As investing has moved more from a narrative-based out-performance story to a commodity needed for effective financial planning, we’ve gotten to observe fund fees coming down across the industry. This is a great thing! The following table, from Morningstar’s annual fee study, I find to be particularly exciting. Every penny that you save on fees is another cent compounding toward your future. And as I state regularly, fund fees are… Read More
Softening the Edges of the Market
As I was sitting in traffic on my way to the office this morning, I thought of the opening scene of the movie Office Space. If you haven’t seen it, take one minute and watch the video, it’s so relatable! As I was watching the drivers around me weave from lane to lane, there appeared to be a very clear connection to “chasing performance” from an investment perspective. Chasing performance… Read More
The Surprising Reality of Financial Decision Making As We Age
One of the biggest, and yet, least discussed risks associated with retirement is the issue of cognitive decline as we age – particularly how it impacts your financial decision making. Nobody likes to think about getting older. Even less so, nobody likes to think about the decline of their mental health. But the harsh truth is that as we get older, our cognitive abilities decline at some point. This is… Read More
What to do in retirement?
You’ve been working hard for the last 40 years and saving diligently for the big day — the day you walk out of your office for the final time never to return again. For many people this is an experience that’s met with jubilation. For others, fear. After the initial honeymoon stage of unlimited free-time ends, many newly minted retirees begin to suffer an identity crisis. For so many of… Read More
Ashby Talks Retirement
Over the past few weeks, I chatted with a couple of my advisor friends that I thought I would share with everyone. Not surprisingly, we spent the majority of time talking about retirement planning. On Monday, I spent the afternoon with Justin Castelli, CEO of RLS Wealth Management. Prior to shooting the video, we talked about all types of things about our industry and profession. We are both passionate about… Read More
Reflections on 2018 and What’s To Come in 2019
I wavered on whether to write a post like this or not. But after realizing so much wisdom from reading similar posts from other people that I respect, I feel that if it benefits just one person then it would be worth it. If you’re here strictly for financial content, I won’t be offended if you skip this one. As we closed out 2018, I took the week of Christmas… Read More
Something To Think About
If you really think about it, the only two points in life that we truly don’t care about money is when we have a total lack of wisdom as a child and at our point of maximum wisdom late in life. We spend the rest of our lives chasing it only to return to our childlike state by realizing it doesn’t matter a whole lot. That may seem odd for… Read More
