Mastering Money 10/14/21

Question: do the rich GET rich at the expense of the poor? Many people believe that the rich ONLY become rich at the expense of OTHERS. This world view is called “zero-sum thinking” because its adherents regard economic life as a...

Mastering Money 10/6/21

So, what happens if you retire at or near a Market Peak? Have you thought about that? Statistically, people are more inclined to retire during the top end of a bull market. It only makes sense. That’s when confidence and peace of mind are higher. The trouble, as...

Mastering Money 9/9/21

Although many people DON’T think about owning life insurance, many, many people do. Life insurance has evolved from just a few choices in the old days, like whole life and straight term, to more advanced and flexible forms of Universal Life insurance which can...

Mastering Money 9/15/21

People who don’t like losing money in the stock market are often described as “risk-averse”. In reality, behavioral scientists will say that you may not be RISK averse, but rather LOSS averse. There is a difference, and it matters when you are...

Mastering Money 9/21/21

Retirement is supposed to be easy.  This is the time in your life when you want to start relaxing and enjoying your life. You’ve put in your time…you want to reap the rewards. Twenty years ago, the secret to retirement was to move half of your...