Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to fix the 403(b) system.

Quote of the Day

"Financial advisors push the notion that every investor needs a customized portfolio—and, indeed, we all like the idea that we have an investment mix specially designed for us. Yet most of us, whether we’re investing on our own or through an advisor, would likely fare just as well, if not better, with a target-date retirement fund."

(Jonathan Clements)