Profitable Ideas: Less is More, Closing the Bank of Mom and Dad, and More

Weekly list of curated personal finance articles from around the web.

30 areas of life where subtracting can add more (Becoming Minimalist). Less. That word feels strangely enticing.

Give yourself (and your money) some love (Real Smartica). Making an honest assessment of your situation will go better if you ditch the blame.

These families are shutting down the bank of mom and dad (Wall Street Journal). A good guide to a difficult process. See also, When it’s time to financially cut off your adult children (Washington Post).

Investing the perfect college applicant (New York Magazine). An eye-opening look at the lengths some parents will go to in order to help their kids get into a good school.

529 plan vs. Coverdell: what’s the best way to save for college? (Advisor Perspectives). 529 plans get all the publicity, but Coverdells have some advantages, too.

The law and strategies to convert a college 529 to a Roth (Advisor Perspectives). This is a new opportunity for college savers who have money left over.

What happens if you die without a will? (Kiplinger). Far better to get this document in place.

These are the two biggest retirement expenses. Start planning for them now. (MarketWatch). Even if retirement is a long ways off, there are habits you can build now that’ll pay big dividends down the road.

To weigh in on any of the above, just leave a comment below.

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