We’re one week into the new year. How have the first seven days been going for you? Right now, there is a lot happening. A lot happening that we cannot control. It’s important to slow down and focus on what you can personally control when it comes to your finances.
Here’s what I’ve been reading this morning:
‘Here’s What Happens With Social Security Payments When Someone Dies’ – Sarah O’Brien – CNBC
- Social Security plays a big part in the later chapters of people’s lives. But what happens with your Social Security payments when you pass away? There are a number of different factors that play into how it could be handled.
‘Am I Being Duped?’ – Michael Batnick – The Irrelevant Investor
- Answering a question from a YouTube subscriber, Michael addresses whether or not someone got duped buying a variable life insurance policy. He breaks down how it happened and links to a larger discussion on the topic.
‘Why 50% Probability of Success is Actually a Viable Monte Carlo Projection’ – Michael Kitces – Nerd’s Eye View
- If you’ve never heard of a Monte Carlo simulation, it essentially projects your rate of success in retirement given your current financial situation. Michael explains why a reading of 50%, usually considered low, is actually a viable answer.
‘Taxing Endeavor’ – Andrew Forsythe – Humble Dollar
- Doing your own taxes is an overwhelming proposition for a LOT of people. Having a professional handle it is usually the preferred route for most. This article outlines some of the benefits of doing it yourself.