Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the difficult question of what money means to you.
Quote of the Day
"If you’re assuming you can get sound advice from those who have undisclosed conflicts of interest, which they resolve in their favor, you’re in for a rude awakening."
(Dan Solin)
Retirement
- On the state of American retirement savings: the good, bad and ugly. (ritholtz.com)
- On the relative effects of increased saving vs. working longer on retirement resources. (getrichslowly.org)
- How to catch up: when you haven't saved enough for retirement. (wsj.com)
- The big questions to ask yourself before retirement. (ft.com)
Social security
- "Were you born before January 1, 1954? If so, there could still be an opportunity to have your Social Security cake and eat it too." (independenceadvisors.com)
- Five myths about Social Security. (humbledollar.com)
Housing
- Kate Wagner, "When planning or searching for your next home, prioritize (and be honest with yourself here) the spaces you and your family will use every day." (curbed.com)
- Why bigger homes are so seductive. (ferventfinance.com)
Paying for college
- 6 ways to lower the cost of college for high-earning families. (whitecoatinvestor.com)
- Saving for college: why a 529 plan is the way to go. (artofmanliness.com)
- 4 great ways to cut college costs. (humbledollar.com)
Lessons
- Eight lesson on how to be better with money culled from Carl Richard's books. (bakadesuyo.com)
- Personal finance should be as simple as possible, but no simpler. (themaven.net)
Advisors
- Adam Grossman, "As you come across financial advice, always ask yourself whether it is generally applicable. If not, ask yourself whether it applies to you. There are lots of good ideas out there. Just be sure that any given idea will be good for you." (humbledollar.com)
- On the value of doing life planning from scratch. (forbes.com)
- Is your advisor a fiduciary? (peterlazaroff.com)
Personal finance
- You have to get your housing and transportation costs right to make a reasonable effort at saving. (awealthofcommonsense.com)
- How to build a financial safety net for yourself before you actually need it. (getrichslowly.org)
- Everyone should understand the basics of compounding. (artofmanliness.com)
- A primer on tax-loss harvesting. (whitecoatinvestor.com)
- How self-employed can budget for income taxes. (morningstar.com)
- The virtues of a Summer job. (nytimes.com)
- Passive income is a lie. (radreads.co)
