Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how the new tax law will change charitable giving.
Quote of the Day
"If it [Wall Street] can persuade individuals that they’re foolish and best served by professionals peddling sophistication, the Street has itself a double win: It can charge investors for high-priced handholding—and it can sell them overly expensive, over-engineered financial products."
(Jonathan Clements)
Financial salespeople
- Seven examples of horrible financial salesperson behavior. (humbledollar.com)
- Don't let a free steak dinner fool you into investing in a highly inappropriate equity indexed annuity. (nytimes.com)
Retirement
- While our current retirement system isn't great, let's not think the old one was much better. (awealthofcommonsense.com)
- There is no "no real, perfect spending rule" in retirement. There things we can do to guide our way forward. (rivershedge.blogspot.com)
- We aren't that rational when it comes to most stuff, why should we think that beliefs about retirement should be any different? (tonyisola.com)
- Incentives have made it more attractive for the 60+ crowd to keep working. (papers.ssrn.com)
- Six lessons learned on living a more rewarding retirement. (mutualfundobserver.com)
Donor-advised funds
- How to setup and use a donor-advised fund at Vanguard or Fidelity. (whitecoatinvestor.com)
- What you need to know about donor-advised funds. (independenceadvisors.com)
Money psychology
- Money scripts have a big (unconscious) pull on our behavior. (blairbellecurve.com)
- Children watch their parent's money habits like a hawk. (humbledollar.com)
- We are less variety-seeking in the morning. (papers.ssrn.com)
FIRE
- Some common blindspots on the way to financial independence including underestimating the cost of having kids. (financialsamurai.com)
- How a portfolio manager escaped the rat race. (news.efinancialcareers.com)
Personal finance
- Managing a family's finances involves a lot of moving parts, not least of which is understanding. (awealthofcommonsense.com)
- Having financial goals is important but you need to recognize that that is just one representation of reality. (moneymaven.io)
- Three things that help constitute financial success. (humbledollar.com)
- Some criteria to grade your past year that have nothing to do with money. (moneymaven.io)
- Refinancing debt is very different than extinguishing debt. (mullooly.net)
- Ideally your house is near a highway, but not too near. (wsj.com)
