Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how satisficing can help you make better money decisions.
Quote of the Day
"Let’s face it. The personal finance industry is a scam for those of us who aren’t already loaded. It’s not that saving money is bad; it’s that, for some reason, we have an entire field of experts who are supposed to be taken seriously when they claim that every single American can get rich."
(Kashana Cauley)
Retirement
- A big fear of early retirees is the challenge of re-entering the workforce. (financialsamurai.com)
- Why retiring without a plan to keep living your life is a mistake. (usatoday.com)
Spending
- When we buy stuff the actual price is almost always higher than what we pay. (nytimes.com)
- In praise of an occasional indulgence. (humbledollar.com)
Debt
- How paying off debt, frees up space in your mind to do other things. (barrons.com)
- Miscalculating the power of exponential growth affects our willingness to take on debt. (wsj.com)
Workplace plans
- Target date funds have relieved a great deal of the burden of having a 401(k) account. (theirrelevantinvestor.com)
- Companies are stepping up help employees build up their emergency savings. (wsj.com)
Personal finance
- The best advice some financial experts have received including "Don’t trust people who ask for money upfront." (wsj.com)
- What to do when your gut disagrees with your model-driven asset allocation? (humbledollar.com)
- Why now is a perfect time to look for a job, even if you don't need one. (ritholtz.com)
- On the high costs of having a large family these days. (financialsamurai.com)
- Just because a couple isn't married doesn't mean they don't need to have life insurance. (monevator.com)
