Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the importance of staying off the hedonic treadmill.
Quote of the Day
"I have long argued that the most important lesson of “financial literacy,” one that is never taught in any “financial literacy” classes, is: If I offer you a 20% annual risk-free return, am I lying? The answer is yes, of course."
(Matt Levine)
Retirement
- When it comes to deciding when to take a pension payout the devil is the details. It can help to have someone experienced on your side. (tonyisola.com)
- How a "Social Security bridge payment" works in practice. (forbes.com)
- How quarantine serves a dress rehearsal for retirement. (wsj.com)
- How the pandemic could affect retirement moving forward. (marketwatch.com)
- Early access to pension wealth seems to improve health. (privpapers.ssrn.com)
- Why age 65 is such a sticky retirement age. (privpapers.ssrn.com)
Retirement savings
- If you are in the military this is the best way to approach the TSP. (schwab.com)
- Just because you can take a 401(k) loan under the CARES Act, should you? (petetheplanner.com)
Taxes
- Working remotely in another state? You may have a tax headache on your hands. (wsj.com)
- Things to consider before doing Roth IRA conversion. (morningstar.com)
- Does your state's 529 plan pay for itself in tax benefits? (morningstar.com)
Goal setting
- Sanjib Saha, "Financial freedom is frugality, multiplied by simplicity, compounded by patience." (humbledollar.com)
- Some people have a higher tolerance for debt than others. (humbledollar.com)
- Why is money important to you? (aaii.com)
- Charlie Bilello, "Resolutions are easy. Change is hard." (compoundadvisors.com)
Personal finance
- If you have a side hustle, make sure you treat it like a business. (genyplanning.com)
- 35 ways to jump start your emergency savings including using credit card points to pay for needed purchases. (wsj.com)
- A look at some charities that give directly to families in need. (nytimes.com)
- How Gen Z sees its financial future, including retirement. (morningstar.com)
