Jalene Hahn: The ‘illusion of control’ with legalized sports betting
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.
Investing Column
Articles
Pete the Planner: Parents, your child’s money troubles aren’t your fault
It’s like watching someone walk a tightrope and realizing halfway across that they’ve never practiced before—and now they’re teetering on the edge.
Mickey Kim: People fret about elections; the stock market doesn’t
As the partisan storm increases in intensity, you might be tempted to make changes to your portfolio because of how you believe a short-term event like an election will impact the financial markets.
Pete the Planner: Here’s why net worth isn’t part of casual conversation
Talking about net worth also brings a harsh reality check.
Jalene Hahn: Improving financial literacy is a critical task at hand
According to a survey by Standard & Poor’s, only 57% of U.S. adults are financially literate.
Pete the planner: I need a hobby to distract me from work
I’ve never needed a hobby so badly in my life. It’s not that I have tons of free time that needs to be filled; instead, I need something to divert my brain’s attention when I’m not at work or spending quality time with my family. Left unaddressed, my brain triggers into fits of work spasms […]
Mickey Kim and Roger Lee: McD’s $5 Meal Deal is not a happy economic indicator
This initiative is meant to reaffirm McDonald’s commitment to value, a foundational element of its brand identity.
Pete the Planner: The wealth you can share is more than just money
Said in a different way, what if you returned leftover resources to the community pool?
Jalene Hahn: Interpreting the rules for inherited IRA distribution
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.
Pete the Planner: Why your personal finances are not really that personal
A stakeholder is any person or entity that has an interest or concern in the direction of an enterprise.
Pete the Planner: Know your black boxes and blank checks
But you do have the ability to know a lot more things about your financial life than you are currently attempting to know.
Jalene Hahn: Youngest boomers are unprepared for retirement
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.
Mickey Kim: Debt indispensable, but addiction can be devastating
The challenge is determining an “appropriate,” or responsible, level of debt or leverage.
Pete the Planner: How to help dad overcome inappropriate investments
Dear Pete, I’ve started to look through some of my elderly father’s investments, and I’m finding myself in shock over some of the products he has been sold. Between high investment management fees, long surrender periods on annuities and inappropriate levels of risk, my head is spinning. What do I do? Do I file a […]
Jalene Hahn: How to defend yourself financially amid life’s changes
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.
Pete the Planner: Making the most of data helps avoid financial shock
Given the many inconveniences in our personal finances, it’s surprising there’s not more focus on how we respond to negative outcomes.
Mickey Kim: Did fishy shrimp deal ultimately end Red Lobster?
In a famous exchange from Ernest Hemingway’s “The Sun Also Rises,” one friend asks, “How did you go bankrupt?” To which the friend replies, “Two ways. Gradually and then suddenly.”
Peter Dunn: Your financial adviser is changing firms. What now?
I think sometimes people forget that business relationships are still relationships.
Jalene Hahn: Make sure you have a digital estate plan
A digital estate plan is important to maintaining access to treasured photos, stories, and communication for loved ones.
Pete the Planner: I’m ready to get off the hamster wheel
Even though I have set money aside along the way, my lifestyle, like that of many Americans in that same stage, continued to ratchet up.