Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including the history of the IRA account.
Quote of the Day
“Every single financial decision is either moving you toward or away from your ideal life,” he said. “To me, that’s a fascinating idea. People said, am I going to do the things that I want to make me happy, or am I going to go after money? Your ideal self and your financial self are often at war.”
(Joe Duran)
Personal finance
- Personal finance is all about aligning our values and priorities. (awealthofcommonsense.com)
- 4 out of 5 American households are not saving enough for retirement. (bencarlsonyahoofinance.tumblr.com)
- What happens to empty nester spending when the kids leave the house. (bloomberg.com)
Investing
- What NCAA brackets teach us about investor bias. (nytimes.com)
- A visual trick to help you with your investments. (businessinsider.com)
- How to avoid the financial "complexity tax." (caniretireyet.com)
Financial advisors
- How to start a RIA without breaking the bank. (kitces.com)
- The challenge (and opportunity) of robo-advisors for financial advisors. (davidnelsoncfa.tumblr.com)
- Four tips on how to break up with your financial advisor. (bloomberg.com)
Books
- Five spending habits of the wealthy. Insights from "The Thin Green Line: The Money Secrets of the Super Wealthy" by Paul Sullivan. (fortune.com)
- An interview with Ron Lieber author of "The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money."* (mint.com)
401(k)
- Automatic enrollment for 401(k) plans works. (blog.abglobal.com)
- Company stock in a 401(k) plan is a big no-no. (nytimes.com)
