WE HAVE BEEN TOLD DRAMATICALLY INCOMPLETE, IF NOT INCORRECT, INFORMATION ALL THESE YEARS. IN ORDER TO RETIRE COMFORTABLY, WE DO NOT NEED TO SAVE, THEN INVEST, JUST 10-20% OF OUR PRE-TAX INCOME DURING OUR 30-40 YEARS OF EMPLOYMENT. WE REALLY NEED TO SAVE AND INVEST 75% OF OUR INCOME FOR THE FIRST 10 OR 15 YEARS WHEN WE START MAKING MONEY (“Ma, I’m moving back into the basement!). THIS AMOUNT IS INVESTED INTO A PRE-TAX, LOW COST S&P INDEX FUND UNTIL WE RETIRE. I CALL THIS FRONT-LOADING OUR SAVINGS AND INVESTMENTS.

What we actually SAVE, even if our cost of living is much less when we retire, will not be even close to what we need in order to retire for the typical 20-30 years of retirement. We need the additional money brought in by LONG-TERM INVESTMENTS. During our working years, we will be adding fundsContinue reading “WE HAVE BEEN TOLD DRAMATICALLY INCOMPLETE, IF NOT INCORRECT, INFORMATION ALL THESE YEARS. IN ORDER TO RETIRE COMFORTABLY, WE DO NOT NEED TO SAVE, THEN INVEST, JUST 10-20% OF OUR PRE-TAX INCOME DURING OUR 30-40 YEARS OF EMPLOYMENT. WE REALLY NEED TO SAVE AND INVEST 75% OF OUR INCOME FOR THE FIRST 10 OR 15 YEARS WHEN WE START MAKING MONEY (“Ma, I’m moving back into the basement!). THIS AMOUNT IS INVESTED INTO A PRE-TAX, LOW COST S&P INDEX FUND UNTIL WE RETIRE. I CALL THIS FRONT-LOADING OUR SAVINGS AND INVESTMENTS.”

ANCHORING IS A TERM USED IN NEGOTIATIONS AND SALES WHERE AN OFFICIAL SOUNDING OR OFFICIAL APPEARING INFORMATION (e.g. PRICE) MARKS WHERE NEGOTIATIONS SHOULD START. A PRIME EXAMPLE IS MSRP (MANUFACTURER SUGGESTED RETAIL PRICE) ON AN NEW AUTOMOBILE’S WINDOW STICKER.

Anchoring may appear to have foundations in objective reality; a reality which is assumed can be shared. However, with a small amount of investigation, it can be revealed that certain assumptions and expectations favor one party over another. Charles Tadros, MD August 31, 2021 Saint Louis, Missouri

YOU HAVE NO INSIGHTS ON A POSSIBLE ANSWER TO A PROBLEM BECAUSE YOU STILL HAVE NOT FULLY EXPERIENCED THE PROBLEM AND REMOVED ALL ASSUMPTIONS AND EXPECTATIONS ABOUT THE PROBLEM OR POTENTIAL SOLUTIONS.

Charles Tadros, M.D. October 1, 2021 Saint Louis, Missouri

A PSYCHIATRIST MAY MAKE YOU WAIT AN HOUR OR TWO, DESPITE YOUR HAVING SCHEDULED AN APPOINTMENT. ON THE OTHER HAND, MOST TALK THERAPIST TENDS TO BE ON TIME (in fact, if a talk therapist finishes early with a client, the therapist, often, will wait in order to start you on-time for your scheduled appointment, rather than start early with you).

The therapist is strictly setting and meeting expectations with respect to being on time (for you and the therapist). Clients typically understand that they have an exact amount of time with the talk therapist. The client will get the full time with the therapist by starting on time and ending on time. This is aContinue reading “A PSYCHIATRIST MAY MAKE YOU WAIT AN HOUR OR TWO, DESPITE YOUR HAVING SCHEDULED AN APPOINTMENT. ON THE OTHER HAND, MOST TALK THERAPIST TENDS TO BE ON TIME (in fact, if a talk therapist finishes early with a client, the therapist, often, will wait in order to start you on-time for your scheduled appointment, rather than start early with you).”