Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why you can choose not to play the alpha game.
Quote of the Day
"The point of investing isn’t to pick the next big winner. Rather, the point is to achieve crucial goals like paying for the kids’ college and our own retirement—and we put those goals at risk every time we make a big investment bet."
(Jonathan Clements)
Retirement
- How not to let a 'gray divorce' ruin your retirement. (tonyisola.com)
- Choosing among Medicare plans is no small feat. (theincidentaleconomist.com)
- A retirement readiness checklist. (morningstar.com)
- The 25 best places to retire in the US. (forbes.com)
FIRE
- Why a change in perspective from retirement to financial independence makes sense now more than ever. (moneymaven.io)
- Chris Mamula, "It is important to make a distinction between retiring early and claiming Social Security benefits early." (marketwatch.com)
Housing
- Remodeling your house? Read these 11 tips first. (humbledollar.com)
- Jumbo mortgage rates are all over the board right now. (wsj.com)
- The under-$150,000 new home has virtually disappeared. (calculatedriskblog.com)
Spending
- Michael and Ben talk about how to spend money. (awealthofcommonsense.com)
- Minimalism isn't just about getting rid of stuff. (thewaiterspad.com)
Investing
- Christine Benz, "Clearly, experience matters in relation to risk tolerance: The more adverse market situations that you go through, and recover from, the more comfortable you tend to be with them." (morningstar.com)
- Dollar-cost averaging is an inferior strategy, but is better than sitting in cash for the long haul. (thefinancialbodyguard.com)
Personal finance
- Don't discount the value of even small steps to get your financial life moving in the right direction. (genyplanning.com)
- Six life events that should get you to consider hiring a financial planner. (thomaskopelman.com)
- The pros and cons of giving 401(k) participants data on how much their holdings provide in lifetime income. (morningstar.com)
- 20 questions about 529 plans, answered. (financialducksinarow.com)
- New Jersey is proposing a 'baby bond' to help close the wealth gap. (nytimes.com)
