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Ashley Chorpenning

Retirement, Investing and Budget Expert

Ashley Chorpenning is an experienced financial writer currently serving as an investment and insurance expert at SmartAsset. In addition to being a contributing writer at SmartAsset, she writes for solo entrepreneurs as well as for Fortune 500 companies. Ashley is a finance graduate of the University of Cincinnati. When she isn’t helping people understand their finances, you may find Ashley cage diving with great whites or on safari in South Africa.

Posts by Ashley Chorpenning:

by Ashley Chorpenning Aug 30, 2021

Once organized as separate sheikdoms, the seven emirates of the United Arab Emirates, Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah and Umm Al-Quwain, are now a popular destination for expatriates. In fact, according to the Congressional Research Service, around 90% of the UAE’s almost 10 million population is made up of expatriates. While the majority of them are there to work in its open economy, many would like to retire there. The UAE boasts warm weather, glamor and new programs to encourage retirement there. But no country is perfect, and the UAE is no exception. If you are considering how to retire in the United Arab Emirates, read through this rundown first to see if might be right for you. Read more

by Ashley Chorpenning Aug 09, 2021

The prospect of retirement sparks a myriad of questions about how much you have saved up, where you want to live and when you plan to start. Retirement used to connote a post-work life of leisure on the front porch or golf course, with some travel thrown in. But that might not be the type of retirement that works for you. Maybe you struggle to save and need to stick to a strict budget. Or perhaps you want to keep your mind sharp and don’t want to lose the social interaction a job provides. If you’re considering the different types of retirement, here are a few options to get you started. Read more

by Ashley Chorpenning Aug 05, 2021

You know why you should save for retirement. Once you retire, you need funds to support your lifestyle and take care of the things you treasure. But with all the talk of how important saving for retirement is, no one breaks down what a nest egg should look like. Your needs are unique, and no two retirement incomes are exactly the same. Social Security will support you but only so far. That’s why you should work on saving enough funds to match your specific goals. Here’s how to take into consideration factors that determine your own good retirement income. Read more

by Ashley Chorpenning Aug 05, 2021

Companies need capital to fund their operations. Bonds and loans are two financing options available to them that work similarly. Both avenues let corporations borrow money that they will eventually… Read more

by Ashley Chorpenning Aug 05, 2021

Investors not only seek capital appreciation from the securities they buy, but they sometimes also pick securities for the income they provide. Such income can come in the form of dividends and… Read more

by Ashley Chorpenning Aug 04, 2021

Investors often put money into dividend-paying stocks for the income they generate. When it comes to finding dividend stocks there are numerous options out there. However, making the best financial… Read more

by Ashley Chorpenning Jul 30, 2021

Investors who rely on dividend income need to understand four crucial dates to determine when they will get a distribution. Those four dates are the declaration date, the ex-dividend date, the record… Read more

by Ashley Chorpenning Jul 30, 2021

Bonds are a popular security for fixed-income investors and people seeking stability for their portfolios. Understanding how bonds, which are essentially corporate or government IOUs, provide income… Read more

by Ashley Chorpenning Jul 28, 2021

Mutual funds and stocks each offer specific types of advantages to investors. In general stocks tend to offer higher returns while mutual funds tend to offer greater stability. The right one for you… Read more

by Ashley Chorpenning Jul 28, 2021

If you have ever traveled abroad, you know that exchange rates can fluctuate. When it comes time to convert currencies, you may receive more or less than the amount you expected or planned for.… Read more

by Ashley Chorpenning Jul 26, 2021

Companies sometimes need capital to help with acquisitions and expansions. While an initial public offering (IPO) can help with that early in a company’s life, a company may have to return to the… Read more

by Ashley Chorpenning Aug 04, 2021

Two of the more common business terms you may hear are “sector” and “industry.” They are often used to describe the same thing, but they’re not actually the same. Within the world of business and… Read more

by Ashley Chorpenning Jul 26, 2021

One of the most common categories of investment securities is known as cyclical stocks. These are shares in companies that are sensitive to economic or business cycles. When an economy is contracting… Read more

by Ashley Chorpenning Jun 29, 2021

Even though $5 million is a significant sum, having a nest egg that size for retirement still requires that it be handled in a prudent manner. Here are several ways to make sure that such an amount… Read more

by Ashley Chorpenning Jun 17, 2021

Earning dividends is a valuable source of income for investors, particularly those saving for retirement. The IRS allows qualified dividends to be taxed at a lower capital gains rate than the higher… Read more

by Ashley Chorpenning Jun 11, 2021

The FIRE movement promises a surefire way to help you retire below the national average retirement age of 64 and be financially independent. But first, you should know your FIRE number, or the amount… Read more

by Ashley Chorpenning Jun 04, 2021

Adherents of the Financial Independence/Retire Early (FIRE) movement aim to reach a point where they don’t need ongoing income to retire and to get to that point before – sometimes well before –… Read more

by Ashley Chorpenning May 26, 2021

Two of the possible ways for people making arrangements for the disposition of their assets after their death are wills and irrevocable trusts. Each one has unique strengths. Here’s how the two… Read more

by Ashley Chorpenning May 26, 2021

Estate planning is also an important step in taking care of what matters most: your loved ones and the life you’ve worked hard for. Two of the options are a revocable trust and a will. But which one… Read more

by Ashley Chorpenning May 21, 2021

The Internal Revenue Service (IRS) sends U.S. investors a myriad of tax forms every year. While the number and complexity of these forms can be off-putting and confusing, it’s important that you… Read more

by Ashley Chorpenning May 21, 2021

In a tax-deferred investment account the dividends, interest and capital gains are not taxed until money is withdrawn. These kinds of investments are attractive to people whose earnings or net worth… Read more

by Ashley Chorpenning May 14, 2021

Most people are familiar with traditional investment options like stocks, bonds and real estate. Some investors may be looking for ways to diversify their portfolio, though. One way to do that is by… Read more

by Ashley Chorpenning May 13, 2021

SoFi and Acorns are robo-advisors, meaning they digitally manage your investments or offer online advising. The two services target digitally native investors and cater to hands-off traders who… Read more

by Ashley Chorpenning May 07, 2021

Online investing has become increasingly popular, and with the growing appeal comes new pools of traders who want to begin building their own investment portfolios. Finding the right broker is… Read more

by Ashley Chorpenning May 07, 2021

The stock market can be a volatile setting where each investor’s success depends on both strategy and their tactics. In addition, each investor must create a balance between minimizing risk and… Read more