Here is SMI's Money Roundup for a late October day.
Don't overlook the income side of fixed income (Morningstar). "Amid bond market tumult, elevated yields are contributing to returns and offering investors a nice income stream." — Related: Bond history in context (Mark Rzepczynski, Disciplined Systematic Global Macro Views).
5 myths and misunderstandings about investing in the stock market (Sam Ro, TKer). Some of these things are actually true — but only sometimes.
Retire in 2027 or work one more year? How to decide (Kiplinger). Readiness for retirement isn't just a matter of dollars and cents.
What if this is the worst time to retire? (Ben Carlson, A Wealth of Common Sense). "It's a good idea to stress test your retirement plan and have contingencies in place."
Can you count on Social Security in retirement? (Nick Maggiulli, Of Dollars and Data). — Related: Five ideas to start fixing Social Security's finances (Wall Street Journal).
Why your next withdrawal may cost more than you expect (Retirement Researcher). "Even within the same account, the cost of a withdrawal can change depending on what else is happening in your finances that year."
Mapped: Your lifetime tax bill, by U.S. state (Visual Capitalist). In nine states, the average lifetime tax bill per person (income, property, vehicle, and sales taxes) tops $1 million.
That $1,000 deposit in a Trump Account won't matter if you botch the age 18 exit (Daniel Fagan, Kiplinger). A Trump Account effectively becomes a traditional IRA when the account holder reaches age 18. A Roth conversion is appealing, but watch out for the "kiddie tax" rules.
There's no such thing as 'my money' (Brad East, Christianity Today). "If I refer to my house or my money, this is misleading shorthand for God's house and God's money on temporary loan to his servant."
Comments? Let us hear from you below.
(Reminder: Be sure to set you clocks back one hour tomorrow night. Unless, of course, you live in Hawaii, Arizona, or another place that doesn't observe the time change!)
