Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why retirement planning is a moving target.

Quote of the Day

"A TIPS is risky in the short term and riskless in the long run, which is precisely the opposite of, and complementary to, a T-bill, which is riskless in the short term but, because of reinvestment rate volatility, risky in the long run."

(William Bernstein)

Chart of the Day

How to think about your cash in the new era of banking. (chart via @ycharts)