Weekly roundup of recommended personal finance articles from around the web.
Nearly half of Americans age 18 to 29 live with their parents (Relevant Magazine). It’s common to criticize this as evidence that today’s young people are not “launching” well, but in this interview with on Focus on the Family, Washington Post columnist Michelle Singletary convincingly argues in favor of the practice.
ARM borrowers gamble short-term savings on long-term risk (US News). Nearly half of those who took out an adjustable-rate mortgage came to regret it.
Save for college or retirement? New 529 rule makes it easier to help your kid do both (Money). New flexibility for those using a 529 plan to save for college.
These online scams to steal your money will shock you — even if you think you’ve seen them all (MarketWatch). You have to be so incredibly careful these days.
10 smart money moves middle-class families can make to set their kids up for success (Wealthy Nickel). There are a lot of good ideas here, and not just for middle-class families.
5 reasons to put together an essential emergency binder (Christian Money Solutions). Oftentimes, the more complicated our financial lives become, the more scattered our financial information. It would be a gift to our loved ones to get it all organized. Another good resource for that purpose is Set Your House in Order.
How to talk to adult kids about money and inheritances (Kindness Financial Planning). It’s good to have a will or trust in place. Even better if you pair that with a conversation.
Should you set a financial finish line? (National Christian Foundation). This may sound like a radical idea, but people who have done it say it’s been transformative.
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