Rick Hill and I are thrilled to welcome John Reagan as an additional owner of Hill Investment Group! During the past year we designed a detailed ownership program and are pleased that it provides a sustainable plan for the future of the firm. John has made exceptional contributions to Hill Investment Group. Please join us in congratulating him on his long-term commitment to the firm.

Sometimes our clients come on board with a few bad habits learned from prior investment experiences. They may be focusing on events outside of their control, or they may have confused strategy and outcome (meaning they don’t recognize that their good returns were mere luck). In a recent video from AQR, founding principal John Liew draws a clear difference between good and bad investors. We love his definitions for each, and we’ll continue our work converting more people to good investors. Click here for the video.

There’s a longstanding belief propagated in financial services that withdrawing no more than 4% of your portfolio might provide you with a 30-year time horizon before running out of money. We certainly don’t base our advice on rules of thumb, and in this recent essay, the author reminds readers not to overly rely on any assumed rate of withdrawal. Click here to request a copy of the essay.