Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at threats to the AUM model.
Quote of the Day
"At the core of those who oppose the new fiduciary rules is a basic belief: People ought to bear more responsibility for monitoring their finances and lives."
(Charles Duhigg)
Robo-advisors
- What Mr. Money Moustache thinks about the changes at Betterment. (mrmoneymustache.com)
- Wealthfront's Path is automating the financial planning process. (blog.wealthfront.com)
- Why Betterment beefed up its offerings including human advisors. (etf.com)
Fiduciary rule
- Why advisors should act like fiduciaries, rule or not. (thinkadvisor.com)
- The fiduciary rule is here to stay. (washingtonpost.com)
- Where the big brokers stand on the fiduciary standard. (wsj.com)
Books
Savings apps
- Apps are the new way to save. (blogs.wsj.com)
- There are suddenly half a dozen startups eager for your first saved dollar. (fastcompany.com)
Retirement
- How to mess up your 401(k) rollover. (thebillfold.com)
- What you need to know about RMDs. (wsj.com)
- Mental accounting and the hierarchy of retirement needs. (kitces.com)
Financial planning
- Tim Brennan, "Real financial planning involves helping people use the resources they have to design lives that they love. It is as much about planning lives as it is planning finances." (ariadnewa.com)
- Stop selling and start listening. (behaviorgap.com)
- It's hard to fill CFP positions these days. (cnbc.com)
- The six greatest sins of insurance agents including selling life insurance on children. (whitecoatinvestor.com)
