Top Money Posts: Week of January 18, 2016

Here are some articles I recommend checking out. I’ve also mixed in a few good one’s I shared previously in case you missed them.

From around the web:

  • With Powerball having reached record territory last week, I was asked by several friends (and my wife) what to do if they won all that money. For most of the people I work with, I’d give the same advice found in this NY Times piece that taking the annuity option is the best choice. However, this Money Magazine post makes a good counter argument for taking the lump sum. Wired magazine took an entirely different (and more fun) approach to answering this question with “How to Spend Your Powerball Winnings Like a Baller.” Regardless, even though it would have been great to be the winner, I agree with the Notorious B.I.G: “Mo Money, Mo Problems.”
  • The other big news has been the recent volatility in the stock market. Paul R. La Monica at CNNMoney.com says investors are overreacting. Nevertheless, it can be gut wrenching to watch the drops. Unfortunately, short term losses are the price we pay for the potential of long-term gains. If you need your money soon (12 months or less), you should avoid investing in the stock market.
  • As tax season approaches, tax scams will inevitably increase. Here are 7 Ways to Keep Your Tax Refund Safe From Thieves.
  • Microsoft has ended support for older versions of Explorer. Make sure you update your browser to help minimize the potential for viruses.
  • With high school seniors receiving acceptance letters over the past few weeks, many will need to take out student loans to pay for their dream college. But, how much is too much when it comes to taking out student loan debt?

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