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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 Dec 02, 2021

A 65-year-old person today has nearly a 70% chance of requiring long-term care services at some point, according to the Administration for Community Living (ACL) and the Administration on Aging (AOA). Of that group, 20% will need it for over five years. So, chances are, you may also need this type of service down the line. But how will you pay for it? A long-term care insurance policy is one method to help lessen the bite of care costs. Here’s how. Read more

by Ashley Chorpenning Dec 01, 2021

With the 2021 tax deadline just around the corner it’s not too soon to acquaint yourself with the relevant federal tax brackets. The Internal Revenue Service (IRS) adjusts them annually for changes in the cost of living. Those changes may impact your tax payment strategy. With that in mind, here are the marginal tax rates for the 2021 year. A financial advisor can help you with tax planning. Find an advisor today. Read more

by Ashley Chorpenning Nov 22, 2021

According to LIMRA’s Insurance Barometer Study and the Insurance Information Institute, 54% of people during 2020 in the U.S. received coverage through some type of life insurance. You’ve likely considered it as part of your own financial plan, especially if want to ensure dependents will be taken care of after you die. But life insurance can benefit you while you’re still alive as well. Indexed universal life insurance offers policyholders both life insurance and an avenue for asset growth. Here are the indexed universal life insurance pros and cons and how it may, or may not, work into your overall financial strategy. Read more

by Ashley Chorpenning Nov 16, 2021

When investors want to diversify their portfolios, they often consider real estate. But if you’re interested in real property, you need to know the ins and outs of purchasing and selling. One method… Read more

by Ashley Chorpenning Nov 15, 2021

Most real estate investors are familiar with traditional tax-deferred exchanges. They require you to sell your current business property before you can purchase another. However, there’s an… Read more

by Ashley Chorpenning Nov 12, 2021

Many of us are familiar with the traditional route to retirement. You get a job, open retirement savings accounts and eventually enter your golden years and retire. Then you sit back and enjoy the… Read more

by Ashley Chorpenning Nov 12, 2021

The average individual turning 65 has nearly a 70% chance of needing long-term care in some capacity as he or she ages, according to the Administration for Community Living (ACL) and the… Read more

by Ashley Chorpenning Nov 10, 2021

Most seniors would prefer to stay in the comfort of their own homes. But at a certain point, it just might not be feasible. The average person 65 and older has almost a 70% chance of requiring long… Read more

by Ashley Chorpenning Nov 10, 2021

Many people turn to long-term care (LTC) for a disability or chronic health condition. Sometimes the need for this happens suddenly after a medical emergency, like a stroke, or progressively with age… Read more

by Ashley Chorpenning Nov 12, 2021

Parents have the opportunity to build funds for their child’s education through savings vehicles like a 529 plan or a custodial account. Both of these options allow adults to store away money that… Read more

by Ashley Chorpenning Nov 04, 2021

For some, it’s degenerative; for others, it’s a split moment. In either case, the consequences are lasting. And in either case, you find yourself in need of financial aid because a disability makes… Read more

by Ashley Chorpenning Nov 03, 2021

You’re likely familiar with the usual range of traditional investments like stocks, bonds and fixed-income securities. While these options suffice for many investors, many investors also add… Read more

by Ashley Chorpenning Oct 26, 2021

Too many Americans are unprepared for retirement, according to a PwC analysis. Around a quarter of U.S. adults have no savings at all for retirement, and only 36% are on track. Fortunately, several… Read more

by Ashley Chorpenning Oct 26, 2021

Planning for retirement takes some level of strategy because it requires us to consider not only how to build wealth but how to protect it as well. Employers offer 401(k)s to address the first need,… Read more

by Ashley Chorpenning Oct 21, 2021

The COVID-19 recession may have gotten you thinking about how to preserve your wealth. Many investors consider store-of-value assets like Bitcoin and gold as ways to preserve wealth. For example,… Read more

by Ashley Chorpenning Oct 20, 2021

When people think of their ideal nest egg, many aim for – or hope for – $1 million. They want a sufficient cushion to carry them and any loved ones through their golden years. However, that may not… Read more

by Ashley Chorpenning Oct 18, 2021

Value-added taxes (VAT), which are a type of consumption tax, are major sources of revenue for countries in the Organization for Economic Co-operation and Development (OECD), among other regions.… Read more

by Ashley Chorpenning Sep 27, 2021

More often than not, people want to leave their assets and property behind to people they care about when they pass. But sometimes individuals don’t make a will or die with debts. In such cases … Read more

by Ashley Chorpenning Sep 27, 2021

If you own any property at all, you probably know about estate planning. You can decide what happens to your assets after you die, of course. But sometimes, people don’t pen a will or trust before… Read more

by Ashley Chorpenning Sep 27, 2021

Sometimes an inheritance includes more than a house or an heirloom vase. Investors can choose to pass down to their heirs financial securities like stocks. Determining the value of such a bequest is… Read more

by Ashley Chorpenning Sep 24, 2021

Adopting a child is one of the greatest acts of love a person can do. It gives a warm and secure home to children who need it. But it’s also a full commitment that comes with a range of challenges.… Read more

by Ashley Chorpenning Sep 24, 2021

Is becoming a parent one of your biggest dreams? If so, then you may feel like nothing can stand between you and your future child. Whether it’s paperwork, research or money – you are prepared for… Read more

by Ashley Chorpenning Sep 23, 2021

Adopting is a great option for people who want to provide a loving home to children who need it. But any adoption, in or out of state, comes with its challenges. If you are interested in adopting,… Read more

by Ashley Chorpenning Sep 21, 2021

Gaining or changing ownership over real estate can be complicated. Anyone interested should develop his or her know-how on all the involved documentation before taking on the challenge. If you are… Read more

by Ashley Chorpenning Sep 20, 2021

Sustainable finance is a movement of investors, companies and financial institutions as well as advisors who consider more than just the bottom line. Pursuing sustainable finance means taking… Read more