Email FacebookTwitterMenu burgerClose thin

Bob Haegele

Posts by Bob Haegele

SmartAsset: Which savings account will earn you the most money?
Checking Account

Which Savings Account Will Earn You the Most Money?

There are many types of savings accounts. Money market accounts can earn higher interest rates than traditional savings accounts. But CDs can often earn even higher rates. However, there are pros and cons to each type of account that goes… read more…

What Is a Certified Aging in Place Specialist?
Retirement

What Is a Certified Aging in Place Specialist?

Certified aging in place specialists (CAPS) offer services to seniors and older adults as home remodelers, healthcare professionals and home care providers. These services have grown in popularity among those who want to maintain their dignity and independence as they… read more…

passive real estate investing
Investing

Passive Real Estate Investing: What to Know

Real estate investing can have many benefits, including cash flow, asset appreciation and tax breaks. However, it can also be a lot of work, which many people don’t have the time to do. But investing in real estate doesn’t have… read more…

is $3 million enough to retire at 40
Retirement

Is $3 Million Enough to Retire at 40?

Depending on your goals and plans, $3 million can be enough to cover early retirement at 40. However, certain factors will affect whether $3 million is enough. For example, your retirement needs and life expectancy play a big role. Here’s… read more…

What Are FAAMG Stocks?
Investing

What Are FAAMG Stocks?

FAAMG is an acronym for a group of five American technology stocks: Facebook, Apple, Amazon, Microsoft and Google. Given the tech behemoths behind each of these stocks, they have been centerpieces in millions of stock portfolios. Here’s what you need… read more…

do checking accounts earn interest
Checking Account

Do Checking Accounts Earn Interest?

Checking accounts are generally intended for short-term deposits and expenses. But some offer interest rates on account balances. When checking accounts offer interest, the rates are generally on the low end. But if you prefer to eke out as much… read more…

what is a retirement annuity
Retirement

What Is a Retirement Annuity?

A retirement annuity is a basic annuity where you pay on a contract for a set period of time and in return receive income, often for life. Retirement annuities provide predictable income, giving people increased financial security and peace of… read more…

taxable brokerage account
Investing

When You Should Use a Taxable Brokerage Account?

A taxable brokerage account that allows you to buy and sell a wide range of securities, such as stocks, bonds, mutual funds and exchange-traded funds (ETFs). Unlike contributions to a traditional IRA or a 401(k), contributions to a taxable brokerage… read more…

how long will 800k last in retirement
Retirement

How Long Will $800,000 Last in Retirement?

Saving for retirement is one of the most important parts of securing your financial future. While programs like Social Security can help, they often aren’t enough on their own. This is why it is crucial to have retirement savings of… read more…

SmartAsset: Does Medicaid pay for home care?
Insurance

Does Medicaid Pay for Home Care?

Medicaid is a program is designed to assist families with limited income and resources. Medicaid covers various medical services, including hospitalization, doctor’s visits and nursing home care. It may also cover home care services, but it depends on the state… read more…

Retirement Home: Cost and Service Guide
Retirement

Retirement Home: Cost and Service Guide

A retirement home is a private facility that offers seniors care and support. These facilities typically have amenities and services that cater to the needs of seniors, including meal preparation, housekeeping, medical care and social activities. Here’s a breakdown of… read more…

is $10 million enough to retire at 30
Retirement

Is $10 million Enough to Retire at 30?

The sum of $10 million might sound like a lot – and to the average person, it is. But what if you want to retire at just 30 years old and potentially live another 40, 50 or even 60 years… read more…

SmartAsset: Is $3 Million Enough to Retire at 65?
Retirement

Is $3 Million Enough to Retire at 65?

To some people, $3 million will sound like a lot. You probably think $3 million is enough to retire if you’re among that crowd. But retiring with $3 million at 65 can last depending on your longevity, lifestyle and other… read more…

SmartAsset: How to save for retirement in your 20s
Retirement

How to Save for Retirement in Your 20s

Saving for retirement is a long-term process, but starting earlier will give you a significant advantage. You will have more time for compounding to take effect and more money in the long run. Being in your 20s will give you time… read more…

SmartAsset: Can you lose a vested pension?
Retirement

Can You Lose a Vested Pension?

Once a pension has vested, you should be entitled to keep those funds, even if you’re fired. However, you aren’t always entitled to all the money in your pension fund. In some cases, you might lose some, or even all,… read more…

how to open a cd account
Investing

How to Open a CD Account

Certificates of deposit (CD) accounts allow depositors to earn a guaranteed interest rate in exchange for keeping their money in the account for a predetermined length of time. These accounts can have higher interest rates than those on traditional savings… read more…

IRA Rollover vs. IRA Conversion
Retirement

IRA Rollover vs. IRA Conversion

Do you have money in a 401(k) from a previous job or an old IRA? Performing an IRA rollover or conversion can be smart depending on your situation. You might also opt for an IRA transfer, where you move money… read more…

tax haven
Taxes

Tax Haven Examples, Benefits and Legality

Tax havens offer very low tax rates to foreign and domestic investors. While we often think about the business implications of tax havens, there can also be implications for individuals. Here are common examples, benefits and legal requirements you must… read more…

SmartAsset: What is a retirement plan?
Retirement

What Is a Retirement Plan?

A retirement plan is a financial strategy that combines both savings and investments and plans for distributions to pay for retirement. To help assist you with your financial goals, employers often offer a 401(k) plan to help you save a… read more…

Can You Lose Money in a Money Market Account?
Checking Account

Can You Lose Money in a Money Market Account?

Money market accounts combine the benefits of both savings and checking accounts with the potential for higher interest yields. While the Federal Deposit Insurance Corporation or the National Credit Union Administration insures your money market account, bank fees and penalties… read more…

SmartAsset: How to retire at 40 with $2 million
Retirement

How to Retire at 40 With $2 million

Retiring at 40 with $2 million is an ambitious goal, but that doesn’t mean it’s impossible. While you’ll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan… read more…

SmartAsset: Pros and cons of revocable living trust
Estate Planning

Pros and Cons of Revocable Living Trust

A revocable living trust can help you protect privacy, avoid probate and protects you in case of incapacitation. But you will also have some limitations. That’s because revocable living trusts can be expensive, and they don’t have direct tax benefits.… read more…

how to invest in mutual funds online
Investing

How to Invest in Mutual Funds Online

Mutual funds allow investors to diversify their portfolios by purchasing a broad range of assets in a single fund. Investors can buy mutual funds online directly through a fund provider, an investment company or an online brokerage. Here is how… read more…

current balance vs available balance
Checking Account

Current Balance vs. Available Balance

Whenever you’re budgeting out your money, it’s important to understand how much money you have at any given time, but not all bank balances are equal. Making a mistake between your current and available balance, for example, could cause you… read more…

SmartAsset: Differences of medigap vs. medicare advantage
Insurance

Differences of Medigap vs. Medicare Advantage

Medigap and Medicare Advantage are both healthcare plans used by people in retirement. Medigap insurance helps supplement areas like coinsurance, deductibles and copayments. Medicare Advantage, sometimes called Part C, plans are offered by private firms approved by Medicare. We’ll dive… read more…