Here's our weekly collection of helpful reads on investing and personal finance — served up a day early this week to make way for our DAA and Sector Rotation updates tomorrow.
- How 'unretirement' affects your Social Security (Barron's). What happens to your Social Security benefits if you go back to work? (If you get a pop-up that blocks the article, click the "X" in the top right corner and the article should appear.)
- Turned 70½ last year? Don’t miss this key April 1 deadline (CNBC). If you have a retirement account that falls under the Required Minimum Distribution rule, you have only until April 1 to take your first distribution — or you'll face a 50% penalty.
- You may still be able to get a $3,450 deduction on 2018 taxes with a Health Savings Account (MarketWatch). Just as with IRAs, you can make a contribution to an HSA up through April 15 and apply it to the previous tax year.
- IRS giving millions a pass on penalties for 2018 underpayment (CNBC). In an attempt to smooth out implementation of the new tax law, the IRS has further lowered the no-penalty threshold for underpayment.
- Half of older Americans have nothing in retirement savings (Bloomberg via Yahoo). The good news is the situation has improved slightly from a few years ago, according to updated data from the U.S. Government Accountability Office.
And from the bloggers and pundits...
- The perfect track record (Michael Batnick, The Irrelevant Investor). Yes, the inversion of the yield curve has always been a reliable recession precursor — but don't overreact.
- Inflation: The silent killer of retirement (Fritz Gilbert, The Retirement Manifesto). At 3% annual inflation, a $50,000 lifestyle today will cost $90,000 20 years from now.
- 401k early withdrawal: What to know before you cash out (Mintlife blog). We touch on this subject briefly in our current newsletter article, Roth IRAs and Roth 401(k)s: Similar, Yet Different. This piece covers the seven(!) "exceptions to the rule" regarding the penalty for early 401(k) withdrawals.
- The more money you make, the more you can delude yourself (Peter Dunn, Indianapolis Business Journal). "Pete the Planner" says there are really only two successful retirement strategies: 1) Have a bunch of money, or 2) Not need a bunch of money.
- The mileage game: Getting started with credit card bonuses (Rocco Pallante, Vagabond Finances). A helpful companion piece to our April newsletter article, Credit Card Perks Can Be Attractive, But Users Beware.
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