In the News: Overcoming the desire to sell when the market is down
In the Marietta Daily Journal, Bil Lako, CFP®, explains how when the market is down 33% from the high, many investors cave in to fear and sell at the bottom of the market.
Overcoming Loss Aversion and the Desire to Sell When the Market is Down
If we were playing a game and were to offer you a choice of a sure win of $50 or, on the toss of a coin, a chance to win $100 or nothing, while the probabilistic outcome (50% probability of $0 plus the 50% probability of $100) you would likely choose the guaranteed $50 according to scientific studies. After all, it’s a sure thing—you win. But let’s say we change the rules in the second round, and we offer you a sure loss of $50 or, on the toss of a coin, the chance to lose $100 or lose nothing at all, again the same -$50 probabilistic outcome. What would you pick?
In the News: Advance directive for health care only applies when there is no chance of survival
In the Marietta Daily Journal, Bil Lako, CFP®, explains how your estate planning documents may not affect your treatment if you contract the coronavirus.
In the News: Volatile markets? Pay attention to the dividend story
In the Marietta Daily Journal, Bil Lako, CFP®, shares how only 33 S&P 500 companies have suspended their dividend since March 2020.
Volatile Markets? Pay Attention to the Dividend Story
The “Money Talks” hosts discuss the week’s dip and how S&P 500 companies are treating their dividends.
In the News: IRS provides answers to a few coronavirus-related distribution questions
In the Marietta Daily Journal, Bil Lako, CFP®, shares how the IRS is handling tax issues relating to coronavirus-related distributions from retirement accounts.
Business Owners Have Tough Choices When Using PPP Loan Funds
The “Money Talks” Experts provide some insight for business owners who have eight weeks to use their PPP loan funds for payroll costs if they want the loan forgiven.
In the News: A pandemic doesn’t stop cybercriminals
In today’s Marietta Daily Journal, Bil Lako, CFP®, Bil Lako, CFP®, shares the story of an investor who almost lost over $90,000 because his investment account was compromised.
Expanded Guidance for Recontributing 2020 RMDs
The IRS has extended the 60-day rollover window that may allow IRA account holders who have taken an RMD for 2020 to recontribute funds now that RMDs are waived for the year.
In the News: Should you consider a Roth conversion during this market downturn?
In the Marietta Daily Journal, Bil Lako, CFP®, Bil Lako, CFP®, explains how you may be able to convert stock shares at depressed prices to a Roth IRA for future tax-free growth.