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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 Aug 04, 2022

Day trading is a type of active investment. And while you can day trade in your Roth IRA, active investments are relatively uncommon in retirement accounts. Roth IRAs are intended to be stable, long-term portfolios and the IRS tries to discourage speculation. Portfolio rules generally don’t let you make aggressive moves like margin and leveraged trading, which limits strategies like day trading. But you can still actively manage your account within limits. Here’s how it works. A financial advisor could help you put a retirement plan together for your goals and needs. Read more

by Eric Reed Aug 04, 2022

Trading options in a retirement account is uncommon because options are a fairly active asset and most people take a passive investing strategy when it comes to their retirement accounts. In part, it’s also because IRS rules foreclose most forms of options trading in a qualified retirement account. However options can be a real value-add, as long as you approach options trading carefully, they can both generate income and let you build counter-cyclical positions. A financial advisor can help you figure out the right mix of options trading for your portfolio to help you achieve your individual financial goals.  Read more

by Eric Reed Aug 04, 2022

Tax planning for your retirement accounts is an important part of setting your beneficiaries up to maximize the benefit of what you leave behind after you die. If you have a Roth IRA, you can effectively avoid estate tax issues by naming heirs as a beneficiary under the account rather than passing it through your will. This allows them to take over the account rather than inheriting it, sidestepping any potential estate taxes. A financial advisor can help you set up your retirement accounts to reach your financial goals.  Read more

by Eric Reed Aug 04, 2022

If you’re like most taxpayers, you may not need either a tax preparer or a certified public accountant (CPA). There are exceptions, though. Maybe you’re self-employed, own a small business or have… Read more

by Eric Reed Aug 04, 2022

Insurance can be a complicated topic, but the concept of an insurance quote is a fairly simple one to grasp: it’s basically an offer from an insurance company detailing how much you’ll pay and what… Read more

by Eric Reed Aug 04, 2022

When most people think about investments, they think about financial products and rare assets like gold. Water, of course, is anything but rare. But that doesn’t make it a bad investment. In fact,… Read more

by Eric Reed Aug 02, 2022

The House of Representatives and Senate are working along similar lines to reform laws governing retirement plans like 401(k)s and traditional IRAs. Initiatives in both bodies raise the age cap for… Read more

by Eric Reed Jul 27, 2022

The House of Representatives has passed the SECURE Act 2.0, otherwise known as the Securing a Strong Retirement Act. This bill tweaks the laws around tax-advantaged retirement accounts in several… Read more

by Eric Reed Jul 27, 2022

A reverse mortgage is typically paid back either when you sell the home or when the homeowner passes away. They are a relatively common way for older homeowners to supplement their retirement… Read more

by Eric Reed Jul 27, 2022

An add-on certificate of deposit, or “add-on CD,” is a specialized type of certificate of deposit. It has the same term and withdrawal limits as a standard CD. It differs in that you can add to this… Read more

by Eric Reed Jul 27, 2022

Private equity and investment banking both help businesses find, develop and grow capital, but each does it in a different way. A private equity firm buys assets itself, looking to grow those assets… Read more

by Eric Reed Jul 26, 2022

The windfall elimination provision and government pension offset both can reduce the Social Security payments a public employee collects. But there’s a bill in Congress, which has strong backing,… Read more

by Eric Reed Jul 21, 2022

It’s difficult, if not impossible, to confidently say how inflation will affect cryptocurrency. This is because cryptocurrency as an asset has only existed for a little over 10 years. During most of… Read more

by Eric Reed Jul 21, 2022

Technical analysis is one of the two main ways that investors consider their position. Technical indicators are the specific data points that make up technical analysis. These are mathematical models… Read more

by Eric Reed Jul 19, 2022

Technical indicators are the data points that show how an asset’s price has changed over time. They can reflect everything from straightforward information, such as a simple average or highs and lows… Read more

by Eric Reed Jul 19, 2022

A brand new product has hit the market: the SEC has approved the use of single-stock ETFs, the first eight of which have been introduced by AXS Investments. These leveraged products are built to… Read more

by Eric Reed Jul 14, 2022

Buying the dip reflects Warren Buffet’s famed investing advice to sell when others are buying and buy when they sell. In this case, when everyone else is selling their stocks, prices will dip. You… Read more

by Eric Reed Jul 13, 2022

Foreign currency and cryptocurrency may sound like similar, even overlapping, asset classes to many investors. They could be forgiven for thinking that non-U.S. currencies and Bitcoin share the same… Read more

by Eric Reed Jul 13, 2022

Stepped-up basis is a tax provision that allows heirs to reduce their capital gains taxes. When someone inherits property and investments, the IRS resets the market value of these assets to their… Read more

by Eric Reed Jul 13, 2022

The first six months of 2022 were the worst the stock market has had in more than 40 years, officially entering a bear market on June 13. Despite some recent bouncebacks, investors remain worried. So… Read more

by Eric Reed Jul 13, 2022

Professional investors describe the market as a balance of two forces: fear and greed. When times are good, investors get tempted by greed. They buy investments to cash in on future profits and big… Read more

by Eric Reed Jul 11, 2022

An intentionally defective grantor trust, or IDGT, is a way of shifting tax burdens for very wealthy households. With this structure, you can create a trust that leaves wealth to your heirs while… Read more

by Eric Reed Jul 07, 2022

Interest is the money that someone pays for borrowing money. If you take out a loan, you pay interest in exchange for using that capital. If someone else borrows money from you, they do the same. Yet… Read more

by Eric Reed Jul 07, 2022

If you have money in a checking, saving or other depository account, it is protected from financial downturns by the FDIC. Beyond that, investment products are more exposed to risk, but you can still… Read more

by Eric Reed Jul 06, 2022

The gift tax is a tax levied on any unilateral transfer (a gift) from one person to another. The federal tax is aimed partially at making sure wealthy families don’t use gifts to bypass the estate… Read more