Daniel Kahneman, a Nobel Prize-winning psychologist, passed away in March at the age of 90.  Many investors may not be familiar with him, but he has had a profound impact on the field of behavioral finance through his pioneering research on human decision-making and cognitive biases. Kahneman, along with his collaborator Amos Tversky, introduced groundbreaking insights into the ways in which individuals deviate from rational decision-making models outlined in traditional finance theory. Their work challenged the assumption of Homo economicus, the rational economic actor, by demonstrating ..read more

Losing a spouse or partner is undoubtedly one of the most challenging experiences a person can face. Amidst the waves of emotion and grief, navigating the practical aspects of life, particularly finances, can feel overwhelming. The financial implications of losing a partner can be profound and require careful attention during such an emotionally vulnerable time. In this blog post, we’ll explore some financial first steps for surviving spouses to help ease the burden and provide a sense of stability during a difficult period. Take Time to Grieve Before addressing financial matters, it’s cruci ..read more

ARLINGTON, Va.— RTD Financial has been named to the National Association of Plan Advisors’ (NAPA) list of the nation’s top defined contribution (DC) Advisor Teams with assets under advisement of at least $100 million. Unlike other lists, this focuses on individual firms, or what may, in a wirehouse environment, be referred to as a team, or office, and the assets under advisement related to their defined contribution (DC) practice, specifically in a single physical location. RTD has been recognized by the National Association of Plan Advisors as a Top DC Advisor Team each year since the inaugur ..read more

Social media has a major influence on our lives, it is a source for communication, connection, and even how we make financial decisions when purchasing products. The rise of influencers on these platforms promoting products and posting their lavish lifestyle can have a significant impact on our own financial decisions. It is important as we scroll through social media that we recognize advertising tactics, and the influence social media plays in our financial choices. In this blog post, we will explore the ways in which social media can impact our financial decisions and discuss strategies to ..read more

In a society dominated by cutting-edge technology and innumerable financial apps promising to simplify our lives, the role of a traditional financial planner may seem obsolete to some. However, as we navigate the complex landscape of personal finance, the human touch provided by a skilled financial planner remains indispensable. Here are several reasons why individuals should still rely on a real person for their financial planning needs. Personalization and Understanding: Financial apps are designed to cater to a broad audience, employing algorithms that offer generic advice based on data i ..read more

Our firm was founded on the principles of integrity, professionalism and exceptional client service. We are also deeply committed to continuous improvement. Our dedication to doing what is best for our clients prompted us to engage CEFEX, the Centre for Fiduciary Excellence, of Broadridge Fi360 Solutions, to audit our processes. For the last 12 years, we have voluntarily undergone rigorous annual assessments to ensure we meet CEFEX’s standards. After once again going through the audit this year and carefully evaluating our procedures, we are proud to share with you that RTD Financial has earne ..read more

By instilling an understanding of money, budgeting, and investing early on, you can equip your children with vital skills that will serve them well throughout their lives. In this blog post, we will explore the positive aspects of teaching kids financial concepts and how it fosters a solid foundation for their future financial well-being. Building a strong financial foundation: Introducing financial concepts to children at an early age helps build a strong foundation for their financial future. You can start by explaining basic financial terms such as saving, budgeting, and earning. Knowing ba ..read more

RTD Financial is pleased to share that our firm has once again been named to CNBC’s annual Financial Advisor 100 list. The list recognizes the top advisory firms nationally that are helping clients navigate through their financial lives, and RTD is extremely proud to have been named to the list every year since its inception. CNBC’s ranking takes a number of factors into account, ranging from firms’ compliance record and years in business to total accounts and assets under management. This year, RTD is ranked number 23 after making through a rigorous process that included meeting CNBC’s propri ..read more

In our increasingly digital world, we must continually prepare for the threat of cyberattacks and hacking incidents. RTD has and will continue to send our resources and tips to stay secure online and protect your digital footprint; however, these tips simply help to mitigate the risk and cannot completely eliminate it. It can be stressful and scary to find out that your personal information or online accounts have been compromised, but it is important to remain calm and take immediate action to limit the damage caused. Below are essential steps to follow if you’ve been hacked, empowering you t ..read more

Mind the Gap The phrase “Mind the Gap” was first introduced in 1968 on the London Underground in the United Kingdom.  It is an audible or visual warning phrase issued to rail passengers to take caution while crossing the spatial gap between the train doorway and the station platform edge.  The warning is meant to prevent potential serious bodily injury to travelers. Morningstar recently published their annual “Mind the Gap” report, which also is meant to prevent potential serious injury.  But in their case, the injury they are attempting to prevent is to investors’ long-term ret ..read more