Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to handle the mortgage refinancing crush at the moment.
Quote of the Day
"The most effective interventions focused on the selfish, salient, and simple. Tell a man how to fish and he’ll forget. Sit with people about how to save into a tax advantage account and they’ll actually do it."
(Mike Dariano)
CARES Act
- What you need to know about the CARES Act. (independenceadvisors.com)
- How to take money out of your IRA, penalty-free this year. (thereformedbroker.com)
- How to safely take money out of your IRA in 2020. (cnbc.com)
To Dos
- Ten things to do to boost your personal economy while you are stuck at home including "Shop for a better deal on car or property insurance." (petetheplanner.com)
- Clean up your personal financial paperwork while at home. (buckinghamadvisor.com)
- Ten sources of emergency cash, ranked from best to worst. (morningstar.com)
Retirement
- Should the bear market change your Social Security claiming strategy? (obliviousinvestor.com)
- How refinancing a mortgage can boost cash flow in retirement. (barrons.com)
- How the coronavirus is getting us all to think like retirees. (humbledollar.com)
Post-coronavirus
- What is the economy going to look like in a few months time? (thereformedbroker.com)
- A lot has changed over the past month, but these things have not. (monevator.com)
Personal finance
- On the importance of taking small, positive steps. (humbledollar.com)
- A successful buy-and-hold strategy requires holding through the down periods. (awealthofcommonsense.com)
- A fun example of how the snowball method of debt repayment works. (thesimpledollar.com)
- Sometimes retirement savings has to go on the back burner. (tonyisola.com)
- Now may be time to convert to a Roth IRA. (wsj.com)
