Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why your health is the best investment.
Quote of the Day
"The neighborhood or industry or peer group you choose has a lot to do with whether you’re relatively rich or not."
(Seth Godin)
Podcasts
- Laurie Santos talks with psychologists Joshua Green about how to give money away more effectively. (podcasts.apple.com)
- Jordan Harbinger talks minimalism with Joshua Fields Millburn. (jordanharbinger.com)
- Moira Aaarons-Mele talks anxiety and burnout with Dr. Judson Brewer and Charles Duhigg. (hbr.org)
Family
- Why discussions about money are so important in a relationship. (wealthfoundme.com)
- Early Roth contributions for children are a great way to take advantage of compounding. (humbledollar.com)
Retirement
- Six things you can do to stretch assets in retirement. (morningstar.com)
- A Monte Carlo simulation is a beginning point for your retirement plan, not the be all, end all. (humbledollar.com)
- Should retirees adjust their portfolio based on high equity valuations? (morningstar.com)
- On the benefits of optionality later in life. (rogersplanning.blogspot.com)
- Retirement means more when you are healthier. (humbledollar.com)
Taxes
- The circumstances under which tax-loss harvesting works best. (wsj.com)
- More states are using tax incentives to increase 529 contributions. (wsj.com)
- Some tax-efficient things to do with a year-end bonus. (financialducksinarow.com)
Investing
- The pros and cons of direct indexing. (wsj.com)
- What it's like to live with a one-fund portfolio. (obliviousinvestor.com)
- Cameron Rufus, "When you have your values in order – your why – it makes investing and building ‘wealth’ a whole lot easier." (wealthfoundme.com)
Planning
- When it comes to your money you should focus on process over outcomes. (italkaboutmoney.com)
- Hiring an advisor frees up time to do other things in life. (peterlazaroff.com)
- Why you should have a bias toward action. (youngmoneyweekly.substack.com)
Personal finance
- Chris Guillebeau, "The easiest asymmetrical risk you can take is to simply go through life asking for what you want." (chrisguillebeau.com)
- Don't begrudge some one because they got a good deal. (humbledollar.com)
- Your job will never love you back. (tonyisola.com)
- The best personal finance books to gift this holiday season including "Invest Your Way to Financial Freedom" by Ben Carlson and Robin Powell. (bankeronwheels.com)
- What to know before going to buy a new car. (moneyunder30.com)
- How many subscriptions is too many? (wired.com)
