The August issue of the SMI Newsletter will be posted this Friday, so we’re rolling out the Roundup a couple of days early this week. Enjoy!
Who actually feels satisfied about money? (The Atlantic). "The people who feel the best about their financial situation are people who are fully aware of what their financial situation is."
New 401(k) rule would let businesses band together to offer retirement plans (The Wall Street Journal via MarketWatch). The Trump administration says the rule change could make work-based retirement plans available to millions of workers who currently don’t have access.
Equifax to pay at least $650 million in largest-ever data breach settlement (New York Times). The company’s 2017 data breach exposed sensitive information on more than 147 million consumers.
How families pay for college (CNBC). Data from a new report issued by student-loan lender Sallie Mae.
Want to know how complicated our tax system is? Check out the IRS’s "Taxpayer Roadmap" (Kiplinger). The map is courtesy of Nina Olson, the soon-to-retire National Taxpayer Advocate.
And from the financial bloggers and pundits...
Balancing act (Jonathan Clements, Humble Dollar). Under age 45? A decline in share prices could redound to your benefit, as you buy at lower prices. But if you’re older, it may be time to re-think your risk exposure.
Don’t be unnerved by health-care cost estimates for retirement (Sudipto Banerjee, Investment News). Yes, it’s a lot of money, but the overall expense likely will be spread out over many, many years.
A budget disaster of epic proportions (John Merline, Issues & Insights). Needless to say, not everyone is happy about the latest federal budget deal.
Going back to work (Chris Mamula, Can I Retire Yet?) A post-retirement job that pays even a modest amount can go a long way toward relieving stress on a portfolio.
8 ways to trust God when money is tight (Cindi McMenamin, Crosswalk). The author writes "based on three decades of seeing God come through for my family financially."
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