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Financial Goal Setting for the New Year: Three Strategies

As we stand on the threshold of a new year, it’s the ideal time to reflect on the past and plan for the future. One area that often takes center stage as we make our resolutions is personal finance. By setting clear and achievable financial goals, you can begin working towards building a secure and prosperous future. Below, we’ll explore three effective strategies to help you with financial goal-setting for the new year so you can better navigate the upcoming year with confidence and purpose.

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These Cognitive Biases Could Sabotage Your Financial Planning

Uncategorized, Wealth Management / Caleb Bjerk

Much of financial planning revolves around your retirement planning strategy – a strategy that very likely involves investing. On the surface, investing may seem to be all about facts and figures, like principles and interest rates. However, there’s always a human element that shouldn’t be overlooked. In fact, an entire domain of psychology known as behavioral finance shows we are all susceptible to cognitive biases and emotional influences that impact self-control, risk tolerance, and rational behavior.

In this article, we’ll explore two of the most common cognitive biases – herd behavior and overconfidence – and how they could be sabotaging your financial plans. Once you are aware of them, you can combat these negative behaviors and move beyond them for greater financial security in retirement.

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These Cognitive Biases Could Sabotage Your Financial Planning Read More »