Ask most people about their investment risk and you’ll get an answer about how they feel. “I don’t like watching my account drop.” “I can handle some ups and downs.” That’s a real and useful answer, but it’s only half the picture. Risk tolerance is how you feel about losses. Risk capacity is how much … Read more
One of the most common questions people quietly carry is simple: “Am I on track for retirement?” For business owners, the usual answers rarely fit. Age-based benchmarks assume a steady paycheck, an employer 401(k) and a portfolio that holds most of your wealth. Owners often have none of those. Measuring retirement savings for business owners … Read more
Ask most people what their retirement plan is, and you’ll get one of two answers. Either a number, some version of “I need two million dollars,” or a shrug. Neither one is a plan. A number without a purpose behind it is just anxiety with more zeros, and a shrug is just anxiety without them. … Read more