Originally published on: July 12, 2017
Originally published on: July 1, 2016
Originally published on: June 24, 2016
When someone gives you advice about retirement money, who exactly are they working for? It’s surprisingly complicated. If you have a company retirement plan, the people who run it – your employer, various firms that provide investments and handle the money, and advice providers like GuidedChoice – are already “fiduciaries.” This means we’re legally required to act in your financial best interest. Not in the interest of our own paychecks, shareholders, or anyone else.
Originally published on: June 10, 2016
Ever heard of the “80/20 rule”? It began as a simple observation by economist Vilfredo Pareto that 20% of the people owned 80% of the land(in 19th century Italy). When he noticed that 20% of the peapods in his garden also produced 80% of the peas, he thought he was on to something. The idea grew into the Pareto Principle, a rule of thumb in economics that loosely applies a power law relationship to describe how things of value are often unequally distributed.
Originally published on: May 6, 2016
Everyone understands that if the odds of a coin toss are 50/50, we might as well flip that coin. But what if those odds aren’t so clear? In a groundbreaking piece of research, economist Daniel Kahnemann found that we consistently disregard the actual outcomes involved in winning and losing.