Justin Pritchard, CFP®

Fee-only CFP® practitioner (also @ApproachFP). Retirement planning enthusiast.

[Bourree Lam @bourreelam]

I was also impacted by the @WSJ layoffs.

I was laid off after mat leave for some extra salt in the wound. All the working moms out there know that this is a worst nightmare scenario.

I’d love any help from former colleagues, friends, social media connection, etc.! 🙏

[Anne Chovy @AnneChovy2]

just learned about recency bias and its my favorite thing ever

[Justin Pritchard, CFP® @PFBasics]

@behaviorgap I like that play on spend/pay!

[Squared Away Blog @SquaredAwayBC]

"Money and the Momentous Decision to Retire." Readers weigh in on financial issues they're concerned about when they think about retiring - as reflected in the blogs they are reading: https://t.co/JaqmRjIl1y #retire #financial #socialsecurity #401k #Babyboomers #boomers #aging

[Justin Pritchard, CFP® @PFBasics]

@lindseyyoung_qw It's sounding like like our latchkey self-sufficiency is hard to shake

[Justin Pritchard, CFP® @PFBasics]

@BillWinterberg Interesting, thanks. I have some articles in Drive/Docs that were easy to add, and the results were mostly good. There was one obvious miss (it didn't answer a question I asked—answered the previous question instead)

[Nick Maggiulli @dollarsanddata]

Perfect timing. Very excited to dig into @kylascan's new book, out today!

Get it here: https://t.co/Nsgqou4Xt2

[Justin Pritchard, CFP® @PFBasics]

@MegBartelt I can't say I know, but you can often leave it blank or ask not to provide it. It's always worth asking.

[Justin Pritchard, CFP® @PFBasics]

@MegBartelt I'd say it's an issue. It's possible to request withdrawals via ACH with their account number and ABA/routing info. The client might be protected (assuming they notice and report fraud to their bank quickly enough), but it's a pain and it's best avoided.

[Morgan Housel @morganhousel]

Fine: You screwed up and you're in trouble. Avoid repeating the mistake.

Fee: A cost of admission that's worth paying to get something worthwhile in return.

Market volatility is a fee, not a fine.

[Nick Maggiulli @dollarsanddata]

This applies to a lot more than just art.

There’s almost always more money to be made in selling the thing than doing it yourself.

[Carolyn McClanahan @CarolynMcC]

Total digitization of medication subscribing is a complex adaptive system waiting for a downfall. There is no resiliency built into how medications are dispersed. People, always keep extras of your important medications.
Would love to see a story on this @KFFHealthNews

[Lindsey Young, CFP® @lindseyyoung_qw]

New Blog Post - How to Find the Right Financial Advisor For You!

This is one of the more comprehensive resources for understanding how to find a financial advisor. Hat tip to @michaelkitces for providing a framework on laying out the industry history.

https://t.co/jTeeMzZCkH

[The Society of Advice @SocietyofAdvice]

“People assume that a good financial plan has to be complicated. I think there’s room to talk about simplifying it.”

– @christine_benz

Why is that idea so hard for us to get our heads around?

https://t.co/LEVK6vsgYn

[Justin Pritchard, CFP® @PFBasics]

@MegBartelt For practitioners, @TenonFinancial has quite a bit of good stuff out there

[Justin Pritchard, CFP® @PFBasics]

@MegBartelt Not exactly a practitioner, but if @christine_benz says something, you can pretty much take it to the bank. Definitely more accessible than academic stuff

[Justin Pritchard, CFP® @PFBasics]

@behaviorgap If you're willing to say more on this, please: You mention YouTube, and let's say compensation is a goal. Would a YouTube channel itself be the IP business (monetizing ads, for instance), or would that be more of a distribution and awareness tool? Or both, of course

[Stina Sieg @StinaSieg]

Periodic reminder that I was able to cut down my hospital bill SUBSTANTIALLY by asking if there was a discount for paying within 30 days. There was. I can't remember if I saved 1/4 or 1/3, but it was a lot.

I am forever grateful to the person who passed on this info to me.

[Teresa Dixon Murray @teresamurray]

What can happen if you deposit a fraudulent check?
- The bad guys would have your bank account information and signature.
- The scammer will ask for some money to be returned. That money will be gone forever.
-Other payments could bounce when the bank subtracts the money. (END) https://t.co/ALLJ9Y86Hj

[Anna N'Jie-Konte, CFP® 🇵🇷🇬🇲 @anjiekonte]

Everyone knows the standard 3-6 months of emergency fund advice. When advising clients on how much cash to keep, I tailor it to how risky the household's income is.

- Dual income ➡️3-6 months
- Single income➡️ 6-9 months
- Entrepreneur ➡️6-12 months