Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how Americans define wealth aside from money in the bank.
Quote of the Day
"A high savings rate combined with a low level of lifestyle creep is a personal finance superpower."
(Ben Carlson)
Advisors
- Three edges that most advisor ignore because they are too simple. (thereformedbroker.com)
- The value of a (good) financial advisor is often only known in hindsight. (evidenceinvestor.co.uk)
Robo-advisors
Retirement
- The retirement pyramid including stuff you should avoid at all costs. (tonyisola.com)
- How much would you have earn on your investments to make taking Social Security early? (obliviousinvestor.com)
- Retirees are leaving Florida for Appalachia. (wsj.com)
401(k) accounts
- The ranks of '401(k) millionaires' is growing. (washingtonpost.com)
- Don't forget about your old retirement accounts. (independenceadvisors.com)
Spending
- Jonathan Clements, "Folks like the idea of owning a grand home and driving a new car every three years. But that doesn’t make it financially smart." (humbledollar.com)
- Your savings rate is far more controllable than the return on your savings. (aaii.com)
- Some behavioral hacks to fight lifestyle creep. (rad.family)
- Most of the modern American home is unused/wasted space. (getrichslowly.org)
Personal finance
- Is your portfolio too extreme: questions to ask. (whitecoatinvestor.com)
- Why it's time to revisit your inflation expectations. (humbledollar.com)
- 7 questions women are often afraid to ask about money. (tonyisola.com)
- How a scholarship affects your plan for your 529 plan. (morningstar.com)
- A proposal for 'pension bonds' shows how they could provide income in retirement. (media.economist.com)
- Why spending credit card points feels different. (ritholtz.com)
