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:
The term “fiduciary” is a good thing to hear if you’re searching for a financial advisor. Perhaps you’ve heard it in the news in connection to the debate over the Department of Labor’s fiduciary rule, or maybe it cropped up as you were choosing a financial advisor. Financial advisors who are fiduciaries hold a relationship of trust with their clients and abide by fiduciary duty. Fiduciary duty is the ethical obligation to act solely in someone else’s best interest. In theory, this should minimize conflicts of interest and make a financial advisor more trustworthy. Read on to learn more about what a fiduciary is and what fiduciary duty entails, as well as how to find a fiduciary financial advisor to work with. Read more
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 with everything from creating a financial plan to managing and building your wealth. Of course, finding a financial advisor is easier said than done. Not all financial advisors are alike, so you’ll want to be sure to do your homework to ensure you end up working with someone who is trustworthy and suits your needs. As you’re weighing your options, these are the 10 questions to ask a financial advisor to decide if this is the person you want to manage your money. Read more
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, financial advisors charge a flat fee of $1,500 to $2,500 for the one-time creation of a full financial plan, or 1% to 2% of assets under management for ongoing portfolio management. However, fee rates and compensation structures differ from advisor to advisor. That can make it challenging to figure out how much you’re paying and if you’re getting a fair deal when you’re trying to find a financial advisor. Here’s what you need to know to make sure you fully understand financial advisor fees before you hire one. Read more
Take billionaire investor Warren Buffett’s advice for how to learn to make good money decisions, and pick up a book. Whether you’re a beginner or a seasoned investor in need of a refresher, reading… Read more
If you’re the victim of identity theft or you think you might be, you may want to consider a credit freeze. A credit freeze blocks new creditors from viewing your credit report. That makes it tougher… Read more