Some of the best investing and personal finance articles from around the web.
The narrow road of stewardship (Good Sense Movement). Who’s the owner? How we answer makes all the difference.
Retirement account withdrawal rules are ‘so complicated’ for inherited IRAs, expert says. What to know (CNBC). Planning to leave an IRA to a loved one? Leave some instructions as well.
Retirement takes work (Humble Dollar). This is a theme we’ve been hitting a lot lately—the importance of making far more than a financial plan for your later years.
This surprise expense is likely to upend your budget in retirement (hint: it’s not health care) (Money). It’s probably one of your most valuable assets, and the source of many expenses.
Mint app closing: what it means, how to pick a new budget service (Nerd Wallet). As a long-time Mint user, this comes as a big surprise. We’ve written about some alternatives before, including the FaithFi app. We’ll have more to say on this in the weeks ahead.
IRS announces 2024 retirement account contribution limits: $23,000 for 401(k) plans, $7,000 for IRAs (CNBC). You’ll be allowed to save a bit more in 2024.
Why working longer is a bad retirement plan (CNBC). Don’t bank on being able to work as long as you may want to.
With the best of intentions (Behavioral Investment). “…in times of stress we will likely try to ‘override the model’ and stop such systematic decisions, arguing that they don’t capture the gravity or nuance of the situation unfolding. In reality it will just be our emotions telling us not to do something inherently uncomfortable.”
20% of retirees are already back to work. What is driving this “unretirement”? (Financial Freedom Countdown). Some may think that you work and then you retire. The reality is far more complicated.
We’d love to hear your responses to any of the above. To weigh in, just meet us in the comments section.