Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the value of customized client statements.
Quote of the Day
"If you’re a professional money manager, go spend your time on value added activities like estate planning, insurance, tax harvesting, prospecting, general time with your clients or family, or even golf.
If you’re a retail investor, go do anything that makes you happy.
Either way, stop reading my blog and go live your life."(Meb Faber)
- Companies are changing how 401(k) plan participants pay for admin costs. (wsj.com)
- How to fix the 401(k) mess. (bloomberg.com)
Personal finance links
- How to stack the savings/investing formula in your favor. (theirrelevantinvestor.com)
- Client conviction is key. (thereformedbroker.com)
- How to tell a fiduciary from a salesman. (evidenceinvestor.co.uk)
- The danger of advisors giving clients "what they want." (thereformedbroker.com)
- Why women need their own robo-advisor. (etf.com)
- The downside of having too many advisors. (fmdcapital.com)
- What kind of returns can you expect on Social Security? (awealthofcommonsense.com)
- Americans are buying less life insurance. (bloomberg.com)
- Three reasons why you need a will. (timmaurer.com)