The Tax Cuts and Jobs Act has created a unique and time-sensitive retirement planning opportunity that will sunset in 2025.

"Do not trust the horse, Trojans. Whatever it is, I fear the Greeks even when they bring gifts." 

The reason most active managers fail to outperform their benchmarks is not simply due to their higher fee structure. They fail because they fail to recognize  that the markets are random. 

Daniel Kahneman breaks down our decision-making process into two systems: System 1 is intuitive and emotional. System 2 is deliberative and logical. Understanding how System 1 and System 2 work together is critical. 

The challenge with our System 1 and System 2 thinking is when we "think" we are an expert, or we have a life experience that impacts us. This perception of "expertise" or the impact of life experience can shape our decision-making process in a profound way. 

What do Circuit City, Fannie Mae and Pitney Bowes all have in common? They have all been remarkable failures and were three of the eleven "Great Companies" identified in Jim Collins' Good to Great book.  

The challenge with our cognitive biases is that they tend to influence us most at the extreme  ends of the spectrum. And it's at these extreme ends of the spectrum where we may need to ignore them the most.