Your Money

The allure of shortcuts to financial health is understandable: The idea that the answers to complex financial decisions can be simplified into 10 words or less seems magical. Unfortunately, the research behind many of the most famous financial rules of thumb is not robust and, in some cases, nonexistent.

This article took a closer look at popular examples of rules of thumb. Specifically, it examined which ones people use most often, which ones people deem important, and which ones have a positive relationship with financial well-being.

Here's a sample of a few that correlated highest with the satisfaction experienced when following the rule:

• Debt Management - always pay your debt in full when possible
• Spending - don't spend more than you make
• Saving - save at least 10% of your income a month
• Investing - invest in line with your risk tolerance

Can a Rule of Thumb Be a Shortcut to Financial Well-Being?
by Samantha Lamas

Your Life

The latest trends in retirement among baby boomers are planning retirement with friends. Let me clarify. Instead of getting to know new neighbors, you and your friends plan to retire in the same community. The advantages of maintaining your friendships as neighbors are endless. You can keep your same social circles; continue doing activities and, even plan trips together; maintain like values and tastes; know other family members in case of emergencies; have trustworthy people nearby; etc. In order for this to work, the article suggests open communications to discuss potential issues, in advance, and how to resolve them. 

When Friends Move Next Door
by Candace Taylor

Complexity Simplified

Trivia