As a society we place a high priority from learning from our mistakes. Even relatively small-scale disasters are followed up by thorough investigations to determine what caused them. For example, the National Transportation Safety Board investigates every single accident involving a U.S. aircraft.1 One of the costliest disasters in recent history was the market crash of… Continue reading Finding the Causes of Financial Crises: The Human Factor
Category: Retirement
Should You Pay Off Your Mortgage Early?
The home mortgage as we know it today is relatively new from a historical perspective. Up until the 1930s it was fairly difficult for the average family to finance the purchase of a house. Mortgage loan terms required a 50% or more down payment with the balance due as a balloon payment in just three… Continue reading Should You Pay Off Your Mortgage Early?
Does Retirement Mean You Can Live Every Day Like It’s the Weekend?
Conventional wisdom says that you will need anywhere from 70-80% of your working income to live comfortably in retirement. But a study of retirement spending conducted by Duke University in partnership with MoneyComb has found that the actual number needs to be much higher—130% of income.1 Presenting their findings in the Wall Street Journal, Duke… Continue reading Does Retirement Mean You Can Live Every Day Like It’s the Weekend?
What Hurts People’s Investing Returns More Than Costs? Their Own Psychology
In a few weeks, calendar year 2018 will come to a close. A few months later, American investors will be receiving their annual report card. And once again, on average, we are expected to see results that could use significant improvement. Each year, DALBAR Inc., the nation’s leading financial services market research firm, issues their… Continue reading What Hurts People’s Investing Returns More Than Costs? Their Own Psychology
Are You Really Ready? Doing a 5-Year Retirement Countdown
In 2022, NASA is scheduled to send astronauts into orbit around the moon, returning humans to deep space for the first time since 1972. The mission will utilize the Orion space vehicle, a spacecraft that has already been 13 years in development. It’s first shakeout flight was in 2014, 8 years before the mission. Now… Continue reading Are You Really Ready? Doing a 5-Year Retirement Countdown