Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why you need to revisit your estate plans on a regular basis.
Quote of the Day
"It’s hard to explain what motivates people to keep working. For some people it’s financial. For others, it’s the joy or even inner-competitiveness and drive to keep moving forward... or merely the need for something intellectually stimulating to keep their focus."
(Herb Greenberg)
Podcasts
- Roger Whitney talks retirement challenges with Christine Benz. (youtube.com)
- Sam Parr talks with 'Ryan' and 'Jeff' about the reality of retiring early. (podcasts.apple.com)
- Peter Lazaroff talks with Taylor Schulte and Benjamin Brandt about the new Retirement Podcast Network. (peterlazaroff.com)
- Justin Castelli talks curiosity and more with Tom Morgan. (justincastelli.io)
Retirement
- Mistakes to avoid as you approach retirement including 'Not analyzing Social Security options.' (wsj.com)
- Nine steps to tackle your retirement investing including 'Stay flexible on the withdrawal rate front.' (morningstar.com)
- Why you need a 'cash bucket' entering retirement. (morningstar.com)
- Why vacations still matter in retirement. (theretirementmanifesto.com)
Real estate
- Life happens. Houses are getting bought and sold. (awealthofcommonsense.com)
- House prices are rising. So are the carrying costs. (wsj.com)
- The cost of living advantage of the Sunbelt is eroding. (craincurrency.com)
- If Americans are going to age in place, there is a need to do home modifications. A business opportunity awaits. (crossstack.substack.com)
- The pros and cons of an over-55 community. (humbledollar.com)
Investing
- Tony Isola, "Everything we learned in probability and statistics class flies out the window when your house is on fire." (tonyisola.com)
- Why you need to know your weaknesses as an investor. (awealthofcommonsense.com)
- Being a buy-and-hold investor requires some faith. (humbledollar.com)
- Questions you should ask before you invest including 'What are the tax implications?' (dariusforoux.com)
- A review of "The Missing Billionaires: A Guide to Better Financial Decisions" by Victor Haghani and James White. (wsj.com)
Taxes
- How to bunch your charitable contributions to best effect. (flowfp.com)
- How far back can the IRS go when looking at your taxes? (wsj.com)
Personal finance
- Michael Batnick, "If you’re rich and miserable, you’re not successful." (theirrelevantinvestor.com)
- Things you shouldn't do if you want to build wealth. (bakadesuyo.com)
- Why we always turn to people with a plan, evidence-based or not. (moneywithkatie.com)
- Some statements that are mostly true, including “Whole life insurance is an overpriced financial product that should be avoided.” (humbledollar.com)
- Some ways to financially help adult children including 'Pay for professional conferences, groups and classes.' (nextavenue.org)
- What happens when you actually look at your spending? (humbledollar.com)
- How to get off the hedonic treadmill. (vox.com)
- Younger generations don't want your collectibles. (nextavenue.org)