You probably wouldn't be surprised if a vendor in a centuries-old Moroccan souk (market) began bargaining with you over an item. But when you go on Amazon to buy pumpkin-pie spice for Thanksgiving, you expect to be paying a fixed amount. You don't consider the web to be a North African bazaar. It may, however, becoming one.
When do you need to start planning for your incapacity due to illness or injury? Your ability to use Snapchat proficiently -- or your desire to do so -- is not the line of demarcation. In most states, it is celebrating your 18th birthday. Upon reaching the age of majority, health care directives and durable powers-of-attorney are necessary to allow someone you trust to make critical decisions on your behalf when you lack the ability to do so yourself.
A common question that arises each tax season concerns the length of time that financial records must be kept. A desire to get rid of the clutter conflicts with the need to retain critical documents. A great starting point is this article. I recommend clicking the link and giving it a read.
Most of us will admit that it can be quite difficult to predict the future. No one really knows how events will play out. But determining what happened in the past can be equally challenging. It appears that we are overly confident in explaining an event that has already occurred. The reason is that people, including historians, are subject to bias and impose false order upon random events.
People tend to act based on incentives. Everyone is subject to them, even financial advisors. What are your advisor's incentives? Take a listen.
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