Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why new retirees tend to underspend early in retirement.
Quote of the Day
"The entirety of personal finance can be drilled down to one question: Am I going to be OK?"
(Ben Carlson)
Chart of the Day

You have to squint pretty hard to see a trend in international equity correlations.
Podcasts
- Cameron Passmore and Benjamin Felix talk with Jennifer Risher author of "We Need To Talk: A Memoir About Wealth." (rationalreminder.libsyn.com)
- Mad Fientist talks FIRE with Ramit Sethi author of "I Will Teach You to Be Rich." (madfientist.com)
- Emlen Miles-Mattingly talks money mindsets with Dasarte Yarnway. (podcasts.apple.com)
Housing
- First-time homebuyers are in a real bind at the moment. (awealthofcommonsense.com)
- Covid is prompting Baby Boomers to move closer to their children and grandchildren. (wsj.com)
Wealth
- Getting rich suddenly is seemingly everyone's dream but it causes a number of problems as well. (awealthofcommonsense.com)
- If wealth creation is getting weirder, don't be surprised if philanthropy follows. (bloomberg.com)
- New found wealth creates all manner of new emotions. (abnormalreturns.com)
Scarcity
- You can't make good money decisions if you are living in a world of scarcity. (tonyisola.com)
- Financial literacy won't fix poverty. (msmagazine.com)
Investing
- There's no such thing as a perfect portfolio. (retirementresearcher.com)
- The prospects for inflation don't change what you are trying to accomplish with your portfolio. (peterlazaroff.com)
- Five timeless investment lessons from David Booth including "Have a philosophy you can stick with." (evidenceinvestor.com)
- A first-hand account of being a part of an investment scam. (humbledollar.com)
Retirement
- For most people delaying Social Security claiming makes financial sense. (bloomberg.com)
- Does withdrawal frequency affect retirement outcomes? (thepoorswiss.com)
Personal finance
- Sometimes when it comes to money, the best thing you can do for someone is just listen. (moneyning.com)
- Why parents should elevate the importance of money discussions with their kids. (stockcharts.com)
- Three ways to spend your momey that research shows has a meaningful impact on your happiness. (msn.com)
- 'Sludge', or how some financial services providers get you to act against your own best interest. (investmentnews.com)
- Twelve personal finance numbers everyone needs to know. (thomaskopelman.com)