4 Ways to Apply the 80/20 Rule to Your Financial Pursuits
The 80/20 rule suggests that 80% of an outcome is the result of 20% of the effort put in. This rule can be applied to personal finance in the following ways.
Jim Williams: Water Cooler Talk
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.
What is the Secure Act 2.0?
SECURE 2.0 Act was signed into law in late 2022, delivering dozens of new retirement-related provisions.
6 Financial Best Practices for Year-End 2022
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.
Back to the Investment Basics Part 2: First Save, Then Invest
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.
Withdrawal Strategies (without numbers)
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.