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.
Want to weigh-in on any of these articles? "Join the Discussion" below.
