by Micah Porter | Aug 16, 2018 | Blog, Near Retirement, Retirement Planning
A pretty common stereotype when it comes to retirement is the overworked, underpaid worker who would retire immediately and pursue the Island Life if they only could. And while I have worked with some clients whose immediate answer was “tomorrow” when I asked when... 
by Micah Porter | Aug 10, 2018 | Blog, Near Retirement, Retirees
If you are planning for retirement, estimating healthcare costs should be part of your plan. In recent posts, I have covered a Vanguard study on retirement healthcare spending, as well as the structure of traditional Medicare and Medicare prescription drug coverage.... 
by Micah Porter | Aug 3, 2018 | Blog, Near Retirement, Retirement Planning
In a previous post, I took a look at Medicare Parts A & B, which cover many types of inpatient care along with what are generally defined as medically necessary services. In this post, I’ll examine Part D, which is the portion of Medicare that covers prescription... 
by Micah Porter | Jul 26, 2018 | Blog, Near Retirement
In the last blog post, I outlined key findings from a recent Vanguard white paper on healthcare spending in retirement. In this post, I’ll break down the various parts of understanding Medicare—traditional Medicare—as you consider your healthcare needs in retirement.... 
by Micah Porter | Jul 5, 2018 | Blog, Near Retirement, Retirees
If you are planning to retire, budgeting for healthcare should be part of your plans. In fact, when we build plans, we have begun breaking out healthcare costs as a separate category. Doing so allows us to use the data we have on average healthcare spending in... 
by Micah Porter | Jun 27, 2018 | Blog, Near Retirement, Retirement Planning, Tax Planning
The IRS not only wants you to pay what you owe but in many instances, they don’t want you to wait until the end of the year to do so. If your primary income is a salary from an employer, this is pretty simple. Just make sure you get your withholding correct, and you... 
by Micah Porter | Jun 22, 2018 | Blog
Over the last few weeks, I’ve written about several cognitive biases. Cognitive biases are mental shortcuts we all use, but if we’re not careful, they can lead us astray. This is undoubtedly the case when it comes to investing and the pitfalls of overconfidence bias... 
by Micah Porter | Jun 14, 2018 | Blog
In my previous post, I began writing about cognitive biases. There are a number of cognitive biases that come into play in investing. The first one we examined in the post here was confirmation bias. This is the tendency to seek out information that confirms our... 
by Micah Porter | May 30, 2018 | Blog, Investment Management
Years ago, one of the first courses I took in college was introduction to cognition, or the science of human thought. A key concept that stuck with me long after the course, was the idea of a heuristic – a mental rule of thumb – or shortcut, that we all use in certain...