Jalene Hahn

Perhaps the best-known distribution plan is the “4% rule,” which makes room for cost-of-living adjustments.

To arrive at the 4% rate, Bengen studied historical market returns covering 50-year periods beginning in 1926 and ending in 1992.

Knowing when to sell an investment is just as important as knowing when to buy.

Their automated approach leaves little room for adaptability or specificity that comes from working with traditional financial advisers.

The ideal time to start a financial plan is in high school.

Graduation is a great time to get a start on building a firm financial foundation.

Insurance works on the principle of the Law of Large Numbers.

The financial literacy rate has decreased since 2020, when it reached a peak of 52%.

Half of our adult lives are spent in transition.

Sports fans often fall prey to the “illusion of control” by thinking they have an edge because of their perceived knowledge of the leagues, teams and players.

According to a survey by Standard & Poor’s, only 57% of U.S. adults are financially literate.

In February 2022, the IRS issued proposed regulations, stipulating that IRA owners subject to the 10-year rule were also subject to a required minimum distribution (RMD), as well.

The Peak Boomers Impact Study details how most of the individuals in the last segment of the baby boomers are not financially prepared and cites different factors that contributed to their precarious financial position.

Financial self-defense is about increasing your financial literacy and confidence in making sound money decisions. It is also about knowing enough to ask questions and not take statements at face value.

A digital estate plan is important to maintaining access to treasured photos, stories, and communication for loved ones.

Before Kahneman and his colleagues, economic theory, and the practice of finance, consisted of investigating the reliability of the Efficient Market Hypothesis and the Capital Asset Pricing Model.