Some of the best investing and personal finance articles from around the web — a day early this week since we assume you'll be focused on more important matters tomorrow. Merry Christmas.
- Clueless about 2020, Wall Street forecasters are at it again for 2021 (NY Times). Every year, a number of market watchers feel compelled to weigh in on the year ahead, no matter how poor their track record.
- Does your retirement plan guard against the ‘survivor trap’? (Kiplinger). How well will your plan hold up if you get called home earlier than expected?
- SEC charges Robinhood with misleading customers about how it makes money (CNBC). The trading platform has been all the rage, especially with new investors. Apparently, some were attracted to it by false promises. See also, Robinhood was indeed too good to be true (Morningstar).
- Four college lessons (Humble Dollar). Have any college-bound kids under roof? Learn from one who's been there and done that.
- Giving is worship (National Christian Foundation). Learning from those whose generosity has been long remembered.
- Rolling your IRA into a 401(k) — to avoid RMD (Getting Your Financial Ducks in a Row). Usually, it makes sense to roll over a 401(k) balance into an IRA. For some, it may be best to move money the other way.
- Death, taxes, and a few other things (Collaborative Fund). As for the moving goalposts, there's a small, powerful movement among some in the Christian stewardship community promoting the idea of setting a financial finish line.
- Time to review your risk management plan (Retirement Field Guide). In 2020, a lot went wrong. How well have you accounted for life’s many risks?
- How much will your retirement taxes be? (Squared Away). Do you know how much you’re likely to pay in taxes in your later years?
- Is 2020 the worst year ever, or “such a time as this’? (The Rich Fool). At a time when it’s tempting to prioritize self-preservation, a call to “leave our comfortable shelters, and use our royal positions to help a hurting world.”
We’d love to hear your responses to any of the above. To weigh in, just meet us in the comments section.