This week’s picks for the best in personal finance from around the web - a day early this week since the January newsletter will go live tomorrow.

One Fed statement, two divergent readings (CBS MoneyWatch). When the Fed speaks, people listen—carefully.

The timeless allure of market-timers (Barron’s). This one ran in October, but it offers good lessons related to periods of increased volatility.

Junk bond selloff is a warning for retirees who reached for yield (Time). The danger of taking too much risk in the safe part of your portfolio.

When a will is not enough (Wall Street Journal). Have you drafted a “letter of instruction”?

Five ways to ease the financial strain of caregiving (US News). Good, practical advice for the many people who are caring for an older relative.

And from the blogosphere…

The first casualty of a bear market (The Reformed Broker). Especially when volatility picks up, an even-keeled temperament trumps skill.

A Fed rate hike won’t help your savings account (Ventured & Gained - a Bloomberg blog). Bankers’ math: you may pay more for a loan, but you won’t necessarily earn more on your savings.

A lesson in market crashes (A Wealth of Common Sense). “When trying to catch a falling knife, timing can be everything.”

What to expect when you’re expecting (The Irrelevant Investor). As we’ve pointed out many times in the past, the market’s long-term upward climb is marked by plenty of breathtaking dips along the way.

Consistency of inconsistency (Sketch Guy – a NY Times blog). Getting comfortable with uncertainty.

We’d love to hear your responses to any of the above. To weigh in, just meet us in the comments section.