Here is our first-weekend-in-April roundup of articles on investing, personal finance, and stewardship:
- Sen. Ron Wyden proposes annual capital gains tax (Fiscal Times). Investors would pay a levy each year based on the valuation of their holdings in non-retirement accounts — and the tax rate would be 37%!
- Many rich fretting about SALT didn't get that tax break anyway (Bloomberg). You've probably read that the new tax law slams taxpayers in states that have high State and Local Taxes (SALT). This article offers a take I haven't seen before.
- Getting rid of debt may actually make your brain work better (MarketWatch). Researchers in Singapore say getting out of debt takes a weight off the mind, and that in turn lessens anxiety and improves cognitive function. Who knew?
- Super savers survey: Examining financial behaviors of those with a 20%+ savings rate (PDF) (TD Ameritrade). This survey suggests that one key to becoming a "super saver" is to keep your housing costs low.
- Playing with 'FIRE' (WORLD). Christian-based newsmagazine WORLD looks at the early-retirement movement.
And from the pundits and bloggers...
- How is the market doing? (Michael Batnick, The Irrelevant Investor). Day-in, day-out updates on market performance don't amount to much.
- The forecasting business shouldn't be this bad (Barry Ritholtz, Bloomberg Opinion). Wall Street and economic forecasters aren't very accurate. They should at least be more humble.
- Fees vs. fines (Morgan Housel, Collaborative Fund). Having to endure market volatility is part of the "price of admission" for an investor.
- The lifespan of life insurance (Johnny Fowler with Mark Mason, Vagabond Finances). In the later seasons of life, your need for life insurance probably isn't as great as it once was.
- Raise your children to be generous (Joe Plemon, SeedTime). When you train your children to be givers, you are molding their hearts.
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