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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 Oct 22, 2021

There’s currently one way to buy cryptocurrency exchange-traded funds in the U.S. — through the Bitcoin Strategy ETF that deals in Bitcoin futures traded on the Chicago Mercantile Exchange. More such possibilities are on the horizon stateside, but these products have already gained popularity around the world. As these products gain traction domestically, consider working with a financial advisor as you explore investing in digital assets like cryptocurrencies. Read more

by Eric Reed Oct 11, 2021

Cryptocurrencies remain some of the hottest assets on the market, and that’s unlikely to change. They are one of the most discussed, most volatile, most sought-after and (in some cases) most valuable asset classes. Countless pixels have been spilled on the legal and tax status of crypto assets alone. People have made fortunes and many, many more people have lost their investments entirely. That doesn’t mean you should stay away, but if you want to jump into cryptocurrency trading you should make sure to equip yourself with the right information and tools. Here are five apps that should help. Read more

by Eric Reed Oct 11, 2021

An individual retirement account (IRA) is a tax-advantaged retirement account that helps people to save for later in life. Traditional IRAs mimic the structure of a 401(k). You contribute pre-tax earnings into the account and only pay taxes on what is withdrawn during your retirement. Contributions to Roth IRAs are made with after-tax earnings but are not taxed when money is withdrawn. However you choose to structure your retirement account, an IRA is often a very good option.  Read more

by Eric Reed Oct 08, 2021

Diamond hands is a term that has been popularized by the cryptocurrency community. In a nutshell, it means holding on to an investment asset despite volatility and risks. Rather than running for a… Read more

by Eric Reed Sep 22, 2021

When you die, a section of law known as estate and probate law governs how your assets are distributed. Someone who dies (known as the “decedent”) with a legitimate will has set up what is known as a… Read more

by Eric Reed Sep 22, 2021

Power of attorney is an important legal planning tool. It is commonly used for estate planning, medical management, financial management and much more. It’s also a flexible tool. You have the right… Read more

by Eric Reed Sep 21, 2021

For many families with elderly people or engaged in estate planning, power of attorney is essential, especially if the elderly person’s mental abilities are compromised. Having someone who can take… Read more

by Eric Reed Sep 17, 2021

Power of attorney is one of the most important legal forms for estate and elder care planning. Along with wills and trust documents, it is a critical document for arranging one’s affairs. A power of… Read more

by Eric Reed Sep 17, 2021

Coinbase and Binance are two of the largest cryptocurrency markets online today. Coinbase is one of the oldest and most well-established markets. It was founded in 2012 and currently trades publicly… Read more

by Eric Reed Aug 31, 2021

Under certain circumstances individuals need to have decisions made for them. Sometimes that’s because the person is unavailable or incapacitated. Other times, the person is no longer competent to… Read more

by Eric Reed Sep 02, 2021

In some circumstances you can get a deduction or credit on your federal income taxes for taxes that you’ve paid to other non-U.S. governments. The foreign tax credit is one of these cases. If you… Read more

by Eric Reed Aug 31, 2021

Expat taxes aren’t easy. They depend on what you do for a living. They depend on where you do it, what taxes the local government charges, where you hold investments, which passports you hold and… Read more

by Eric Reed Aug 27, 2021

Many people have a vested interest in the success of a company. If you own a portion of it, you want it to succeed because then you get a cut of the profits. Folk like that are called “shareholders.”… Read more

by Eric Reed Aug 24, 2021

Pay yourself first, sometimes referred to as “reverse budgeting,” is a form of budgeting that is built around your individual financial goals. Your budgeted expenses are then structured around what’s… Read more

by Eric Reed Aug 23, 2021

Microsoft is one of the highest profile stocks on the market. Although not necessarily the highest performing tech stock out there,  as it has fallen behind the FAANGs in that contest, there are few… Read more

by Eric Reed Aug 23, 2021

Mint by Intuit is one of the most popular free personal finance apps among a wide array of such apps on the market. It lets you link all your accounts and can perform such tasks as reminding you when… Read more

by Eric Reed Aug 23, 2021

Short interest measures how many shares of a specific stock are the object of investors’ negative outlook. These “short shares” have been borrowed by investors to sell and have not yet been… Read more

by Eric Reed Aug 19, 2021

Activist investors have steadily carved out a niche for themselves, establishing investment portfolios built around social and political goals. For example, activist investors made the news recently… Read more

by Eric Reed Aug 19, 2021

When you set up an investment portfolio, it’s essential to have a strategy. That doesn’t have to mean complexity. You can make plans as simple as “minimize risk” or “save for retirement.” In fact,… Read more

by Eric Reed Aug 19, 2021

Passive income can supplement the money you make from your job, compounding your finances and helping you build wealth more quickly. Or it can free up time in your schedule. On the other hand, it can… Read more

by Eric Reed Aug 18, 2021

Nearly half of all Americans depend on secondary work to get by. This is largely hidden from BLS and Census bureau data. According to the Census, 7.8% of Americans work more than one job. Having… Read more

by Eric Reed Jul 19, 2021

Do prices return to some sort of normal? Will housing prices naturally come back down, and the price of blockchain tokens stabilize? Do stock prices always bounce back after a crash, or is there even… Read more

by Eric Reed Jul 19, 2021

Custodial accounts allow you to manage finances for a child or other minor. Usually these types of accounts are set up by a parent, relative or guardian on behalf of a family member, although this… Read more

by Eric Reed Jul 19, 2021

Index funds minimize risk by tracking a market metric, like the S&P 500 or a specific industry as a whole. Hedge funds maximize profits by taking high-risk positions and making investments that… Read more

by Eric Reed Jul 14, 2021

The strangle is an options strategy that you create out of multiple options contracts to maximize your upside while minimizing your risk. With the strangle, you generally believe you know which… Read more