Here's our mid-May collection of interesting articles from around the web. We hope you find them to be interesting and educational. Stay safe!
- US is 'printing' money to help save the economy from the COVID-19 crisis, but some wonder how far it can go (USA Today). With a few strokes on a computer, the Federal Reserve can create trillions of dollars out of nothing.
- 10 timeless investing principles (Kiplinger). Tried and true.
- A Thrift Savings Plan update (Morningstar). The retirement plan for federal workers is making changes, including reformulating the TSP's target-date funds to make them more stock-heavy.
- Need cash? It’s now easier to access your money as feds relax rule for savings accounts. (NJ.com). Until now, you could make only six transfers/withdrawals per month from a savings account.
- Colleges consider a tuition freeze amid pandemic (CNBC). Some colleges are freezing tuition for the year ahead. (And a Catholic university in Ohio is allowing all incoming full-time undergrads to attend tuition-free during the Fall 2020 term.)
And from the investing bloggers and money mavens...
- Uncertainty (PDF) (Howard Marks, Oaktree Capital). Wise words on the futility of forecasting.
- Acceptable flaws (Morgan Housel, Collaborative Fund Blog). It’s impossible to think about risk and opportunity without a reference point — and your reference point is at best incomplete.
- Why liquid net worth is so important for your finances (Nick Maggiulli, Of Dollars and Data). How much cash could you access on short notice?
- COVID-19 notes: Spending your emergency savings (Brent Lyle, Pete the Planner). You save for a rainy day. But when the rain begins to fall, are your reluctant to reach for your financial umbrella?
- Coronavirus recession could cut Social Security benefits for near-retirees (Andrew G. Biggs, Pension Research Council). If you turn 60 in 2020, you need to be aware of this.
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