Stories of miracle investment recoveries can create unrealistic expectations. Context and perspective are important in both investments and hip surgery recovery to temper day-to-day fluctuations and focus on long-term goals.
SECURE 2.0 Act was signed into law in late 2022, delivering dozens of new retirement-related provisions.
Markets often deliver their best returns just when we’re most discouraged. So, who knows! While we wait to find out, here are six action items worth tending to before 2022 is a wrap.
One of the best ways to combat recency bias is by focusing instead on the basics that have served investors well for centuries, if not millennia.
First Quarter 2022|Jim Williams| Decision architecture on withdrawal strategies for funding retirement from investment portfolios; how much, how to decide is written about extensively. Most of this writing is rich in calculations, charts, graphs and other numerical presentation. I think many readers find that kind of source material off-putting and lose sight of the forest by being surrounded by trees. This essay will seek to explain a variety of withdrawal frameworks with a minimum of recourse to numbers.
Fourth Quarter 2021|Jim Williams| Over the years, and much more recently, I've had a lot of conversations with folks about the transition from accumulation to decumulation, from work to retirement. These conversations have ranged from coaching and counseling on very simple and straightforward issues to extremely complex ones; from formal and professional to informal and casual.