Google announced it will shutdown the popular Google Reader service on July 1. According to another Google service FeedBurner, 60% of the regular readers of this blog use Google Reader, 30% subscribe by email, 10% by other means. I use Google Reader to read other blogs myself.
It’s sad to see a good service go away. I of course would like you to stay as a regular reader. If you are using Google Reader now, you can switch to subscribing by email. That way you won’t have to worry about another aggregation service being discontinued due to lack of revenue. If you don’t like email subscription, you can try other services suggested by this article on Lifehacker: Google Reader Is Shutting Down; Here Are the Best Alternatives.
Now, some money and investment related articles I read this week, in Google Reader:
Compound Interest and Wealth Accumulation: It’s Not As Easy as You Think by Wade Pfau at Retirement Researcher Blog
Professor Pfau suggests using 2% inflation adjusted return for planning purposes.
Will a relationship neutral tax code save traditional marriage? by Kay Bell at Don’t Mess With Taxes
Taxing each person as an individual won’t devalue marriage in any way. Just ask Canada and the vast majority of other countries.
Will The New 3.8% Medicare Surtax Reinvigorate Non-Deductible IRA Contributions? by Michael Kitces at Nerd’s Eye View
No, because $5,500 per person (or $6,500 over age 50) isn’t going to be that meaningful to people affected by the 3.8% Medicare surtax. They should be doing backdoor Roth already anyway.
How to boost your expected returns by Larry Swedroe at CBS MoneyWatch
The answer is increasing your allocation to international stocks. Read why.
3 Reasons Saving For Retirement Should Be Legally Mandatory by Kyle at Amateur Asset Allocator
I agree. Australia mandates 9% of pay, increasing to 12% by 2020.
Do Internet Banks Offer Enough Advantages? by Ken Tumin at DepositAccounts.com
Definitely for a savings account that doesn’t have that many transactions in and out. Less so for a checking account unless the online bank offers ATM fee rebates (Ally Bank, USAA) or free deposit-taking ATMs (Alliant Credit Union).
Investing principles for an uncertain world by Tim Buckley at Vanguard Blog
Article by Vanguard’s new CIO. Clear goals, suitable allocation, diversification, low cost — the rest will depend on how the market performs. If only we get another 1990s we will be all set. If the market doesn’t cooperate, the best plan will still deliver poor results.
How to Fix America’s Wealth Inequality: Teach Americans to Be Cheap by Noah Smith at The Atlantic
I heard there is a propaganda video going around the Internet. This assistant professor of finance says "In the short run, wealth equality is closely tied to income equality. But in the long run, it’s all about thrift, frugality, and saving — in other words, cheapness." Do you agree?
Who Works for Minimum Wage? by Michael at Financial Ramblings
I worked for minimum wage. Nobody forced me to take that job. I quit after I acquired skills other employers want. The fastest way to get out of a minimum wage job is to acquire skills. Then it doesn’t matter what the minimum wage is.