Bridging the Confidence Gap
In the world of finance, the effects of the "confidence gap" can be especially apparent.
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When your child has income, there’s a good chance that he or she will need to report it and pay taxes.
You face a risk for which the market does not compensate you, that can not be easily reduced through diversification.
Choosing to bear the financial burden of an adverse event is called self-insuring. Do you know what that entails?