Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why you need disability insurance.
Quote of the Day
"Save diligently, diversify broadly, buy index funds, think long-term—and pay careful attention to risk. "
(William Bernstein via Jonathan Clements)
Advisors
- How to build trust. (awealthofcommonsense.com)
- Why does a financial advisor need their own financial advisor? (medium.com)
- Everybody's different: how to talk to clients about money. (collaborativefund.com)
- Six ways finance-types get you to part with your money. (ofdollarsanddata.com)
Planning
- Jason Butler, "Being able to cope with shocks is key to maximising financial wellbeing. Just because you are flying high financially, doesn’t mean you’re safe if life throws a curveball." (ft.com)
- A financial plan is only one step in the process. (humbledollar.com)
- The key to financial success is to avoid doing stupid stuff. (independenceadvisors.com)
Frugality
- Do FIRE aspirants really know what they are getting into? (story.californiasunday.com)
- Meir Statman, "Saving is a virtue when you’re young. It’s not a virtue throughout life." (humbledollar.com)
- Oh the irony, frugality is for the rich. (theoutline.com)
Real estate
- What happens when you buy at the top of the residential real estate cycle. (financialsamurai.com)
- Three things to consider before buying rental real estate. (whitecoatinvestor.com)
Investing
- Four investment debates that people can reasonably argue about. (humbledollar.com)
- It's okay to hold some cash, just make sure you are getting a return on it. (thinkadvisor.com)
- The three ways government tries to help individual investors. (morningstar.com)
Spending
- Extended warranties are almost never a good deal. (washingtonpost.com)
- What it's like to go completely cashless these days. (nytimes.com)
Donor-advised funds
- Why donor-advised funds are pretty much a must-have for higher income tax payers. (humbledollar.com)
- Why donor-advised funds are a much more important tool these days. (independenceadvisors.com)
Retirement
- Retirement is far more fluid, jobs-wise, than commonly thought. (nytimes.com)
- Seniors regret not saving more money for retirement. (priceonomics.com)
- Thinking about your retirement decade-by-decade. (themaven.net)
- What is the ideal age to retire? (financialsamurai.com)
Personal finance
- How to come back from a big money mistake. (getrichslowly.org)
- The case for annuities: insuring longevity risk. (morningstar.com)
- The retirement savings challenge of gig workers. (morningstar.com)
- Why women should keep working after their husbands retire, i.e. Social Security. (blogs.wsj.com)
- A creative way to approach investing in small businesses. (whitecoatinvestor.com)
- A significant financial setback can increase the risk of premature death. (fortune.com)
- 11 money lessons from "The Greatest Showman." (whitecoatinvestor.com)
