Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the challenging math behind home ownership.
Quote of the Day
"As much as I know that luck exists and has profound effects on our lives, I also know that this belief gives away our agency and power. It makes us victims of circumstance rather than masters of our fate."
(Nick Maggiulli)
Podcasts
- Joe Weisenthal and Tracy Alloway talk with Morgan Housel about how to think about money. (podcasts.apple.com)
- Christine Benz and Jeff Ptak talk with Michael Santoli about the state of the stock market and economy. (morningstar.com)
Home ownership
- House ownership isn't for everyone. (awealthofcommonsense.com)
- Why you should keep track of the tax basis of your house. (morningstar.com)
- Read the fine print when it comes to home energy rebates. (humbledollar.com)
Investing
- How the introduction of the IRA changed how Americans invest. (awealthofcommonsense.com)
- What you need to understand about employee stock purchase plans. (thomaskopelman.com)
- Five risks from a concentrated stock position. (peterlazaroff.com)
Family
- Most adult Americans rely on support from their parents in some way. (sciencedaily.com)
- Americans are increasingly open to the idea of signing a prenup. (axios.com)
- How to make money discussions less stressful. (fatherly.com)
Decisions
- A look at the basics of Social Security benefits and claiming dates. (morningstar.com)
- There are a lot of decisions to make when it comes to health insurance. (genyplanning.com)
- For the self-employed: how to choose between a SIMPLE and SEP IRA. (morningstar.com)
- A first-hand account of the case for hiring a tax preparer. (wsj.com)
Personal finance
- When it comes to your money, extremes aren't great. (mr-stingy.com)
- A wider range of outcomes than you think is always possible. (tonyisola.com)
- Leverage, not the financial kind, is the fuel to generate wealth over time. (ofdollarsanddata.com)
- What the 'Matthew effect' tells us about wealth. (dariusforoux.com)
- Want to be happier in retirement? Volunteer. (marketwatch.com)
- Why your estate plan should include this letter. (contessacapitaladvisors.com)
- The problem with comparing ourselves to others. (humbledollar.com)
- Why it is so hard to slow down. (bestinterest.blog)
