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Eric Reed

Retirement and Investing Expert

Eric Reed is a freelance journalist who specializes in economics, policy and global issues, with substantial coverage of finance and personal finance. He has contributed to outlets including The Street, CNBC, Glassdoor and Consumer Reports. Eric’s work focuses on the human impact of abstract issues, emphasizing analytical journalism that helps readers more fully understand their world and their money. He has reported from more than a dozen countries, with datelines that include Sao Paolo, Brazil; Phnom Penh, Cambodia; and Athens, Greece. A former attorney, before becoming a journalist Eric worked in securities litigation and white collar criminal defense with a pro bono specialty in human trafficking issues. He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines.

Posts by Eric Reed:

by Eric Reed Jun 23, 2022

A flexible spending account (FSA) allows you to save up money for medical expenses. You can use this tax-advantaged fund to pay for costs like copays, deductibles and pharmaceuticals. For the most part, you have to spend the money in your FSA by the end of each year. However, the IRS allows you to keep a certain amount from year to year. This is called your “carryover.” In 2022, this carryover is $570. For help with FSAs or any other financial planning concerns, consider working with a financial advisor. Read more

by Eric Reed Jun 16, 2022

Americans are notoriously unprepared for a financial emergency, with fewer than half – according to some studies – able to afford an unexpected $1,000 expense. That’s an improvement from previous years, when most Americans didn’t have the savings to cover $400. But this still leaves most households vulnerable to a financial emergency. The good news is that financial emergencies can be managed. If you’re facing bills that you can’t afford to pay, there are strategies that you can pursue. Importantly, there are ways that you can prepare for financial emergencies in advance. Here’s how to get started. A financial advisor could help you create a financial plan to protect you from financial emergencies. Read more

by Eric Reed Jun 16, 2022

When you purchase a home, you need to understand what makes a property valuable so you can get a sense of what you should pay. One of the biggest factors in assessing a property’s value is real estate comps, which show what similar properties have recently sold for in the nearby area. The value is being set by what others have been willing to pay for what you’re wanting to buy. Before buying real estate, you may want to work with a financial advisor to see how it fits into your future financial goals. Read more

by Eric Reed Jun 16, 2022

Inflation measures how prices change for goods and services. When inflation is positive, or greater than 0.0, it means that prices have gone up for the same products or services. Cost of living… Read more

by Eric Reed Jun 10, 2022

Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down… Read more

by Eric Reed Jun 08, 2022

Exempt-interest dividends are a class of mutual fund distribution not subject to federal income taxes. They are uncommon, if not relatively rare, and only apply to specific funds that invest in asset… Read more

by Eric Reed Jun 08, 2022

The value of individual cryptocurrencies can swing widely in the span of days or even hours. That volatility makes it difficult for investors to manage such assets and difficult for them to conduct… Read more

by Eric Reed Jun 08, 2022

When you buy a house, the mortgage for that property is based on the combined value of the land and the building on that land. But not all buildings can be valued with the underlying land. Mobile and… Read more

by Eric Reed Jun 06, 2022

Investing involves a series of constant tradeoffs and careful planning, and there is no one-size-fits-all solution. Different investments will provide different potential payouts over time. So when… Read more

by Eric Reed Jun 22, 2022

The amount you collect from an annuity depends on when you invest, the return your specific annuity offers and the details of your particular contract. As a result, it’s difficult to provide a… Read more

by Eric Reed May 26, 2022

If you’re an individual investor you cannot buy shares of private stock, but you can sell them. In most cases, the easiest option is to sell your shares of stock back to the company that issued them.… Read more

by Eric Reed May 26, 2022

An individual investor you can invest in private companies, but only through side options like an ETF or a mutual fund. An individual investor cannot invest in private companies  directly because… Read more

by Eric Reed May 26, 2022

Though similar in many respects, private and public companies differ in significant ways. Private companies only have to follow laws and statutes that apply to everyone else. Publicly traded… Read more

by Eric Reed May 20, 2022

The largest classes of investment for most Americans are retirement funds and real estate. Most Americans have some form of retirement savings, typically held in tax-advantaged retirement account… Read more

by Eric Reed May 20, 2022

In recent months, the news has been full of speculation about Elon Musk potentially purchasing Twitter and making it a private company, leading some people to wonder exactly how that works. Firstly –… Read more

by Eric Reed May 19, 2022

Dividends are the bread and butter of income investors. You don’t need to sell your assets or spend hours every day managing your accounts. Instead, dividend stocks simply generate income on their… Read more

by Eric Reed May 19, 2022

When it comes to investing, you can go it alone or with a partner. That’s true no matter what form your assets take, including brokerage accounts. With an individual brokerage account, you’re the… Read more

by Eric Reed May 19, 2022

For many people, hedge funds and investment banks are both terms that are synonymous with rich people, but the differences between the two are significant. A hedge fund manages a highly diverse… Read more

by Eric Reed May 18, 2022

If you are an ordinary investor, an ETF is often a good investment. In part this is because an ETF has a more stable risk profile than a hedge fund, but mostly it’s because an ETF is your only legal… Read more

by Eric Reed May 18, 2022

Legally, divorce is divorce no matter how much money is involved. In practice, though, high-net-worth divorces tend to be much more complicated than ordinary breakups. Rules surrounding divorce are… Read more

by Eric Reed May 10, 2022

If you are buying a home, there are two things you should never, under any conditions, waive. The first is home inspection, along with your right to unilaterally withdraw your offer based on the… Read more

by Eric Reed May 10, 2022

Carbon credits are becoming a popular idea for investment as governments begin to take the threat of climate change seriously. While ideally this will become an active investment option in the future… Read more

by Eric Reed May 10, 2022

Lucid Motors is a California-based publicly traded company that was founded in 2007 and sells electric vehicles. Like Tesla, this company focuses on the luxury market. If you’d like to invest in the… Read more

by Eric Reed May 10, 2022

Fifth-generation wireless, otherwise known as 5G, is a big deal, a highly anticipated next step in wireless service. If companies can distribute it as advertised, it has the potential to completely… Read more

by Eric Reed May 10, 2022

The metaverse is a speculative idea more than a specific product or service. It does not exist yet, nor will it be a specific product or service if it is developed. But it is backed by a lot of smart… Read more