Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why you shouldn’t optimize your downtime.
Quote of the Day
"In the end, all of your money will be converted back to time anyways."
(Nick Maggiulli)
Podcasts
- Christine Benz and Jeff Ptak discuss the recent "The State of Retirement Income" report. (morningstar.com)
- Peter Lazaroff on what to do with unneeded RMDs. (peterlazaroff.com)
Risk tolerance
- Five behavioral tricks for long-term investors including 'Have a small side account.' (blog.validea.com)
- We've all got out own pain threshold. (bestinterest.blog)
- On the difference between risk tolerance and risk perception. (morningstar.com)
- Can you tweak your risk tolerance? (whitecoatinvestor.com)
- How market shocks affect our perceptions of risk. (abnormalreturns.com)
Housing
- Housing prices matter more to Baby Boomers than stock prices. (awealthofcommonsense.com)
- Making homeownership so central to our financial lives has been a mistake. (theatlantic.com)
- Rising mortgage rates have reset the single family rental game. (wsj.com)
Retirement
- Why you need a plan in retirement. (washingtonpost.com)
- Rising interest rates change the retirement income equation. (alephblog.com)
- Retirement planning tools largely help those capable of saving more. (papers.ssrn.com)
- Why FIRE is an empty goal. (whitecoatinvestor.com)
Spending
- What it means when you buy your pants at Costco ($COST). (radreads.co)
- All the questionable reasons we buy stuff we don't need. (humbledollar.com)
- A question you should ask any salesperson. (fortunesandfrictions.com)
Investing
- Bob Lai, "Your portfolio is like a bar of soap, the more you touch it, the smaller it’ll get." (tawcan.com)
- Why you don't see honest, boring investors in the headlines. (ofdollarsanddata.com)
Family
- Six conversations to have with your family, parents/children/spouse, over the holidays. (morningstar.com)
- When a spouse dies, the financial to-dos kick in. (aarp.org)
Personal finance
- Darius Foroux, "A financially consistent person is dedicated to getting richer just a little bit, year after year. It’s about doing the least amount of saving and investing to grow one’s net worth." (dariusforoux.com)
- Money lessons from 'The White Lotus' including "Money can buy comfort but not happiness." (awealthofcommonsense.com)
- Everything good in life comes with a tax. (tonyisola.com)
- 11 things Millennials should be doing to get their finances in order. (thomaskopelman.com)
- Suffice it to say, IRMAA is complicated. (humbledollar.com)
- A lot of Americans are set to receive 1099-Ks. (axios.com)
- Don't discount the benefit of using a credit union. (humbledollar.com)
- Three money columnists worth reading including Ron Lieber. (iwillteachyoutoberich.com)
