by Michael Lecours | Jun 24, 2016 | Investment Behavior, Investment Strategies, Personal Development, Rule of Thumb, Uncategorized
Recently we introduced The Money Management Tool to help clients better organize their financial lives. The tool has lots of features and we will occasional explain how some of the features are being used by our clients (or should be used) to help them reach their...
by Michael Lecours | Jun 10, 2016 | Investment Behavior, Rule of Thumb, Uncategorized
The last time I changed the oil on my car, I inadvertently drained the power steering fluid thinking it was engine oil. Then I added engine oil and thought I was all set. I proceeded to drive a car around town with no steering fluid and twice as much engine oil as I...
by Michael Lecours | May 10, 2016 | Investment Behavior, Retirement, Rule of Thumb, Uncategorized
Mistakes in retirement can be costly and unfortunately very common. Money magazine’s recent article captures 15 examples. While I have seen every one of these 15 mistakes actually happen, the most common issue I’ve seen this year is Number 7 on the list: Not knowing...
by Michael Lecours | Mar 24, 2016 | Finding Confidence, Investment Strategies, Personal Development, Retirement, Rule of Thumb, Uncategorized
I recently read Carl Richard’s “The One-Page Financial Plan” and was impressed with Richard’s approach to working through some complex financial issues. In particular, he focused almost exclusively on the emotional issues that investors face. What does money...
by Michael Lecours | Mar 23, 2016 | Rule of Thumb, Taxes, Uncategorized
Are you hunting for last minute ideas and strategies to reduce your tax bill? If so, consider spending that time preparing to reduce your tax bill for next year. It will be a lot more productive to take steps now that could reduce the tax bill for 2016 than to trying...
by Michael Lecours | Jul 8, 2015 | Investment Behavior, Rule of Thumb, Saving, Uncategorized
As individuals approach retirement they often ask themselves what they should do to maximize their income. Specifically, they may wonder if they should pay down their debts (credit cards, auto loans, or a mortgage) or should they invest more in the markets. The answer...
