Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to be happy for someone else.
Quote of the Day
"Money’s job is to buy you the life you want. It has no other purpose."
(Dan Haylett)
Podcasts
- Christine Benz and Amy Arnott talk with Elliott Appel, author of "How to Help Your Parents As They Age: A Financial Planner’s Guide to Caregiving." (morningstar.com)
- Four insights from "Gouged: The End of a Fair Price — And What That Means for Your Wallet" by Lindsay Owens. (npr.org)
Books
- Eight books Christine Benz recommends including "Tax Planning To and Through Early Retirement" by Cody Garrett and Sean Mullaney. (morningstar.com)
- Ten books Amy Arnott recommends including "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World" by Robin Wigglesworth. (morningstar.com)
Wealth
- Who's rich in America? A lot of business owners... (ofdollarsanddata.com)
- Five insights from "The Everywhere Millionaire: Who Is Really Rich in America and How They Got There" by Owen Zidar and Eric Zwick. (nextbigideaclub.com)
- Ben Felix and Cameron Passmore talk with Owen Zidar, co-author of "The Everywhere Millionaire." (rationalreminder.libsyn.com)
- Who actually gets rich in America? (yourbrainonmoney.substack.com)
AI
- AI likely won't ruin your retirement. (mrmoneymustache.com)
- Why the risk from AI feels remote. (behaviouralinvestment.com)
Family
- Why are more young adults still living with their parents? (crr.bc.edu)
- How to add a child to your auto insurance. (nytimes.com)
- Communicate with your partner in the manner they prefer. (readthejointaccount.com)
Retirement
- Stop obsessing over safe withdrawal rates. (melizabethgeorge.substack.com)
- Not everybody gets to decide when they retire. (retirementresearcher.com)
- On the planning challenges of couples with big age gaps. (kiplinger.com)
- How to read a Monte Carlo retirement simulation. (barrons.com)
Personal finance
- When it comes to financial planning, 'good enough' beats 'perfect.' (earnandinvest.com)
- 12 financial ideas that actually matter, including 'Avoid “interesting” investments.' (humbledollar.com)
- How social comparison went off the rails. (meaningfulmoney.life)
- Concentrated stock in your employer is a real problem (readthejointaccount.com)
- Your HSA needs a successor. (morningstar.com)
- For heirs, jewelry is one thing for which there is a ready market. (bloomberg.com)
- Ultra-premium credit cards have opened up a lane for lower-cost alternatives. (wsj.com)
- Florida is a center for investment scams. (theconversation.com)
- 10 ways to feel rich. (whitecoatinvestor.com)
