Wealthinking Blog

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Welcome to Wealthinking

The purpose of this blog is to show what comprehensive financial planning looks like and feels like on the day-to-day.  Each post is drawn from the actual work we do with clients and is rooted in the best of current economic thinking. You'll see such traditional topics as finance, taxes, retirement planning, and investment management through the lens of what real people actually care about—their own personal hopes and dreams, navigating various life transitions, and understanding the world around them.  We’re glad you’re here and invite you to join the conversation.

Paula

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Wealthinking by Paula Hogan

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What are we doing to our elders?

  
  
  
  

 

Have you ever been in a situation where you have been working really hard to navigate some new challenge or to work towards some high personal goal, and then midstream find yourself pausing and thinking: “Something’s not right here. We need a reset.”  I have had that feeling lately as a financial advisor helping people plan for their later years. I’m wondering if you agree that as a culture we need to press the reset button. Here’s why:   

Should you include small cap stocks in your portfolio?

  
  
  
  

 

Small cap stocks tend to outperform large cap stocks more often than not.  The amount by which they outperform is called the small cap premium.  From 1927 to 2013, the annualized average small cap premium for domestic small cap stocks was 3.58%. That’s a hefty spread between the two asset classes of small cap and large cap stocks.

Financial Planning For Retirement

  
  
  
  

 

Understanding and managing the risks of retirement is a central financial planning challenge for each of us—and also for society as a whole. Let’s take a look.

Uptempo Offense and Your Career Planning

  
  
  
  

 

In most industries there are now two kinds of workers: those who realize their jobs are changing and those who don't. Hat’s off to you if you are in the former group. Managing your largest asset, your career, just got easier. Just ask your favorite NFL referee. You might hear about the new demands in his work from the explosion in the no-huddle offense.  

Psst—The Social Security Earnings Test is Not a Tax

  
  
  
  

 

 The Social Security earnings test is one of many public policy rules complicating your already complicated decision about when to retire.  Let’s take a look at how this rule impacts your financial planning, and then pull the camera back to think about it from a public policy point of view.

Three Good Things and Financial Planning

  
  
  
  

 

At the Canadian Applied Positive Psychology national conference last month, there was a cornucopia of intriguing ideas about what supports the good life, with each idea refreshingly presented from a data-based, scientific point of view.  Positive psychology is a recognized discipline within the field of psychology.  In the words of Harvard professor Tal Ben Sha-Har, it is the scientific study of optimal human functioning—the science of happiness.

Planning the Ideal Vacation

  
  
  
  

 

I am just back from a busman’s holiday, feeling quite happy and relaxed, and the experience has me thinking about the notion of “the ideal vacation”.

Macroprudential Policies and Your Financial Planning

  
  
  
  

 

Lots of people are worried that the current low interest rates in our economy are spurring excessive risk taking, pushing the markets for stocks, junk bonds, and perhaps also the housing sector, towards bubble-like conditions.  In a speech to the International Monetary Fund last week, Federal Reserve Chair Janet Yellen addressed this concern head on, and in doing so raises some interesting financial planning ideas as well.

Financial Industry Regulation: Why You Should Care

  
  
  
  

 

Like many industries, the financial advisory industry is in regulatory upheaval, with public policy implications that are consequential to you. 

Financial Planning for Retirement – What Works

  
  
  
  

 

Here are five core suggestions for optimizing your financial planning for retirement.

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