How was your Halloween? Of all the holidays, I don’t get the point of Halloween. I get the costume part. I just don’t get trick-or-treating. Why bug neighbors for such trivial things as candies? How many pieces of candies are you supposed to give to each kid?
The candies are not good for the kids anyway. Instead of collecting candies, how about collecting donations for the food bank?
I read these good articles this week:
Renting vs Buying: The True Cost of Home Ownership by Darrow Kirkpatrick at Can I Retire Yet?
Darrow puts together a rule: $1,000/month in rent per each $100k in home value. By that rule I should rent.
Obamacare: Friend of the Entrepreneur and Early Retiree by MMM at Mr. Money Mustache
I hope you are enjoying my series of articles on Obamacare. There are few more coming.
Six Reasons I Don’t Care That 3% Is The New 4% by Jim at The White Coat Investor
I agree with most of the reasons given.
Using Social Proof To Help Clients Make Better Financial Planning Decisions by Michael Kitces at Nerd’s Eye View
During the government shutdown, there are many articles in the media about federal workers couldn’t pay their bills. One article on CNN said more than half of federal workers warned their creditors they would have problems paying. That’s using social proof to show the general public people shouldn’t have any cash reserves.
How to improve the flawed U.S. retirement system by Steve Vernon at CBS MoneyWatch
I’m convinced people don’t want to fix the retirement system. Employees will be the first to protest mandatory participation or a high contribution rate. Without adequate contributions, all else are helpless.
Feds change ‘use-it-or-lose-it’ rule of health Flexible Spending Accounts by Brent Hunsberger at The Oregonian
It’s a good change. Your employer still has to amend the plan before it becomes effective for you.
Why Are Hearing Aids So Expensive? by Matthew Amster-Burton at MintLife
My mom needs hearing aids. I didn’t know they are that expensive.
[Photo credit: Flickr user Joe Shlabotnik]