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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 Nov 01, 2022

It has been an odd bear market. Ordinarily, during market downturns and volatility, investors seek safe places to put their money. In the way of investment, this is both a reaction to and a cause of stock market troubles. As stocks begin to sag, investors pull their money out of equities and put it into more stable assets. Most notably, this leads to growing investment in money market funds and bonds. As investors pull their money out of equities stock prices dip, creating a feedback loop that tends to last until investors decide that the opportunities outweigh the risks. This is a longstanding pattern. In fact, students of market history can track the value of money market funds alone against the S&P 500. What they’ll find is a fairly neat asymmetry. Whether in 1998, 2002 or 2008, to name just a few examples, money market funds have grown counter cyclically against the S&P 500. With a big recent exception. Investors now seem to be pouring money into stocks from money market funds.… Read more

by Eric Reed Oct 27, 2022

In this bear market, investors are grasping at straws for stable securities that can deliver solid returns. Though investors do tend to gravitate toward bonds in times of volatility, Vanguard is highlighting the attractiveness of Bond ETFs in particular. A financial advisor can help you assess whether Bond ETFs are right for your financial strategy. Try matching with a financial advisor for free. Read more

by Eric Reed Oct 26, 2022

A step-up certificate of deposit, or “step-up CD,” is a variable interest deposit product where the rate of interest gradually increases over the term of the certificate. Eventually, the certificate matures and you get back your initial deposit with interest. Overall, these step-up CDs earn less interest than traditional CDs in the short term but can make up for it if you hold for a long-time. We explain more about how a step-up CD works in this article. You can also work with a financial advisor who can help you determine the right asset allocation for the unique financial goals that you have. Read more

by Eric Reed Oct 26, 2022

A no-penalty certificate of deposit (CD) allows you to withdraw your money before the term ends. This is a feature that standard certificates of deposit lack, making this a more flexible product.… Read more

by Eric Reed Oct 26, 2022

Money market accounts and high-yield savings accounts are broadly similar. Each is a depository account that pays higher interest than a standard savings account, but which also comes with some… Read more

by Eric Reed Oct 24, 2022

A recent study out of Lending Tree has some good news and bad news for individual investors. The good news is that a healthy number of Americans either have or want a financial advisor. About 41% of… Read more

by Eric Reed Oct 20, 2022

Startups often give employees stock options as a potential perk to working for the company, especially if they can’t afford to pay larger salaries. Stock options with a startup company are a little… Read more

by Eric Reed Oct 19, 2022

On Tuesday the IRS announced its annual adjustments to the standard deduction and tax brackets for the 2023 tax year. They are a considerable increase over 2022. This is a response to ongoing… Read more

by Eric Reed Oct 19, 2022

There are two questions about safety when it comes to opening a high-yield savings account: First, what is the risk that your bank will fail? Second, if your bank does fail, what is the risk to your… Read more

by Eric Reed Oct 19, 2022

Investors who sell options contracts make their money off contract premiums that the buyer pays. As long as the buyer doesn’t exercise their contract, or if they exercise it for less than what they… Read more

by Eric Reed Oct 18, 2022

A new bill moving through Congress could make it easier to sue your retirement plan if something goes wrong. Although opposed by lobbyist groups such as the American Retirement Association this bill,… Read more

by Eric Reed Oct 14, 2022

Marriage is a legal institution as well as an emotional one. It has implications that range from your tax status to debt, contracts, legal rights, medical oversight and much more. So when it comes to… Read more

by Eric Reed Oct 14, 2022

Professional services are hard to price. Whether you’re looking for a doctor, a contractor or, yes, a lawyer, it’s difficult for customers to get a clear sense of their budget. In part, this is… Read more

by Eric Reed Oct 14, 2022

When you’re struggling with debt, a financial advisor can often help. Debt often looks far more overwhelming than it has to be. For example, you may have options you don’t realize, or might be too… Read more

by Eric Reed Oct 06, 2022

Alimony has two important tax statuses. If you finalized your divorce before Jan. 1, 2019, the person who collects alimony pays taxes on this money. This means that the person who pays alimony can… Read more

by Eric Reed Oct 06, 2022

America uses what is known as a self-reporting tax system. This means that at the end of each year, you calculate your income, assets and liabilities, then tell the government what you owe. The IRS… Read more

by Eric Reed Oct 06, 2022

In the long run, if you sell an investment asset for a profit you will owe capital gains taxes. But for active investors, it’s important to understand that the IRS gives you a few ways to defer those… Read more

by Eric Reed Oct 06, 2022

With many Americans living longer and retiring earlier, more and more people have time, health and energy to work in retirement. And this has led to a surge in retirees doing just that. So whether… Read more

by Eric Reed Oct 04, 2022

Whether you’re investing $50 or $500 per month, it can be a great idea to regularly invest in the market if you’re looking for long-term growth for retirement. For most households, regular, fixed… Read more

by Eric Reed Oct 04, 2022

Entertainment is big business. Together, movies and TV shows are worth hundreds of billions of dollars each year. The most successful products, like a new Marvel movie or live sports, can make… Read more

by Eric Reed Sep 28, 2022

For most household investors, your portfolio is generally a mix of three main asset classes: stocks, bonds and banking products. By banking products, we mean anything ranging from a savings account… Read more

by Eric Reed Sep 27, 2022

The conventional wisdom suggests that now is a terrible time to buy a home. In September, the average rate for new 30-year mortgages hit 6.29% according to the St. Louis Federal Reserve, almost… Read more

by Eric Reed Sep 22, 2022

When you have seven figures to invest, your goals and outcomes can change. For some people, they want to continue growing their wealth. They look for the best opportunities and target growth as a… Read more

by Eric Reed Sep 28, 2022

Interest is one of the most popular forms of investment return. Although it tends to generate lower returns than capital gains, interest payments are both income-generating and tend to be a safe… Read more

by Eric Reed Sep 22, 2022

Annuities are a form of hybrid financial product. Part investment and part contract, they’re primarily sold by insurance companies as a way to save for retirement. While in recent years they have… Read more