Weekend reading: A little extra work counts for a lot

What caught my eye this week.

The ‘Just One More Year’ dilemma crops up all the time around these parts, so I was interested to see academics have put some numbers on it.

According to a report in Bloomberg:

A recent academic study called The Power of Working Longer, cited in the New York Times, finds that working just three to six months longer can raise your retirement income as much as increasing your savings by 1% every year for the last 30 years of your career.

Heck, that’s not even a year!

Too many people set up a false choice between working until you’re 65, and retiring at 27 to live an ultra-frugal life in a tent.

Instead work smart, tend to spend a little less, tend to save a bit more, invest the difference, and see where you’re at after a decade or so.

You might be lucky! If not, keep going.

Taste, season, and adjust the cooking time as required.

More on a working a little bit more

Here are the two sources cited by the Bloomberg piece if you’d like to read more:

• The Power of Working Longer [Research paper]
• Thinking about retirement? Consider working a little longer – New York Times

Hope you enjoy the links below!

From Monevator

A big fat D- for me, as we got no new content up on the site this week. I’m working on a fix, so please bear with us. By the end of summer we should be back to a regular schedule. (Add fibre allusions to suit.)

From the archive-ator: Reasons to rent instead of buying – Monevator

News

Note: Some links are Google search results – in PC/desktop view these enable you to click through to read the piece without being a paid subscriber.¹

House prices jump £3,000 in a month despite ‘subdued’ property market – ThisIsMoney

London’s ultra-low emission zone to extend to North and South circular [Good!] – ThisIsMoney

Revealed: The mystery trader who roiled Wall Street [Search result] – FT

The real price of Madagascar’s vanilla boom [Search result] – FT

Products and services

Atom Bank launches best buy one-year fixed saving deal – ThisIsMoney

Eight taxes that you could incur by getting involved in the property market – ThisIsMoney

Sky vs BT vs Now TV: the cheapest ways to watch the 2018-19 Premier League – Telegraph

RateSetter will pay you £100 (and me a bonus) if you invest £1,000 for a year via my affiliate link – RateSetter

Fingerprint reading cards could be in your wallet by next year – Telegraph

Who really owns Bitcoin now? [Search result] – FT

The 20 most consistent investment trusts over the past decade – ThisIsMoney

Five of the cheapest UK homes for sale – Guardian

Comment and opinion

The psychology of money – Morgan Housel

Does private equity deserve more scrutiny? – A Wealth of Common Sense

Martin Lewis: 5 changes to fix student finance [Search result] – FT

Downsizing: Taking stock, 5 years on – Can I Retire Yet?

Spending speed bumps and your future self – Abnormal Returns

Do you have enough water in your whiskey? – The Evidence-based Investor

Hedge funds have lost their dynamic creators of value luster [Search result] – FT

How to copyright a song and earn royalties – Financial Samurai

Invesco fees row is a tragedy for shareholder democracy [Search result] – FT

Equities outperform bonds? [Stock picking is mega risky, with skewed returns] – DIY Investor

Pulling the thread with Tren Griffin [Podcast] – Invest Like The Best

Is BT’s near-8% dividend yield a good reason to buy? [PDF] – UK Value Investor

Reps, reps, reps: How to become a learning machine – Of Dollars and Data

Factors from scratch [For the investing nerds among us!] – OSAM

Kindle book bargains

The Idiot Brain: A Neuroscientist Explains What Your Head is Really Up To by Dean Burnett – £2.59 on Kindle

How To Be F*cking Awesome by Dan Meredith – £0.99 on Kindle

Quiet Leadership: Winning Hearts, Minds and Matches by Carlo Ancelotti – £1.99 on Kindle

Eye of the storm: 25 years in action with the SAS by Peter Ratcliffe – £0.99 on Kindle

Off our beat

How a former Tesla staffer became an Internet sales millionaire in his spare time – Bloomberg

Beaufort Brexit scale [Funny. Sort of.] – via Twitter

Why having your thoughts and dreams crushed can be a good thing – Young FI Guy

On immigration – Paul Dean

Anthony Bourdain’s theory on the foodie revolution – Smithsonian

And finally…

“Why do so few investment firms educate and treat their clients in this way? ‘It’s a joke, isn’t it?’ answers Buffett, adding that fund managers and brokers ‘don’t judge their success by investment results. They judge it by how much they can gather in assets. So they don’t want the shareholders to think of themselves as owners. They want them to think of themselves as customers'”.
– Cunningham & Cuba, The Warren Buffett Shareholder

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1. Note some articles can only be accessed through the search results if you’re using PC/desktop view (from mobile/tablet view they bring up the firewall/subscription page). To circumvent, switch your mobile browser to use the desktop view. On Chrome for Android: press the menu button followed by “Request Desktop Site”.

from Monevator http://monevator.com/weekend-reading-a-little-extra-work-counts-for-a-lot/