I’m back from my trip. Boeing 787 was nice. No battery problems.
I heard Amazon increased the threshold for free super-saver shipping from $25 to $35. I finally broke down and signed up for a free trial for Amazon Prime. I think between free 2-day shipping with no minimum order size, unlimited streaming movies and TV shows, and one-book-a-month Kindle Lending Library, it’s worth $79.
I also read these interesting articles this week:
Oldest Americans Are Lucky Generation at Squared Away Blog
I agree. Remember Old Economy Steven? (Scroll down on that web page.) It’s not that the current generations can’t get ahead. It’s because the generation being compared against is abnormal. Read the full study linked in the blog post.
Should Advisors Use I Bonds To Hedge Inflation And Rising Rates In Client Portfolios? by Michael Kitces at Nerd’s Eye View
They should but I’m afraid most advisors won’t. For one, an advisor is not going to log in to TreasuryDirect to buy I Bonds for their clients one at a time. Clients lose the opportunity because it’s inconvenient to their advisor.
Cash Reserves in Retirement by Wade Pfau at Wade Pfau’s Retirement Researcher Blog
Keeping a cash reserve helps a retiree avoid selling equity investments at low prices, especially at the start of one’s retirement.
Generate retirement income or leave a legacy? by Steve Vernon at CBS MoneyWatch
Definitely generate retirement income. Let the kids earn it themselves. If you go by a "safe withdrawal rate" chances are you will end up leaving a legacy anyway.
A brief* guide to the point of bonds by The Accumulator at Monevator
From a blogger in the UK. There should be an asterisk after the word bonds as well. Don’t forget savings accounts and CDs.
International Bonds Now Largest Asset Class in World Market by Jonathan Ping at My Money Blog
Investing in equities by the market capitalization makes sense because the market capitalization is determined by the market. Investing in bonds by the size of issuance, not so much, because there is no reason you must lend more to whoever wants to borrow more. Actually the most hungry borrower should raise a red flag.
A New Place To Park Cash by Scott Burns at AssetBuilder
Read the second Q&A about the effect of having a pension or annuity on the asset allocation of one’s investments.
So I keep hearing how emerging markets equities are "cheap" by Fran Kinniry at Vanguard Blog for Advisors
I keep hearing that too. It turns out everything is cheap.
How do I estimate income if it varies from year to year? at Consumer Reports
For the purpose of Obamacare, that is. It turns out you just estimate and err on the conservative side.
Staples $25 off $75: American Express Offers by Jonathan Ping at My Money Blog
Check the "Offers For You" tab in your American Express card account. I found both "$10 Off $50 at Lowes" and "$25 Off $75 at Staples." I will take Jonathan’s suggestion and buy a gift card. I know Lowes sells Amazon gift cards. Staples sells Southwest Airlines gift cards.
[Photo credit: Flickr user Aurelijus Valeiša]