Some of the better investing and personal finance articles from around the web — a day early this week because we'll have the May issue of the SMI newsletter for you tomorrow.
- How worried should I be about the ‘tax torpedo’? (Kiplinger). A primer on “provisional” income.
- Learning from my financial mistakes (Morningstar). Even people who write about money for a living make some mistakes.
- Adult children are costing many parents their retirement savings (CBS Money Watch). This is what the authors of The Millionaire Next Door called “economic outpatient care.” It can hurt the patient and the provider.
- 3 new plans to fix Social Security (The Fiscal Times). Here’s what’s on the drawing board.
- Why you need to write an ‘ethical will’ (MarketWatch). Think of it as a "legacy letter."
And from the blogosphere…
- How to improve your sustainable withdrawal rate (Monevator). More on the never-ending examination of the “4% rule."
- He’s 50 and worried he hasn’t saved enough for retirement. How can he catch up? (Vanguard blog). It isn’t too late, but it will require some changes.
- How property transfers at death (Getting Your Financial Ducks in a Row). Think of it as a flow chart for your assets.
- One last thing (Humble Dollar). Not to beat this topic to death (sorry), but here are some ideas for additional instructions to leave behind.
- Do couples save enough for two? (Squared Away). If you’re a double-income household, make sure you’re also a double-saver household.
We’d love to hear your responses to any of the above. To weigh in, just meet us in the comments section.