Keen On Retirement™

Today, we’ll help make the job easier by discussing what questions to ask and what characteristics to look for when you are trying to find a financial advisor.

You can learn a lot by hanging around Warren Buffett and Charlie Munger for six hours. Today, we’re going to discuss what we learned by attending the Berkshire Hathaway annual meeting in Omaha.

When it comes to making money decisions, humans are not always logical. We have a tendency to make behavioral mistakes and let emotions get in the way. Whether it’s being overcome by fear or greed, or letting the recency effect or confirmation bias cloud our judgment, these and other biases can hurt our investment returns.

“History doesn’t repeat itself, but it rhymes,” according to a popular Wall Street saying that is often (mis)attributed to Mark Twain. No matter the source, it makes good copy! Looking beyond its cleverness, the saying does make sense. History never exactly repeats itself but closely studying financial market history can help us avoid making big mistakes in the future.

The financial media bombards us with attention-grabbing headlines designed to get us to read their articles so they can sell more advertising. Often times, their “news” is nothing more than noise that can distract thoughtful investors from really understanding what’s going on. Today, we’ll take a look at the business cycle and the stock market cycle to learn how economic fundamentals–not noisy headlines–are what we should ultimately focus on.

Hitting age 50 is a major life milestone. It’s also one of several key ages that triggers some critical financial planning decisions. Today, we’ll review various age milestones and discuss the financial decisions they trigger.