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I’ve noticed that engineers tend to take particular delight in managing their personal finances. If a reader shares a home-made spreadsheet of expenses and investment returns, chances are good that it’s an engineer. There’s probably something transferrable in the skill set--someone who designs and builds systems at work will likely enjoy doing it in his or her personal life as well. (I, on the other hand, get more joy from words than from numbers and find handling my own finances to be a bit of a chore.) But what about economists? How do people who get paid to think about money handle their own cash? Here at MONEY, we were curious to find out, so we asked three professional economists how they approach spending and saving for retirement. Their answers may surprise you--read them in today's edition.

Best wishes,


P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don’t miss the next issue. To listen on podcast platforms or smart speakers, see here. Retire with Money is presented by Athene.

3 Economists Share Their Personal Retirement Strategies — and Their Biggest Money Mistakes

'That's more money in your pocket that you can save. The benefits are just that much better.'

McDonald’s Has 250,000 Jobs to Fill — and It Wants to Hire Older Americans

Positions ranging from cashiers on the opening shift to manager roles.

It’s National Pretzel Day 2019! Here’s Where You Can Get FREE Pretzels Today

Omg omg omg.


Attention, readers in the Mid-Atlantic and Northeast Regions! As we mentioned before, we're looking for people who are interested in appearing on camera for a new financial series we’re hosting, where we engage financial coaches to help solve your most daunting issues--including preparing for and living in retirement! If you’re interested in learning more, please contact our video team video@money.com.

There was an interesting discussion in our Retire with Money Facebook group this week about rental properties. One member linked to a story recommending rental properties as an extra income stream and wrote this to kick things off: “As someone who is currently divesting my rental property holdings, this is not something I would recommend for a comfortable retirement, despite the steady income stream. One bad tenant, or two, could cost you thousands in repairs. At what point does it negate the income stream? Not to mention, just the general upkeep of the property(s). For me it is no longer worth the aggravation and I’ve yet to retire.”

Many people who aspire to FIRE--short for achieving financial independence and retiring early--embrace rental real estate as a way to reach their goal more quickly. While some Facebook members think it’s not worth the hassle, one younger poster disagreed: “I mean, if I was 67 instead of 27, I’d probably feel the same way. But for right now, I’ll continue to invest in real estate.”

I'd love to hear what you think! Send me your thoughts on the relative merits of being a landlord at retirewithmoney@moneymail.com.


You Can Be 10% Happier in Just 60 Seconds a Day

Meditation can make you “better at your life,” proponents say. CONSIDERABLE

This New Tool Can Help Assess Your Risk of Running Out of Money

Think of it as a credit score for your retirement. CNBC

The Path to Becoming a 401(k) Millionaire is Easier Than You Might Think

The key, of course, is starting early. MARKETWATCH

Insurance Lobby Plans Blitz to Get Retirement Bills Through Congress Quickly

The bills would help small businesses offer retirement plans, among other provisions, and advocates want to see them passed ASAP. INVESTMENT NEWS


Elizabeth O'Brien is a senior writer at MONEY, covering retirement and health care. You can email her at elizabeth.o'brien@moneymail.com and follow her on Twitter at @elizobrien.

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