Uncalculated risks

There are no solutions, only trade-offs.Thomas SowellYou can only calculate risk in hindsight.  You can't know the actual risk going forward because you don't have the data yet.  Things change.  The best you can hope for is a fuller and more accurate understanding of the range of outcomes from any given decision.  Past data can be helpful, but good decisions…

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Book review: Reboot your Portfolio

Today we have a guest post from Stefan Scott, a flat-fee financial planner from BC.  I know Stefan personally.  He's a smart, hard-working guy who specializes in helping physicians get on the path to financial independence using an evidence-based approach.  His business is called House Calls Financial Planning and his email is housecallsfp@gmail.com.  If you have any questions for him,…

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Retirement planning: Don’t leave money on the table

You work hard for your money.  You’re accumulating wealth by being responsible with your spending and saving decisions.  Why?  So that you can use that money to enjoy a long, happy retirement.  But, contrary to most financial planning assumptions, research shows that few retirees manage the decumulation of their assets well.  Most are leaving money on the retirement table.Some people…

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