Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at what to do if you think you have ‘enough.’
Quote of the Day
"When done properly, the goal of tax planning is not to minimize your taxes. Instead, the goal is to maximize the money that is left after taxes."
(Mike Piper)
Retirement
- Eight things you need to know about retirement including 'Quitting work strains marriages.' (humbledollar.com)
- Not everybody has the luxury of working longer leading up to retirement. (moneymaven.io)
Investing
- Market timing is difficult...the costs of being wrong can be high. (awealthofcommonsense.com)
- Avoiding sequence of returns risk requires a willingness to be flexible. (moneymaven.io)
- Having an advisor help you manage your portfolio does not constitute 'giving up.' (retirementfieldguide.com)
- You're not a robot. It's okay if you are inconsistent on occasion. (humbledollar.com)
401(k) plans
- A closer look at the country's largest 401(k) plan - the Federal Thrift Savings Plan. (morningstar.com)
- Thefts from 401(k) plans are on the rise. (wsj.com)
Decades
- What you need to know about investing in your 30's including 'getting strategic with your debt.' (peterlazaroff.com)
- People in their 40s are not the target of most financial recommendations. (bloomberg.com)
Benchmarks
- Visualizing net worth in the U.S. by age group. (visualcapitalist.com)
- How much people donate to charity, on average. (benningfieldadvisors.com)
Personal finance
- The ten biggest money mistakes people make including 'Paying attention to other peoples’ finances.' (ofdollarsanddata.com)
- Why you should keep your financial shortcuts as short as possible. (morningstar.com)
- There are parallels between our personal relationships and how we deal with money. (tonyisola.com)
- How have your views on money changed over time? (petetheplanner.com)
- How to know if you are financially resilient. (incognitomoneyscribe.com)
- As important as prenuptial agreements are, few couples utilize them. (bloomberg.com)
- How to write your own 'legacy letter.' (humbledollar.com)
