No video this week thanks to multiple basketball games for the boys, but check the articles below to see what I would have talked about. See you next week!
Week In Review Articles:
A Wealth Of Common Sense: What’s Up With My Tax Refund “Your tax situation will likely change over time. The tax code will likely change over time. Your paycheck will likely change over time. That means you have to pay attention, even when it concerns boring subjects like taxes.”
The Irrelevant Investor: The Elimination Of Risk ” What they fail to realize is that absent a high savings rate and a very high income, the avoidance of risk only delays the inevitable fact that risk is ever-present.”
Morgan Housel: Short Money Rules “Being satisfied with your riches is hardest.”
Of Dollars And Data: The Cognitive Aristocracy “When I think about this problem my immediate reaction is probably similar to yours: we need to improve the education system. I agree with this wholeheartedly, but this solution will have its limits.”
Barry Ritholtz: Most Americans Don’t Give A $h#@ About the Stock Market ” But the simple fact that the richest Americans have seen the value of their stock portfolios triple since the financial crisis is surely a large part also. But stock buybacks are among the least of the many reasons why there is so much wealth disparity.”
Ashby Daniels: Should You Take The Pension Or A Lump Sum? ” In most of the cases that I see, pensions offer the equivalent of a 6% withdrawal rate as compared to the rule-of-thumb withdrawal rate of 4% outside of the pension. So, it’s nothing against you; I don’t think I (nor anyone else) can do it either. It is purely an arithmetic issue with regard to sustainability.”
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.