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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 Dec 09, 2022

Getting out of debt is one of the best financial goals you can set for yourself. From a purely mental standpoint, no matter what kind of bills you’re paying, it’s a huge relief to have any kind of debt taken care of. From a financial standpoint, it’s even better. Eliminating debt gives you the freedom to make forward-looking investments rather than backward-looking spending. Yes, that car or degree has value, but once you’ve paid it off you can start planning for the next big thing rather than paying for the last big thing. Becoming debt free isn’t easy but here are some of the best ways you can start to do just that. You can also work with a financial advisor to help you make a long-term financial plan. Read more

by Eric Reed Dec 06, 2022

Passive losses can be used like most losses. You can deduct them from your gains on your taxes, allowing you to pay taxes only on the resulting profits. The catch is that in most cases you can only use passive losses to offset passive gains. This rule only changes if you liquidate your position in the passive activity, allowing you to take a one-time capital gains deduction. Here’s how it works. For for specific guidance focused on your particular financial situation, consider matching for free with a vetted financial advisor. Read more

by Eric Reed Dec 06, 2022

As we get older, many of us need help on a day-to-day basis. There are several different options for how to seek this kind of care, and two of the most common are long-term care facilities and nursing homes. Long-term care incorporates staff and services to help someone with day-to-day life. A nursing home offers daily medical care and monitoring for someone with ongoing needs. Here’s how they compare. For help planning for nursing home and long-term care facility needs, consider matching with a vetted financial advisor for free. Read more

by Eric Reed Dec 01, 2022

A long-term capital loss refers to money that you lose on investments held for more than 12 months. The alternative is a short-term capital loss, money lost on investments that you held for less than… Read more

by Eric Reed Dec 01, 2022

An initial public offering, or IPO, occurs when a company first offers shares of its stock for sale to the general public. In most, if not all, cases retail investors cannot buy IPO stock. They can… Read more

by Eric Reed Nov 30, 2022

As the New Year arrives, financial advisors should be looking ahead to 2023, understanding what tax changes will impact clients and what they can do to plan ahead. For financial advisors, the 2023… Read more

by Eric Reed Nov 29, 2022

Two of the most common vehicles for building savings are the 401(k) and the health savings account, or HSA. While the HSA isn’t a traditional retirement account, at least not formally, it can provide… Read more

by Eric Reed Nov 29, 2022

Alpaca Trading is not a trading platform. This company offers two services: a brokerage and an application programming interface (API). As a brokerage, Alpaca offers exchange-based products. It does… Read more

by Eric Reed Nov 28, 2022

A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or… Read more

by Eric Reed Nov 23, 2022

Breaking a trust refers to one party unilaterally dissolving a trust and distributing its assets, either back to the original donor or to the trust’s beneficiaries. This can only happen at the… Read more

by Eric Reed Nov 23, 2022

Capital gains and capital losses both have tax implications. When you sell stocks for a profit, you owe taxes on those gains. These taxes are calculated based on capital gains rates. However, when it… Read more

by Eric Reed Nov 22, 2022

On Tuesday, the Biden administration finalized a series of rules that will make it easier for employers to include so-called impact investment funds in their retirement plans. Specifically, the… Read more

by Eric Reed Nov 18, 2022

Solvency and liquidity are related, but very distinct, terms that are valuable to investors. When a company is solvent, it means the company has the ability to pay its debts and liabilities over the… Read more

by Eric Reed Nov 18, 2022

Real estate is a popular investment, either for capital appreciation or as income. However, there are challenges. Buying land is expensive. Unless you have a lot of up-front capital to stake, you may… Read more

by Eric Reed Nov 18, 2022

Healthcare is one of the biggest costs you will face in retirement. In fact, by many estimates, it’s the single biggest cost for retirees. A representative study by Fidelity found that a 65-year-old… Read more

by Eric Reed Nov 18, 2022

Investing during retirement can be something of a catch-22. On the one hand, you want to keep your money growing. You don’t want to let it languish in a no-interest checking account, though doing… Read more

by Eric Reed Nov 16, 2022

When you buy stock in a company, you hope that the underlying company will do well and cause the share price to rise. When you invest in an index fund, you hope the entire sector of the market that… Read more

by Eric Reed Nov 15, 2022

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… Read more

by Eric Reed Nov 09, 2022

Ellevest and Betterment are two of the most popular robo-advisors on the market. Both take an algorithmic approach. Betterment offers a series of funds with a wide variety of risk and investment… Read more

by Eric Reed Nov 09, 2022

As an investor, interest is a key source of gains for your portfolio. It produces regular, predictable payments that you can plan around. Even more importantly, if you can harness the power of… Read more

by Eric Reed Nov 09, 2022

Every lifetime annuity needs three parties: the contract’s owner, its annuitant and its beneficiary. In an annuitant-driven contract, the annuity ends and pays out to the beneficiary when the… Read more

by Eric Reed Nov 07, 2022

The financial sector is the largest political donor in American politics, but the views held within aren’t always what you may think. Open Secrets, which tracks money in politics, defines the… Read more

by Eric Reed Nov 03, 2022

The yield on U.S. Treasury bonds been volatile this week as investors reacted to the news of another Federal Reserve rate hike. Although bond rates have recovered from an early drop, the yield on… Read more

by Eric Reed Nov 03, 2022

Home Depot is a major hardware, lumber and home goods store. It operates throughout North America and owns several subsidiaries focused on building supplies and contractor services. This is a… Read more

by Eric Reed Nov 03, 2022

Coca-Cola is one of the most recognized brands in the world. Even in places where nobody speaks English, they’ll know that the iconic red can is a “Coke.” But for investors, this is the brand of one… Read more