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What separates sensible investing from reckless speculating?

Nobody likes to think about death or incapacity and as a result many people put off estate planning until it's too late. But you can save your loved ones a lot of headaches by having certain documents in place.

A Certificate of Deposit or “CD” for short is an agreement to keep a deposit at a savings institution for a specified term that can be as short as a few months or as long as a decade. In exchange for doing so, savers receive interest on their deposits that build up until their maturity date when the funds can be withdrawn or rolled into a new CD.

Many threats to your retirement will arise from your personal and family life. On our most recent radio show, a listener called in to discuss one of the most difficult: the passing of a spouse.

When pre-retirees were asked about the age they think they will retire, the average response was age 66. The only problem is, when the retired people in the survey were asked when they actually retired, the average response was age 61.

If a genius like Sir Isaac Newton can get swept up in an investor mania and fall victim to his own emotions, then clearly no amount of intelligence can guarantee against investing mistakes.