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Becca Stanek

Retirement and Investing Expert

Becca Stanek is a graduate of DePauw University. Becca is an experienced writer/editor who serves as a retirement expert for SmartAsset. She's passionate about helping people understand the sometimes daunting ins and outs of personal finance. Becca is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society for Advancing Business Editing and Writing. Her work has also appeared at Time, The Week, Mic and The Washington Monthly. Becca grew up in the Midwest and now lives in New York City.

Posts by Becca Stanek:

by Becca Stanek Jul 25, 2019

Making a decision to move to a particular place involves taking into account many factors, including career opportunities and what mortgage payments might look like. But does the choice of a particular locale say anything about trends across a specific socioeconomic class and generation? While wealthy people of Generation X, for example, are headed down South in general, Florida is the most popular state for them in particular, with a net inflow of approximately 9,000 from 2015 to 2016. Meanwhile, New York saw almost as many wealthy Gen Xers leave within that same time span. Read more

by Becca Stanek Aug 21, 2019

A number of factors can influence your decision to move to a new place, including where your peers are headed. While some older generations like rich retirees and rich Gen Xers are moving to Florida, wealthy millennials are still seeking out sunny locales, but in other states. Moving and taking out a mortgage in a new state are big decisions often best discussed with a trusted financial advisor, but in recent years, California, home of Silicon Valley, has been a relatively popular destination for people who are younger than 35. By contrast, data shows that this demographic is exiting New York in droves – the state had a net outflow of 4,867 wealthy people under the age of 35 from 2015 to 2016.  However, its neighbor across the Hudson River, New Jersey, made it into the top 10 cities in our study of where rich millennials are moving. Read more

by Becca Stanek May 21, 2019

The U.S. is the 19th-happiest country in the world, according to the 2019 World Happiness Report that the Sustainable Development Solutions Network for the UN released. Though this is a one-spot drop since last year, there are still plenty of places to find happiness in America. We looked within the U.S. to determine which counties are the happiest. Money, of course, doesn’t buy happiness, so those places gracing the top 10 don’t necessarily have the residents with the largest savings accounts. Rather, these places stand out due to a number of factors related to physical and financial health as well as family stability. Read more

by Becca Stanek Jul 31, 2019

Moving to a new home can be a difficult undertaking, even though it might bring your life a much-needed change, especially when you have significant financial costs to consider. As you look to make… Read more

by Becca Stanek Sep 19, 2019

By definition, a fiduciary is an individual organization who manages assets on behalf of another person or entity. Fiduciary financial advisors hold a relationship of trust with their clients and… Read more

by Becca Stanek Aug 21, 2019

Ken Fisher, an investment analyst and self-made billionaire, is perhaps best known for founding Fisher Investments. The financial advisor firm based in Camas, Washington manages more than $96 billion… Read more

by Becca Stanek Sep 19, 2019

If you’re starting to think about getting ready for retirement or you’re approaching a major life transition, it might be the right time to hire a financial advisor. A financial advisor can help you… Read more

by Becca Stanek Aug 01, 2019

As you strive to reach your financial goals and prepare for retirement, you may consider turning to a financial advisor. But you may be wondering: How much does a financial advisor cost? Generally,… Read more

by Becca Stanek Jul 24, 2019

For anyone trying to choose a financial advisor, Form ADV is an essential point of reference. Form ADV is paperwork that all financial advisor firms that manage more than $25 million must file with… Read more

by Becca Stanek Aug 06, 2019

A wealth manager is a subset of financial advisor that primarily serves high-net-worth and ultra-high-net-worth individuals – in other words, people with wealth that needs managing. A wealth manager… Read more

by Becca Stanek Jul 19, 2019

Estate planning is the process of making a plan for how your assets will be distributed upon your death or incapacitation. Through estate planning, you can ensure your assets are given to the people… Read more

by Becca Stanek Aug 20, 2018

Are your retirement savings on track? It can be hard to know exactly how much you should have tucked away and by what age. And how do you stack up compared to others? Taking a look at the average 401… Read more

by Becca Stanek Jul 09, 2019

Warren Buffett said it best: “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”… Read more

by Becca Stanek Aug 15, 2019

Figuring out how to buy bonds is a deceptively complicated process. Before you make your purchase, it’s important to understand what types of bonds there are, and how much risk and reward each bond… Read more

by Becca Stanek Sep 12, 2018

In short, yes, your inheritance is taxable. However, the full story is more complicated than a simple yes or no answer. Whether you’ll pay inheritance tax and how much you’ll pay depends on a variety… Read more

by Becca Stanek Nov 21, 2019

You can freeze your credit report by contacting a credit bureau like Equifax, Experian and TransUnion. Then you’ll fill out some paper work and pay a fee. Freezing your credit report is a good idea… Read more

by Becca Stanek Aug 21, 2019

When it comes to choosing a financial advisor, you want to pick carefully. A financial advisor can be key to helping you determine and achieve your financial goals and get ready for retirement. But… Read more

by Becca Stanek Aug 06, 2019

Private wealth management is an investment advisory practice focused on serving the unique needs of wealthy individuals. The practice incorporates a wide range of services, including financial… Read more

by Becca Stanek Aug 15, 2019

Self-directed 401(k) plans let savers decide how to invest their pre-tax retirement contributions. Rather than being limited to the pre-approved funds typically offered by traditional 401(k) plans,… Read more