Sunday AAR (26AUG2018)
The Sunday After Action Review is a collection of the best articles that we’ve read this week.
Know of a good article or blog that we should read? Please let us know in the comments.
- How Do Vanguard, Fidelity, and Schwab Make Money Offering Low Expense Ratio Index Funds? – Probably not a question that’s kept anyone up at night this week, but it is curious and this is a good explanation. Fidelity actually has options that charge nothing.
- The Average Retirement Savings by Age and Why You Need More – Interesting numbers, but the bottom line is that they are a guide for not saving enough. So, take a look and then save more!
- Ways You’re Losing Money Without Even Realizing It – I got hit with a stupid one this week. The DMV charges $7 in junk fees to renew a car registration online or you can pay $10 to do it in person. Yes, they actually charge you to go to the DMV. Kafka would love that. The only “free” way to pay car taxes is to write a check and mail it in. “Hey honey we need a 1990s bill paying kit with a checkbook, stamps, and stuff.”
- When It’s Better to Buy Used – Never thought to buy gift cards used. That’s going on the “to try” list.
- First Responders – Develop your personal resources to help you in a financial emergency.
- How to Get Flight Cancellation Compensation from American Airlines – In addition to reimbursement from the airlines, which is based on jurisdiction, you may be entitled to compensation from your credit card.
- Tips on How to Lend to Friends and Family – “Ask yourself: Am I going to resent that person if they don’t pay me back? Or am I going to be able to forgive that loan and forgive that person?”
- How Does A 401k Work (In Plain English) – Well researched and to my knowledge entirely correct. I thought that I had found an issue when he said 401k plans are subject to a 10% penalty when making withdrawals to fund education. This is indeed the case, but not so for IRAs.
- Paying for college doesn’t have to mean sacrificing your future – This article from Vanguard mentions the IRA penalty break for college tuition. The focus is on 529 plans. I have one for each kid at USAA and contribute to them monthly.
- Why the tech sector may not solve America’s looming automation crisis – Read this one on a desktop if you can and enjoy the visuals. Say you’re a truck driver in the military and you’re thinking about careers after you get out? Some predict that automation will take over that field leaving fewer jobs for people. This story has some great charts to show how to pick a secure field.
- Early Retirement Doesn’t Have to Suck – Make retirement all it can be rather than sitting on the couch and wasting what you worked so hard for.