Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at some cautionary takes on the FIRE movement.
Quote of the Day
"FIRE is basically like eating broccoli – accessible to pretty much anyone, but hard to do consistently. It starts with four basic financial concepts: spend less, save more, invest aggressively, and grow your income."
(Khe Hy)
FIRE
- One thing the FIRE movement gets right: a focus on savings. (humbledollar.com)
- Early retirement won't make you a better version of yourself. (youngfiguy.com)
Retirement savings
- Retirement plans don't come without some sacrifice. (tonyisola.com)
- The retirement savings system is currently set up to maximize regret on the part of participants. (theatlantic.com)
Estate planning
- 3 keys to successful estate planning. (investornews.vanguard)
- Younger generations need to tend to their life insurance needs. (forbes.com)
Goal setting
- Financial goals come before investment strategies. (monevator.com)
- Personal financial advice is not one-size-fits-all but that's okay. (ferventfinance.com)
Mistakes to avoid
- There are very few circumstances under which you should lend friends and/or family money. (marketwatch.com)
- The seven deadly sins of highly compensated financial advisers. (humbledollar.com)
- DON'T cash out your 401(k) to pay for an expensive private college. (slate.com)
Contrary thinking
- Tax-loss harvesting doesn't always make sense. Sometimes tax-gain harvesting is the right choice. (morningstar.com)
- Not every couple should be saving the max in their 401(k) plan(s). (blairbellecurve.com)
Personal finance
- A closer look at the most popular HSA plans. (morningstar.com)
- 10% of charitable giving now goes to donor-advised funds. (nptrust.org)
- Why it's so easy to overspend on eating out while justifying it. (indystar.com)
- On the sorry state of financial literacy. (humbledollar.com)
- On the disadvantages of inherited wealth. (thefinancialbodyguard.com)
