Here’s our first weekend-in-April collection of interesting articles on investing, personal finance, and stewardship. We hope they’re helpful to you. Stay safe!
The stimulus package raised 401(k) distribution and loan limits — but which should you take? (MarketWatch). The new CARES Act makes it easier to tap your retirement account. That doesn’t mean you should.
Employers may drop 401(k) matches as companies look to cut expenses (CNBC). We saw this happen in 2008-2009. Expect it again — soon.
Coronavirus depresses U.S. payrolls, more job losses coming (Reuters). It’s getting ugly out there.
Best bank account interest rates – Summary for March 31, 2020 (DepositAccounts.com). Interest rates for savers are down, but many banks have decided to spread their rate declines over a period of months, rather than making big changes upfront.
Visualizing the ever-rising national debt (HowMuch.net). A trillion here a trillion there...
And from the bloggers and pundits...
The craziest month in stock market history (Nick Maggiulli, Of Dollars and Data). March Madness wasn’t on the basketball court this year.
#QuarantineGoals: Ten things to do without leaving your home to improve your financial well-being (Damian Dunn, Pete the Planner). A coronavirus-quarantine financial to-do list.
The shock cycle (Morgan Housel, Collaborative Fund). The stages of how people (including investors, of course) process bad news — as well as subsequent good news.
10 sources of emergency cash, ranked from best to worst (Christine Benz, Morningstar). Need cash? It matters where you get it.
6 financial lessons learned from the COVID-19 pandemic (John Madison, Crosswalk). Among the lessons: Emergency funds are not wasted assets.
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