The August issue of the SMI Newsletter will be posted this Friday, so we're rolling out the Roundup a couple of days early this week. Enjoy!
- Who actually feels satisfied about money? (The Atlantic). "The people who feel the best about their financial situation are people who are fully aware of what their financial situation is."
- New 401(k) rule would let businesses band together to offer retirement plans (The Wall Street Journal via MarketWatch). The Trump administration says the rule change could make work-based retirement plans available to millions of workers who currently don't have access.
- Equifax to pay at least $650 million in largest-ever data breach settlement (New York Times). The company's 2017 data breach exposed sensitive information on more than 147 million consumers.
- How families pay for college (CNBC). Data from a new report issued by student-loan lender Sallie Mae.
- Want to know how complicated our tax system is? Check out the IRS's "Taxpayer Roadmap" (Kiplinger). The map is courtesy of Nina Olson, the soon-to-retire National Taxpayer Advocate.
And from the financial bloggers and pundits...
- Balancing act (Jonathan Clements, Humble Dollar). Under age 45? A decline in share prices could redound to your benefit, as you buy at lower prices. But if you're older, it may be time to re-think your risk exposure.
- Don't be unnerved by health-care cost estimates for retirement (Sudipto Banerjee, Investment News). Yes, it's a lot of money, but the overall expense likely will be spread out over many, many years.
- A budget disaster of epic proportions (John Merline, Issues & Insights). Needless to say, not everyone is happy about the latest federal budget deal.
- Going back to work (Chris Mamula, Can I Retire Yet?) A post-retirement job that pays even a modest amount can go a long way toward relieving stress on a portfolio.
- 8 ways to trust God when money is tight (Cindi McMenamin, Crosswalk). The author writes "based on three decades of seeing God come through for my family financially."
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