Why are people more afraid of flying than driving, even though car wrecks are far more frequent? As one academic suggests, “in a car, at least I know when to brake. In a plane, I have no control.” This might also explain why many investors want to hit the brakes if they fear a recession is on the …
Don’t Let These 4 Behavioral Biases Knock Your Financial Plan Off-Course
Welcome back to our “ABCs of Behavioral Biases.” Last week, we discussed what behavioral biases are , why we have them, and what we can do about them. Today, we’ll get started by introducing you to four self-inflicted biases that knock a number of investors off-course: anchoring, blind spot, …
Charitable Giving Under Current Tax Laws: An Overview of Sensible Strategies
The 2017 Tax Cuts and Jobs Act (TCJA) had a major impact on charitable giving. One of the frequently asked questions we’ve been fielding is: How can you keep giving, and get a little back on your taxes? Following are four practical possibilities to consider for charitable giving under the TCJA …
