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:
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
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
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
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
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