Average Rates of Return and “Fuzzy Math”
Have you ever noticed that your “Average Rate of Return” does not reflect the ACTUAL amount of money in your account?
Cash Value as Corporate Benefit
While teaching a class, someone asked a question about over funding a cash value life insurance policy. They mentioned hearing someone discuss it and didn’t know if it was a good idea.
Tax Shifting
A person’s understanding of the IRS Tax Code, History, Legislative Risk, and Tax Shifting Strategies will have a massive determination on how much of their retirement nest egg they get to keep.
The Dangers of Normalcy Bias in your Financial Strategy
Normalcy Bias, by definition, is a tendency for people to believe that things will function in the future the way they normally have functioned in the past and therefore to underestimate both the likelihood of a disaster and its possible effects.