Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at what to do when you own a boatload of company stock.
Quote of the Day
"Your cognitive biases won’t cease to exist just because you read about them in a book. The best chance we have of accomplishing our financial goals is to remove ourselves from the tasks we’re just not very good at."
(Michael Batnick)
Retirement
- Start saving early and plan on working longer: the key to retirement. (awealthofcommonsense.com)
- Why we need to re-frame how we think about retirement. (ft.com)
- Retirement is a state of mind. (330ramp.com)
Social Security
- Social Security is the Rorschach test of retirement. (humbledollar.com)
- How taxes play a role in when you should take Social Security. (obliviousinvestor.com)
Conflicts
- Wall Street 'professionals' are called that because they do it for the money. (tonyisola.com)
- When your adviser buys you drinks or dinner, remember you are ultimately paying for them. (evidenceinvestor.com)
Warnings
- Your safe deposit box may not be as secure as you think it is. (nytimes.com)
- Two signs of a potential scam. (worth.com)
Spending
- Don't be fooled by outward appearances. There need not be any correlation between financial health and outward appearances. (humbledollar.com)
- What is the 'Diderot effect' and why is it an expensive proposition? (thesimpledollar.com)
Investing
- What is your 'personal investment philosophy.' (ofdollarsanddata.com)
- When you should consider 'tax gain harvesting.' (morningstar.com)
- DIY investors are teaming up to do private equity-type deals. (nytimes.com)
Goals
- There is a big difference between physical wealth and social wealth. (humbledollar.com)
- Goals and behavior have to be reassessed from time to time. (petetheplanner.com)
- Having a full picture of your money situation and being able to talk about goes a long way toward financial satisfaction. (theatlantic.com)
Personal finance
- Five steps to ensure you and your partner are on the same financial page. (nextavenue.org)
- What options do you have with your 401(k) when you leave your job. (humbledollar.com)
- When did the 529 plan landscape get so complicated? (morningstar.com)
- A guide to how to assess your insurance needs. (morningstar.com)
- The surge in 'gray divorce' is putting individuals at financial risk. (advisorhub.com)
