Breaking news: Money CAN buy happiness!

From psychologist Daniel Kahneman and economist Angus Deaton we learned that higher incomes, over about $75,000 a year, didn’t make us any happier per se, they just allowed us to spend more. A new study says that increased happiness depends on the way we spend that...

The cost of financial advice

I promised a more objective way of choosing a financial planner in my recent blog on how advisors dress. How they charge is a good place to start. Not only will it tell you the cost of the service, but it will give you a good idea who you’re dealing with. Liz Frazier...

Warren Buffett’s Secret Ingredient

As with many favorite recipes, the ingredients are simple but the dish is a crowd pleaser that is served time and again with predictable results and rave reviews. As you know, Warren Buffett’s secret investing ingredient is the low-cost S&P 500 index fund...

Should a Financial Planner Dress Up?

An odd question but one that was the topic of a recent Michael Kitces blog where I learned about “countersignaling”. The Kitces blog is a popular one with financial planners; this one was written by Derek Tharp, a Research Associate at Kitces.com and a Ph.D. candidate...

They almost had me…

It was the end of the year and I was getting my car serviced when the new service manager introduced himself and gave me some FIAT swag – a nice water bottle customized to fit the holder. Then he asked if I’d consider buying an extended warranty. My car was just out...