By Jay Fedak, CFP® | Fee-Only Financial Planner, New Milford, CT It all started with a paper on a topic called “Prospect Theory” in 1979. Unbeknownst to the two cognitive psychologists, Daniel Kahneman and Amos Tversky, who began collaborating in 1969 they would become the founders of behavioral finance. They

By Jay Fedak, CFP® | Fee-Only Financial Planner, New Milford, CT Let’s look at some stark facts amongst all US based people over the age of 50: -About 50% have a will -About 45% have a health care proxy/POA and/or living will -About 40% have any form of documents qualifying

By Jay Fedak, CFP® | Fee-Only Financial Planner, New Milford, CT Ok, catchy rhyme but is it true? Dollar-cost averaging (DCA) means investing a fixed amount of money on a regular schedule, regardless of whether markets are up or down. Most retirement plans use this approach automatically through payroll contributions.

By Jay Fedak, CFP® | Fee-Only Financial Planner, New Milford, CT Sarah had $200,000 in cash in March 2020. When the market crashed 34%, she finally had her dip. She didn’t buy. “It might go lower. I’ll wait for clarity.” By late 2021, the market had recovered and pushed 80%