Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why shifting from saving to spending in retirement is so difficult.
Quote of the Day
"Even for the wealthiest, the coronavirus crisis challenged the notion that money could buy anything."
(Paul Sullivan)
Chart of the Day
Millennials aren’t necessarily worse off than prior generations but they do have their own unique set of issues.
Housing
- Trying to find a house in this market is really stressful. (wsj.com)
- Houses today look at lot different than they did a generation or two ago. (theirrelevantinvestor.com)
- Starter homes are disappearing because nobody wants to own a starter home any more. (awealthofcommonsense.com)
- Sure you can sell your house, but can you buy another one? (wsj.com)
Family
- Don't underestimate the power of childhood experiences to shape money patterns. (monevator.com)
- It all depends: how different couples manage their money. (thomaskopelman.com)
Insurance
- The pandemic boosted the sale of life insurance policies. (wsj.com)
- Chances are you don't need permanent life insurance. (peterlazaroff.com)
529 plans
- Three ways in which 529 plans are getting better. (morningstar.com)
- The number of states nudging residents to open a 529 account are on the rise. (nytimes.com)
- Knowledge about 529 accounts is still pretty sparse. (msn.com)
- 529 plans are largely the province of the wealthy. (financial-planning.com)
Investing
- This is an interesting way to think about owning stocks. (1500days.com)
- Don't kid yourself: we all exhibit behavioral biases. (morningstar.com)
- U.S. Treasury’s Series I savings bonds look pretty good compared to other income assets. (fa-mag.com)
Philanthropy
- Comparing the big donor advised funds. (morningstar.com)
- Some resources philanthropists can use to check up on charities. (morningstar.com)
Aging
- We don't like to think about it, but there is a chance we may 'age alone.' (humbledollar.com)
- Just because you are retired doesn't mean you have to travel. (medium.com)
Personal finance
- There's never a bad time to organize your finances. (safalniveshak.com)
- Why it pays to think about how you spend your time (and money). (humbledollar.com)
- Three reasons to seek out a financial advisor. (evidenceinvestor.com)
- Think carefully before co-signing for a student loan. (tonyisola.com)
- On the many benefits of driving an old, rusty car. (whitecoatinvestor.com)
