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Caroline Hwang

Retirement, Investing and Budget Expert

Caroline Hwang has been writing about personal finance for more than 20 years. She is a Certified Educator in Personal Finance (CEPF®). Her work has appeared in print and online, including in the New York Times and HuffPo. Before coming to SmartAsset, she worked on the staffs of such publications as Glamour, Redbook and Good Housekeeping. Caroline has a bachelor’s from the University of Pennsylvania and an MFA from New York University. She has yet to beat her young son at chess.

Posts by Caroline Hwang:

by Caroline Hwang Nov 15, 2019

Long before investing disruptors E-Trade and Betterment came on the scene, there was Charles Schwab & Co., Inc. A maverick since its inception in 1973, Charles Schwab brokerage cut its fees by half when the Securities and Exchange Commission (SEC) deregulated the securities industries. Today, the company is a full-service brokerage and investment advisor. It continues to innovate, offering online access, 24-hour client support, no-commission online U.S. stock trades – and most recently, the ability to trade fractions of stocks. Investor’s Business Daily named Charles Schwab, which has 12 million brokerage customers, the “#1 Broker Overall” in its 2019 survey. Also in 2019, StockBrokers.com named the brokerage firm “Best in Class Overall,” and Fortune ranked the brokerage firm #1 for “Innovation in Key Attributes of Reputation” within the securities and asset management category of its annual list of world’s most admired companies. Read more

by Caroline Hwang Nov 08, 2019

A headache wrapped in a lot of bother, attached to a hefty price tag. For many people, that’s what switching financial advisors seems like – and so they put it off, indefinitely. But replacing your advisor doesn’t have to be a big hassle or come with high costs. We spoke to two financial advisors who have been on both sides of client transfers. Here’s their take on the break-up process and how to make it short and sweet. Read more

by Caroline Hwang Oct 02, 2019

Contrary to public perception, trusts aren’t only for the wealthy. Indeed, anyone who owns property in Vermont and whose estate is worth more than $10,000 may want to set up a living trust to avoid probate. The court process can take six to 18 months if no litigation is involved. This article will help you decide whether a Vermont living trust makes sense for you. It will also tell you everything you want to know about the legal document. For large estates, you’ll probably also want a financial advisor’s help. SmartAsset’s free matching tool can help you find the right pro for your situation. Read more

by Caroline Hwang Oct 01, 2019

After working so hard to build and manage your wealth, you’re not about to let it just scatter to your heirs without a plan. You want to steer it to them intact, which may include creating a living… Read more

by Caroline Hwang Oct 01, 2019

After the years you put into building your wealth, you want to pass it on to your heirs intact – and ideally without the delay of the courts. For Kentuckians, setting up a living trust makes a lot of… Read more

by Caroline Hwang Sep 30, 2019

It’s not only natural to be thinking about what will happen to your property after you die. It’s also smart. For Tennesseans who want to spare their heirs the time and expense of going through… Read more

by Caroline Hwang Sep 11, 2019

There are more ways to invest $1 million than you might think. It’s smart to have a plan in place and to assess your goals for growth and risk tolerance. Of course, you’ll also want to factor in how… Read more

by Caroline Hwang Nov 01, 2019

Formerly called Matador, Public is a stock-trading app for rookie investors that has been available to the general public since March 2019. It’s like many other beginner investing apps (think… Read more

by Caroline Hwang Aug 19, 2019

When people talk about a market correction, it sounds like a euphemism for falling stock prices. But it’s actually a technical term for a 10% or bigger drop in the price of an index (or individual… Read more

by Caroline Hwang Aug 01, 2019

For an interest-only retirement, you’ll need to have a large nest egg. How big a nest egg depends on your target income and the interest rate. For example, an annual income of $48,000 would require a… Read more

by Caroline Hwang Aug 15, 2019

All safe investments come with a catch. They, alone, will never make you Bezos billions. They can, however, earn a little while serving another purpose such as being fairly liquid or balancing a… Read more

by Caroline Hwang Jun 12, 2019

For most, the advantages of 401(k) plans outweigh the disadvantages. But there are some people who would benefit from steering their retirement savings to other investment vehicles. Could you be one… Read more