Here's our first weekend-in-April collection of interesting articles on investing, personal finance, and stewardship. We hope they're helpful to you. Stay safe!
- The stimulus package raised 401(k) distribution and loan limits — but which should you take? (MarketWatch). The new CARES Act makes it easier to tap your retirement account. That doesn't mean you should.
- Employers may drop 401(k) matches as companies look to cut expenses (CNBC). We saw this happen in 2008-2009. Expect it again — soon.
- Coronavirus depresses U.S. payrolls, more job losses coming (Reuters). It's getting ugly out there.
- Best bank account interest rates – Summary for March 31, 2020 (DepositAccounts.com). Interest rates for savers are down, but many banks have decided to spread their rate declines over a period of months, rather than making big changes upfront.
- Visualizing the ever-rising national debt (HowMuch.net). A trillion here a trillion there...
And from the bloggers and pundits...
- The craziest month in stock market history (Nick Maggiulli, Of Dollars and Data). March Madness wasn't on the basketball court this year.
- #QuarantineGoals: Ten things to do without leaving your home to improve your financial well-being (Damian Dunn, Pete the Planner). A coronavirus-quarantine financial to-do list.
- The shock cycle (Morgan Housel, Collaborative Fund). The stages of how people (including investors, of course) process bad news — as well as subsequent good news.
- 10 sources of emergency cash, ranked from best to worst (Christine Benz, Morningstar). Need cash? It matters where you get it.
- 6 financial lessons learned from the COVID-19 pandemic (John Madison, Crosswalk). Among the lessons: Emergency funds are not wasted assets.
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