The other day, a coworker asked me if making a lump sum contribution to a 401(k) with the market depressed in the midst of COVID-19 would be a good idea. In essence, he was looking to time the market, buying when things looked low. I reminded him that “time in the market is more important… Continue reading Front-loading 401(k) Contributions
A few weeks ago we closed on a refinance of our mortgage. We kicked off the process mid-February, before the COVID-19 storm really kicked in. We closed just shortly after the market did the dizzying drop mid-March. Why refinance now? Rates had dipped in early February to the point where we could drop another .75%… Continue reading Is A Refinance Worth It?
My previous twenty tax returns are a treasure trove of lessons learned. In many ways, my experience can provide a road map for young, up and coming professionals that are fresh out of college and embarking on the rest of their life. Here’s a one sentence, Jeopardy-summary-plus-commentary for each of the previous twenty tax seasons.… Continue reading Twenty Years of Tax Lessons
It was Thanksgiving 2017 and I was having an investing conversation. During the conversation, I tried to explain the dangers of “return chasing”, picking investments solely based on past performance and projecting past performance into the future. Picking a fund that has had a good run is not an effective investment strategy. Instead of return… Continue reading Return Chasing
