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Data Studies

What It Takes to Be Middle Class in America – 2024 Study

As a middle-class American, there is some expectation for living a lifestyle of relative comfort. But as costs have increased significantly over the last few years, the middle class is now feeling a squeeze in their finances. Accordingly, the income limits that define the middle class have also increased to reflect what most Americans are… read more…

Retirement

We Have $1.2M in an IRA, Plus Another $750k and Social Security. Should We Shift Assets to a Target Date Fund or an Annuity?

Annuities and target date funds are popular assets for households who are either saving for retirement or already in their golden years. How useful each may be for you depends on your financial goals and where you are on your path to retirement.  For example, John and Susan are both 67 and recently retired. They… read more…

Data Studies

Where Airfare Increased and Decreased the Most – 2024 Study

Prices on individual goods and services can take on their own characteristics based on unique supply and demand challenges throughout different locations nationwide. Air travel in particular faces unique pressures including staffing, equipment maintenance, fuel, passenger demand and more. In turn, the price of domestic flights can affect tourism, visits to family, and business opportunities.… read more…

Retirement

I Am 58 With $1 Million in My 401(k). Should I Switch to Roth Contributions?

I Am 58 With $1 Million in My 401(k). Should I Switch to Roth Contributions? Whether to make the move from contributing to a tax-deferred workplace plan or switch to a Roth isn’t a question of “should” but a question of, “What works best for you?” Just a few of the considerations are: You can… read more…

Editor's Picks

CFA vs. CFP: Which Is Right for You?
Financial Advisor

CFA vs. CFP: Which Do You Need?

Chartered financial analyst (CFA) and certified financial planner (CFP) are common certifications for individuals working in finance, namely financial advisors. These are designed to tell a client (or employer) that the holder has received education in certain types of financial… read more…

Wealth Management Firm
Investing

5 Tips for Choosing a Wealth Management Firm

Wealth management firms are all different, with their own specializations and services. As a result, the process for choosing a wealth manager is a very personal one. Wealth managers work closely together with their clients to identify financial goals and… read more…

What Is a Fee-Only Financial Planner?
Financial Advisor

What Is a Fee-Only Financial Planner?

If a financial planner, financial advisor or another type of financial professional is fee-only, that means they receive compensation solely from the fees clients pay for their services. They do not earn commissions for recommending certain products. A fee-only structure… read more…

Investment Property
Mortgage

Why First Homes Could Be Investment Properties

If you’re young and looking to purchase a new home to live in, you may want to consider turning it into an investment property. While most people wait until after they’ve bought their first or second home to begin investing in… read more…

Data Articles and Studies

Data Studies

Where Airfare Increased and Decreased the Most – 2024 Study

Prices on individual goods and services can take on their own characteristics based on unique supply and demand challenges throughout different locations nationwide. Air travel in particular faces unique pressures including staffing, equipment maintenance, fuel, passenger demand and more. In turn, the price of domestic flights can affect tourism, visits to family, and business opportunities.… read more…

Data Studies

Counties at Greatest Risk for Wildfire Damage – 2024 Study

Wildfires have become more prevalent in the U.S. over the last few decades. Like many other climate events, they can have a devastating effect on communities, destroying buildings and homes, closing businesses, damaging agriculture and changing the local ecology. Ultimately, with the increase in wildfires, some insurance companies have pulled their services out of specific… read more…

Data Studies

Cities Where Rent Increased Most – 2024 Study

Rent is a top expense for many Americans, so increases may disproportionately affect their budget. Between February 2023 and 2024, inflation as a whole went up by 3.15%. While the average rent increase in U.S. major cities was at parity with inflation, some cities saw rent increase as high as 8.0% – and others actually… read more…

Data Studies

Where Americans Are Happiest – 2024 Study

Money can’t always buy happiness. However, quality of life can influence your financial decisions and outcomes. Depending where you live, certain quality of life factors, including metrics like life expectancy, infrastructure and the rate of marriage, can ultimately impact your happiness. To find where Americans are happiest, SmartAsset evaluated 90 of the largest U.S. cities… read more…

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