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NerdWallet: Even smart people make these money mistakes

This article is reprinted by permission from NerdWallet.

Certified financial planner Jill Schlesinger has seen smart people make some pretty spectacular money mistakes.

One client who repeatedly refused to buy disability insurance later developed multiple sclerosis. A doctor she knew put off writing a will and left behind a six-figure tax bill. A technology company engineer balked at her suggestion to sell some of his stock options, only to watch their value and his retirement plans evaporate when the market plunged.

Schlesinger, a CBS News business analyst and author of “The Dumb Things Smart People Do With Their Money,” admits to financial missteps as well, including waiting for “just the right moment” to invest and missing a big jump in the stock market.

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