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:
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
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
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
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
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