Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how you should approach your spending needs.
Quote of the Day
"Much of life is too complex to optimize but not so complex to neglect."
(Mike Dariano)
SECURE Act
- Allowing annuities into 401(k) plans is a big mistake. (tonyisola.com)
- How the SECURE Act is changing how 529 accounts can be spent down. (nytimes.com)
Retirement
- Retirement is looking more like a glidepath than a cliff these days. (wsj.com)
- What to do if you want to 'un-retire.' (nextavenue.org)
- Why going from saving to spending in retirement is so difficult. (humbledollar.com)
- Nine mistakes people make when downsizing their homes. (nextavenue.org)
Quotes
- Jacob Schroeder, "Like personal development, financial planning is a continued pursuit of living the best life you can." (blog.acadviser.com)
- Vishal Khandelwal, "The more we think that a lot of money is what we need to live happily, and the more we associate money with most things in life, the more we convince ourselves that we are too poor to buy our freedom." (safalniveshak.com)
- Douglas Boneparth, "When we fail to layout the steps and actions we need to take to achieve our goals, we increase the probability that we will fail to achieve anything." (bonefidewealth.com)
Mindset
- Coming to terms with money is a process, not an event. (humbledollar.com)
- Why turning financial advice into action is difficult. (thesimpledollar.com)
- Boring wins when it comes to your personal finances. (livingwithmoney.com)
Personal finance
- Seven easy money moves including: setting up an emergency savings fund. (morningstar.com)
- Highly compensated employees need to adjust their contributions to ensure they max out their employee match. (humbledollar.com)
- How to know if muni bonds are right for you. (morningstar.com)
- Chase is upping the annual fee on its popular Chase Sapphire Reserve credit card by $100 a year. (cnbc.com)
- Should spouses have separate checking accounts? (petetheplanner.com)
- Men and women approach savings goals differently. (papers.ssrn.com)
