News & Insights

Brexit and Global Market Volatility

On the evening of June 23, Great Britain voted to leave the European Union by a margin of 52% to 48% with more than 30 million people voting. Nicknamed Brexit as a combination of the words "Britain" and "exit," the vote by the United Kingdom to leave the European Union surprised global markets, including U.S. markets, in which the S&P 500 Index was down 2.72% in the first five minutes of trading on Friday. This is in contrast to the strong upward close in world markets earlier this week in anticipation of a vote to remain in the European Union.

Factors in the Retirement Income Equation: How Spending Needs Change

The 2013 paper “The Retirement Income Equation” by Marlena Lee, PhD considered how much income is needed to support individuals in retirement by exploring savings rates and spending needs.

The paper noted that, because of changes in certain spending patterns, overall spending has typically decreased. For example, when a homeowner’s housing expenses decline after paying off a mortgage or an individual moves from the workforce into retirement.

Here we highlight the findings for three significant spending categories. 

Behavioral Biases

Behavioral biases play a role in the decisions we make about how to invest. Of the vast amount of literature on the subject, we were struck by Professor Craig Fox’s comment from a 2014 interview on how behavioral biases can affect the way investors use (or do not use) their company-sponsored 401(k) plans to save for retirement.

Fox responded, “The decisions they make when they first become eligible — whether or not to participate, how much to contribute, how to diversify, etc. — can cast a long shadow over their financial future.”


Conversations With Norm Mindel and David Booth

In the second conversation in this three-part series, Norm Mindel and David Booth talk about the difference between index funds and Dimensional funds and why a good bottle of wine is made by knowing which grapes to leave on the vine.

How We Use Our Smartphones

More Than Half of Smartphone Owners Have Used Their Phone to Find Health Information, Do Online Banking

According to the results of a Pew Research Center survey on smartphone use, “For a number of Americans, smartphones serve as an essential connection to the broader world of online information.”

Is It Possible to Ignore Rate Hikes as an Investor?

In this Bloomberg video from May 20, David Booth, Chairman and co-CEO of Dimensional Fund Advisors, answers questions on interest rates and shares some thoughts on evidence-based investing.

How Much Retirement Income Is Enough?

Marlena Lee, PhD discusses how much income you could need to replace after retirement depending on the lifestyle you want to maintain.

David McClellan Featured in CBS 2 News Story on Saving for Retirement

Forum Financial Advisor David McClellan was featured in a CBS 2 news story on saving for retirement on May 9.

Naming Beneficiaries for IRAs and Other Retirement Plans

When you name your beneficiaries, you are personally directing who will receive a portion of your wealth. In this Value of Advice white paper, we answer seven questions on the subject, including what could happen if no beneficiary is named.

Conversations With Norm Mindel and David Booth (A Three-Part Series)

In the first interview of this three-part series, Norm Mindel recalls his first encounter with Dimensional Fund Advisors.

Drawing Parallels Between the Masters Tournament and Global Diversification

In this April 7 article from Business Insider, author Bob Bryan explores unexpected parallels between the Masters Tournament and global diversification.

Quarter-End Summary

Whether in business, life or even love, we find ourselves compelled to root for the underdog. 

Recent Market Volatility

Since the beginning of the year, the stock market has experienced significant volatility. This article from Dimensional Fund Advisors sheds more light on the subject of volatility, including why we should expect prices to fluctuate and whether prices in January have provided information about the subsequent 11 months. 

Important Social Security News

You may be familiar with various techniques used to maximize Social Security benefits. We have been very proactive in educating our clients on these issues and recommending these techniques when appropriate. As part of the Bipartisan Budget Act of 2015 signed in November, two frequently used Social Security claiming strategies known as “file and suspend” and “restricted application” are being discontinued. 

Five Star Wealth Manager Professionals

In the October issue of Chicago magazine, six Forum advisors were recognized as Five Star Wealth Manager professionals. Five Star recognized John Adam, Mary Anne Ehlert, Marcus Heinrich, David Lennon, Norbert Mindel and Stephen Senesac.

Looking Past the Headlines

Over the past week, stock markets worldwide have experienced a significant drop in prices. Whether the media calls them downturns, corrections, selloffs or crashes, such events are actually a normal part of investing in equities. 

Norbert Mindel Featured in The Wall Street Journal’s Voices Column

Forum Financial Co-Managing Partner Norbert Mindel was featured in The Wall Street Journal’s Voices on August 3.