Advance Capital Management’s president and chief investment officer, Christopher Kostiz, provides his key economic and market insights from the most recent quarter and for the new year.
On January 3, 1993, the Buffalo Bills miraculously pulled off a 41-38 overtime upset over the Houston Oilers in an AFC playoff game that remains the largest come-from-behind victory in NFL history. To this day, it is commonly referred to as “The Comeback.” Such an unbelievable, overcoming-the-odds story can provide some much-needed inspiration to those nearing retirement age with little to no savings.
Behavioral finance, or economics, studies the effects of psychology in the economic decision-making processes of individuals. Based on research in this field, it turns out people aren’t as rational as they think. Certain mental biases cause people to make financial decisions that might not be in their best interests. That includes everything from how people shop to how they save – or don’t – for retirement.
Whether sitting in a speeding car or investing in a tumbling stock market, you can get the same uneasy feeling in your stomach.
Annuities are one of the most heavily marketed financial products to retirement-age people. They are often sold as the solution to a retiree’s greatest fear: outliving your money in retirement. But, with the potential for guaranteed income from an annuity, do you have to sacrifice the potential for growing your money?
Advance Capital Management’s president and chief investment officer, Christopher Kostiz, provides his key economic and market insights from the most recent quarter.
Advance Capital has several offices in the Midwest, including one in the Land of Lincoln. As a fee-only financial adviser in Naperville, Illinois, we know what it takes to find a trusted adviser in the Chicagoland area and beyond.
From postal workers to VA doctors, we’ve had the pleasure to work with many federal government employees. The one area we advise them to focus most of their attention is here: the Thrift Savings Plan (TSP).
We’re pleased to announce that Michael Hohf and Daniel McHugh have been named as America’s Top Next-Gen Wealth Advisors by Forbes Magazine. The list recognizes top-performing young advisors from across the country.