Money mistakes even smart people make

Certified financial planner Jill Schlesinger has seen smart people make some pretty spectacular money mistakes.

One client who repeatedly refused to buy disability insurance later developed multiple sclerosis. A doctor she knew put off writing a will and left behind a six-figure tax bill. A technology company engineer balked at her suggestion to sell some of his stock options, only to watch their value and his retirement plans evaporate when the market plunged.

In my latest for the Associated Press, a look at how behavioral economics tries to pinpoint where our brains and emotions lead us wrong, as well as what we can do about it.

Related Posts

  • Wednesday’s need-to-know money news Today's top story: Suing banks will get easier - if CFPB rule survives. Also in the news: 2017 Driving in America report, 7 tips for […]
  • What’s holding you back? I used to belong to the "what's wrong with you people??" school of personal finance advice.* I found it hard to sympathize with people who […]
  • Thursday’s need-to-know money news Today's top story: How to pass a financial stress test. Also in the news: How smart parents teach their kids about money, the worst money […]
  • Thursday’s need-to-know money news Today's top story: 5 ways to boost your chances of a mortgage preapproval. Also in the news: How to get free tax help from a human being, […]