Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the definition of ‘true wealth.’
Quote of the Day
"Complex, adaptive systems do not owe you the satisfaction of being neat, easy, clean or compact enough to be shoehorned into some sort of axiomatic nursery rhyme."
(Josh Brown)
Advisors
- Financial advisors recommend poorly constructed portfolios because that is what they invest in themselves. (papers.ssrn.com)
- Why it's still difficult to compare advisor fees. (blogs.wsj.com)
- Three social media tips for advisors. (thinkadvisor.com)
- How to fire a difficult client. (advisorperspectives.com)
- What is financial self-efficacy? (kitces.com)
Retirement
- It's time to re-think the 4% retirement 'rule.' (wsj.com)
- Why in most cases delaying your Social Security benefits is a good way to maximize your benefits. (humbledollar.com)
- The (financial) challenges of getting married later in life. (nextavenue.org)
- Why there is a spike in death rates for men at age 62. (wsj.com)
Millennial money
- Why Millennials should embrace a bear market. (bloomberg.com)
- Why young parents need to do some estate planning. (independenceadvisors.com)
- Stash is yet another option for novice savers. (avc.com)
Alson on Abnormal Returns
- Want to make better decisions? Annie Duke has thoughts for you "Thinking in Bets." (abnormalreturns.com)
- Our February book link round-up includes highlights of "Brotopia," "The Case Against Education" and "Off the Charts." (abnormalreturns.com)
Personal finance
- Taking stock of your portfolio during a market correction. (humbledollar.com)
- Some mistakes people make when buying insurance. (wsj.com)
- Round numbers may not be right number for your finances. (behavioralscientist.org)
- When spending money to buy yourself time makes sense. (castlebaram.com)
- How to build financial empathy for others. (getrichslowly.org)
- Five steps to a better 401(k). (humbledollar.com)
