways to make us better investors?
Here’s what our Head of Financial and Economic Research, Larry Swedroe, had to say about it:
“While each year features new twists on the age-old investment stories, smart investors know how to apply the same basic principles to every event. That’s why one of my favorite sayings is that there’s nothing new in investing, only investment history you don’t know. Last year, however, investors did experience something that happened for the first time in history.”
To read Larry’s 10 investment lessons from 2022, click here to read more, and as always if you have any questions about how this impacts your own retirement and investment planning, feel free to reach out to us.
Posted by:
Waypoint Wealth Management
How To Actually Do Long Term
My wife Vicki and I happily celebrated 20 years of marriage this Spring. As an advisor, my discussions with clients often revolve around categorizing goals as “short-term” and “long-term”; I’m pretty sure 20 years would be in that Long-Term bucket… (and to many of you reading this, 20 years is nothing!)
If you would’ve asked us 20 years ago how those years would play out exactly, we could only tell you something like “comfortable home in a safe neighborhood, a few kids…” and, well maybe that’s it?
Because just like with investing, we can’t know all the details upfront, can we?
The ups and downs of life and raising children, the trials and the tests, the joys, celebrations, and growth… we can’t see it all ahead of time.
I know it sounds obvious, but the same is true with long-term planning/investing. > SEE MORE
Posted by:
Pete Dixon, CFP®
Partner and Advisor
Does The Market Care About Your Feelings?
Since the 1970s, economists have measured how consumers are feeling about the financial environment, by asking five questions. How would you answer these today if they were asked of you?:
- “Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?
- Now looking ahead–do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?
Posted by:
Waypoint Wealth Management
6 Possible Revisions Coming For Retirement Savers
A few weeks ago, the U.S. House of Representatives overwhelmingly passed (with a vote of 414-5) the “Securing a Strong Retirement Act of 2022” (also known as the SECURE Act 2.0). Although the Senate is supposed to take up a version of its own bill soon, and this is not law yet, we do expect some version of this bill to be passed by year-end.
At 139 pages in length, you have many more exciting things to do with your time. So we thought we’d emphasize the six most relevant changes that would impact most clients:
One: Pushing back the starting age for Required Minimum Distributions (RMDs) again > SEE MORE
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