Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at what really matters for your finances.
Quote of the Day
"There is no objective level of wealth, because people compare themselves to other people’s money while adjusting to their own. It’s always been that way and will always be that way."
(Morgan Housel)
Retirement
- Robert Cochran, "My advice to other retirees is to stay healthy, stay busy, and make it a point to spend some time doing things that bring joy and fulfillment to those whose lives are a struggle. Let’s be grateful for what we do have." (mutualfundobserver.com)
- Why we are so reluctant to annuitize our retirement savings. (humbledollar.com)
- Early retirement can accelerate cognitive decline. (sciencedaily.com)
Happiness
- Cullen Roche, "Sometimes in life we have to choose to put money second...because it’s more fun to invest the money in a hot dog at a baseball game than it is to invest in stocks." (pragcap.com)
- How to spend your money so it actually increases your happiness. (bigthink.com)
Spending and saving
- Jim Wasserman, "How can we nudge ourselves along the long, uneven path of saving and delayed gratification?" (humbledollar.com)
- Part of getting a better handle on your spending is not caring what other people think. (whitecoatinvestor.com)
- Want to save money on a service? Be persistent. (soundmindinvesting.com)
Distributions
- Why QCDs are a tax-efficient way of donating to charity. (morningstar.com)
- What to do with RMDs that you don't want or need. (peterlazaroff.com)
Found money
- Sarah Newcomb, "Try redefining found money as found security. It’s an unexpected lift to your net worth, however small. It’s extra safety. Found support." (morningstar.com)
- Low mortgage rates are a boon for consumers. (awealthofcommonsense.com)
Personal finance
- Don't complicate your financial life more than necessary. (thesimpledollar.com)
- Why you should ask any financial advisor if they are a fiduciary, 100% of the time. (businessinsider.com)
- How to compare your health plan options this enrollment season. (humbledollar.com)
- What to think about when planning for the eventuality of long-term care. (morningstar.com)
- What parents need to understand before borrowing to pay for college. (wsj.com)
- Why talking about generations can be misleading - we all want a lot of the same things. (bonefidewealth.com)
