Callan Chart 2024: Two Decades in Review The Callan Chart is evidence that humans are pattern-seeking animals. From Rorschach tests to stuff seen in clouds, we seek to impose structure and design where there is none. So, too, with investors […]
What are the Long-term REAL Returns? Everyone is currently worried about inflation, especially those about to retire. A poor Sequence of inflation is a retirement risk and hyperinflation (and deflation) are economy killers. But let’s not be pessimistic! The question […]
Do I need more Large Cap Value? Most people are underweight Large Cap Value in their portfolio. I dived deep into my US equity holdings but am underweighting large value. Is there a large value premium that should have me […]
‘Identity Bridging’ in Retirement Let’s face it—some people are scared to retire. It’s not a matter of what to do with the time; it is a matter of what my identity is in retirement. Who am I once I retire? […]
Fungible and Asset Location Money is Fungible. Fungible is a funky financial term. Fungible means interchangeable. Or substitutable. A dollar bill in D.C. is the same as anywhere else. Indeed, $10 is worth two five-dollar bills or ten one-dollar bills. […]
Are lower expectations the key to a successful retirement? We demand a lot out of retirement. What if the key to a successful retirement is lower expectations? We spend a third or more of our life retired. After all […]
Freedom Freedom is the ability to respond rather than react. This means that the amygdala has detected a threat. And you become conscious that your body has detected a stressor. Viktor Frankl says: “Between stimulus and response, there is […]
Lock in Training Rates for Disability Insurance I’ve been giving financial talks to third-year family medicine residents for seven years, and I have been impressed with the degree of improvement in their financial literacy. The one exception is that […]
Accumulation Basics for Physicians Assume you make a doctor’s salary and are just starting. You need to understand the basics of accumulation. Of course, you got a late start since you are old after med school and residency and […]