Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why inherited money hits differently.
Quote of the Day
"Statistics rarely overcome stories."
(Seth Godin)
Books
- Daniel Crosby talks with Peter Lazaroff, author of "The Perfect Portfolio: A Proven Guide to Smart Investing for Long-Term Success." (standarddeviationspod.com)
- A rave review for Jean Chatzky's new book "The Forever Paycheck: The New Retirement Strategy to Spend More, Worry Less, and Never Run Out of Money." (josephmoorebooks.com)
- A Q&A with Brian Portnoy, editor of "How I Invest My Money — Volume 2." (thinkadvisor.com)
Insurance
- Who actually needs life insurance? (humbledollar.com)
- How umbrella insurance works. (readthejointaccount.com)
Wealth
- How to benchmark your net worth. (ofdollarsanddata.com)
- On the relationship between health and wealth. (humbledollar.com)
- When wealth insulates you from hearing 'no.' (yourbrainonmoney.substack.com)
Ultra-rich
- The ultra-rich are struggling to find marina slips for their mega-yachts. (ft.com)
- Nashville, Tennessee is seeing an influx of wealthy residents. (bloomberg.com)
Enough
- What is enough? It's a process. (flowfp.com)
- Wealth isn't going to fill that hole. (earnandinvest.com)
Personal finance
- The case for giving more money, earlier in life. (ofdollarsanddata.com)
- What does a Monte Carlo 'success rate' really tell you? (retirementresearcher.com)
- Why does the step-up in basis at death exist? (melizabethgeorge.substack.com)
- How QCDs and DAFs work. (savantwealth.com)
- Don't get distracted by stuff that doesn't move the money needle, like credit card rewards. (moneychangeseverything.substack.com)
