How our caveman brain sabotages our investment decisions

We live at the apex of human civilization. We carry trillions of bits of high-quality data in our pockets at all times. Despite these advantages, our decision-making process evolved little since our days as tribal “hunter-gathers.?

The Benefits of the Three-Bucket Retirement Income Strategy

When a client retires, we split their portfolio into three buckets: Risk Assets, Fixed Income, and Near Cash. We invest the client’s assets such that the Risk Bucket represents 60-70% of their portfolio, invested in faster growing but volatile US and international equities.

Mega Backdoor Roth, Part Two: Is the Mega Backdoor Roth Strategy Right for Me?

Depending on the specifics of your employer’s 401(k) plan (which you can access anytime by referencing the Summary Plan Description, or SPD), Mega Backdoor Roths via NRATs offer a ton of upside.

Free Retirement Income Planning Session

Creating a reliable income stream is complicated when a recession or bear market throws the rules out the window, isn’t it?

With the effects of the COVID-19 shutdowns wreaking havoc on the economy, wouldn’t it be nice to know that your retirement income plan is up-to-date in the face of uncertainty?

Chris Jennings, Retirement PlanningDavid EdwardsNovember 6, 2020Heron WealthRetirement PlanningComment

Build Resiliency in the Face of Financial Uncertainty

With the current pandemic, recession, and market volatility, individuals and families are dealing with unprecedented uncertainty about the present and the future.

David EdwardsAugust 20, 2020financial planning, Retirement Planning, CoronavirusComment

The Glidepath to Retirement

What do landing an aircraft and planning for retirement have in common?

If you set up wrong, the results can be disastrous! Which is why most people don't fly their own planes and instead rely on expert pilots to fly them to safety.

The same reliance on expertise applies to retirement planning.

David Edwards, Retirement PlanningDavid EdwardsOctober 7, 2019Heron WealthRetirement Planning, Financial PlanningComment

Q&A with David Edwards: How should I re-balance my asset allocation for retirement?

Question: I am 54-years-old and plan on retiring at the age of 56 from a Federal Government position. I currently have approximately 25% of my total assets in aggressive non-IRA mutual funds. Since I have over half of my total assets in higher risk investments and stocks are at an all-time high currently, should I re-balance my accounts?

Q&A with David Edwards: Should I Wait Until I am 70 Years Old to Retire?

Question: I have just heard that people should forget about retiring until they are 70 years old. Does this only apply to a certain target audience? I am thinking about retiring when I am 60 years old (9 years from now). I have about $2,300,000 in investments split equally between a 401(K) and other investments. My wife and I have always lived well under our means.

Answers & Observations