Northbrook Financial
common cents
When to Fold ‘Em: Overcoming the Sunk Cost Bias in Personal Finance
The sunk cost fallacy is a cognitive bias that refers to the tendency for people to continue...
Breaking the Silence: Confronting Financial Avoidance Head-On
Financial avoidance is a psychological condition that affects individuals who avoid managing their...
Banks in crisis! New players, same old story
The collapse of Silicon Valley Bank (SVB) on March 10, 2023 was a major shock to the financial...
To Roth or not to Roth? That is the question
An overlooked, but important, part of any retirement savings plan concerns the type of account you...
Avoiding the Big Retirement Risks
Retirement is just as much a leap of faith as any other significant life change. No matter how...
Dollar Cost Averaging – Just an average strategy?
Dollar Cost Averaging - Just an average strategy? Dollar cost averaging is an investment strategy...
Gambler’s Fallacy – What casinos and markets have in common
Bright lights, constant noise, flowing drinks, and cheers of celebration punctuated by groans of...
Is the 60/40 Portfolio Dead?
What is a 60/40 portfolio & why is it popular? A 60/40 portfolio is an investment strategy...
Recency Bias: How our Behavior Impacts our Money
Human behavior has a greater impact on financial returns than most people realize. It’s more fun,...
The Fed Goes Meta
December Recap and January Outlook While the equity markets, as measured by the S&P 500...
Managing Your Stock Options During a Transition
Employee stock options have increasingly become a piece of total compensation over the last few...
SECURE 2.0 – Big changes for retirement planning
It’s not the most imaginatively named legislation, but the SECURE 2.0 Act expands the 2019 SECURE...
Turning money plans into money action in 2023!
A recent study published in The Ascent revealed interesting trends with regard to financial...
Year-End Tax Planning & Checklist
As the end of the year approaches, it's important to start thinking about your tax situation....
A deeper look at the benefits of 401Ks
401(k) Plans Aren't Just for Retirement, But Starting Early Matters Millennial and Gen Z...
Year-End Planning for Solopreneurs
The solopreneur refers to someone who organizes, manages, and assumes the risks of a business...
November Investment Update
Economic data showed some movements in the right directions, both up and down. The Federal Reserve...
Marathons & Money: Thoughts from a Financial Planner on a cold marathon morning
On November 20th 2022, I completed the Philadelphia marathon for the 4th time, and while my...
Your retirement savings just got a boost from the recent IRS inflation adjustments!
Taxes are complicated…..there is no question about that. Part of the complexity comes from the...
How Do You Create a Retirement “Paycheck?”
There’s one question we hear most often from those nearing retirement, is some variation on this:...