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What is Myopic Loss Aversion and Are You Afflicted with It?

What is myopic loss aversion? For the answer, it helps to break this concept down into its two component parts: investor myopia and loss aversion. Let us begin with the concept of loss aversion. Loss aversion is the tendency for people to feel losses more acutely than...
The Impact of Financial Planning

The Impact of Financial Planning

Evidence from Our Practical Experience and from Research Meghan Hyland, CFP with Matt Taddei, CFP, PhD Our real-world perspective of the benefits of Financial Planning Our many years of experience working with families on their customized financial plans reveal that...

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The Future of Social Security

The Future of Social Security

Our Social Security System has frequently been in the news lately. Much of the recent media attention on Social Security has focused on the efforts of the Department of Government Efficiency (DOGE) to root out what it characterizes as “waste, fraud, and abuse.” Media...

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Cybersecurity Essentials

Cybersecurity Essentials

Protecting Your Digital Assets from Online Threats In a world where we spend so much time online, safeguarding our digital lives has become essential. From personal data to financial information, hackers target our online presence daily, often without us realizing it....

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Retirement and Volunteering: Part 2

Retirement and Volunteering: Part 2

In Part 1 of this series on volunteering in retirement, we explored a summary of research article findings on the many benefits volunteering provides older adults.  In Part 2, we’ll provide a strategic framework designed to help you find your optimal volunteer role....

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Retirement and Volunteering: Part 1

Retirement and Volunteering: Part 1

As described in a previous article, retirement often brings a loss of identity, structure, social engagement, and purpose and meaning. I refer to these as major life bedrocks. What we gain when we retire is autonomy--freedom and control over how we spend our time. One...

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Super Catchup 401K Contribution

Super Catchup 401K Contribution

As you approach the ages of 60 to 63 in 2025, we want to share an important update regarding this milestone. One of the provisions in the Secure Act 2.0 is an enhanced catch-up contribution (Super catch-up) for individuals participating in their employer’s retirement...

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What Happens When We Retire

What Happens When We Retire

Enjoying a happy and fulfilling retirement requires mastering two essential fundamentals: money and time. Just as you should have a formal comprehensive financial plan in place, we believe you should also have a plan for how you will spend your time in retirement. We...

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Election Day Results

Hello WestHill clients and friends. Depending on which side of the political fence you sit, you are either jubilant or depressed about how the national election played out. Whether you are happy or sad, it should be noted that our country has many checks and balances...

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