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July 20, 2021
‘Rethinking Forward’ has been a life-long pursuit of study that began in college, continues fervently today, and will continue for the remaining time that I’m on this beautiful and amazing blue and green planet. ‘Rethinking Forward’ means going against the crowd, skating to where the puck is going to be, avoiding groupthink, and looking for the true meaning in the investment markets. In planning for being work-optional, it means not using the last 48-hour news cycle to plan for a 30-year retirement. Or to put it another way, it’s avoiding the recency bias of current information in making long-term decisions. […]
June 17, 2021
These days, planning to retire —or as we like to call it, making work optional— isn’t a luxury; it’s a necessity. Making work optional has become too complex to just pick a day and stop showing up to work. And it’s more than complex— it is also expensive. You have to factor in expenses, taxes, and other spending. There are many ways to pay for it, but which ways are the best ways? How much do you need to save? How should you invest? Many pre-retirees don’t know the answers to these questions. As a result, there are several common […]
August 9, 2016
When was the last time you set out to create a financial plan or heaven forbid, a comprehensive wealth management plan focused on your retirement? How many pages were created to help you to better analyze your picture of retirement? 75, 100, even 200 pages. I don’t know about you, but that many pages doesn’t get many people excited about retirement planning! In fact, if you are like most people, 93%1 don’t have a written financial plan anyway! Usually because of one of two reasons, everything changes, so why plan in so much detail; or the task seems too daunting, […]
July 6, 2016
The Big Picture of Diversification: A Lesson on the Golf Course A few years ago, I was out playing golf with some friends. We had decided to play the Overland Park West course that winds through the upscale Nottingham by the Green neighborhood. On this particular afternoon the weather was quite wonderful; 75°, slightly overcast, very light breeze, with mild humidity. We began by taking our tee shots on the first hole. As with any tee shot, you must always think about your second shot. You must be mindful of trees, traps, hazards, and in the case of this course, […]