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.
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 much so that some have begun asking if we should start preparing for a full-blown market crash. There are two answers to that: First, it’s probably unlikely that we’ll see a full-blown market crash. Second, the market may not bounce back and in fact, may continue to fall. When a stock market is falling it can be one of the most important times to have an experienced financial advisor in your corner to help protect your assets and benefit from the drop. Read more
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 gains. In bad times, fear takes over. Investors sell their assets and bail out of positions because they don’t want to lose money. Preparing for a bear market before it happens can change your portfolio’s long-term performance but what you invest in will depend on your situation. The best thing to do may be to work with a financial advisor who can provide you with advice that is unique to your financial plan. Read more
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 minimizing gift, estate and income tax liability. Find out how the IDGT works and what tax advantages may exist if you decide to create one. A financial advisor can walk you through all of the ins and outs of each type of trust and help you determine the right financial strategy to use the IDGT or another type that may be more beneficial. Read more
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
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