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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 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 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

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 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

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 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

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

by Eric Reed Jul 06, 2022

A trust is a legal entity that holds money and assets for future distribution or management. For example, you might create a trust for your children’s college education, putting money into it which… Read more

by Eric Reed Jul 06, 2022

Revocable living trusts have become an increasingly popular tool in estate planning. They’re often used by households to avoid the probate process, which in some estates can save heirs both time and… Read more

by Eric Reed Jun 30, 2022

One of the benefits of using cryptocurrency is the anonymity you receive through transactions. Unfortunately, this is also one of the main reasons that most exchanges offer no FDIC protection. This… Read more

by Eric Reed Jun 29, 2022

At the time of writing the cryptocurrency market was worth about $934 billion. This is down from a market cap of more than $3 trillion in late 2021. Despite the losses, that still makes… Read more

by Eric Reed Jun 29, 2022

Accountants can pursue several different certificates and credentials to enhance their standing and display their knowledge. These programs may establish that you specialize in certain fields, such… Read more

by Eric Reed Jun 23, 2022

A flexible spending account (FSA) allows you to save up money for medical expenses. You can use this tax-advantaged fund to pay for costs like copays, deductibles and pharmaceuticals. For the most… Read more

by Eric Reed Jun 16, 2022

Americans are notoriously unprepared for a financial emergency, with fewer than half – according to some studies – able to afford an unexpected $1,000 expense. That’s an improvement from previous… Read more

by Eric Reed Jun 16, 2022

When you purchase a home, you need to understand what makes a property valuable so you can get a sense of what you should pay. One of the biggest factors in assessing a property’s value is real… Read more

by Eric Reed Jun 16, 2022

Inflation measures how prices change for goods and services. When inflation is positive, or greater than 0.0, it means that prices have gone up for the same products or services. Cost of living… Read more

by Eric Reed Jun 10, 2022

Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down… Read more

by Eric Reed Jun 08, 2022

Exempt-interest dividends are a class of mutual fund distribution not subject to federal income taxes. They are uncommon, if not relatively rare, and only apply to specific funds that invest in asset… Read more

by Eric Reed Jun 08, 2022

The value of individual cryptocurrencies can swing widely in the span of days or even hours. That volatility makes it difficult for investors to manage such assets and difficult for them to conduct… Read more

by Eric Reed Jun 08, 2022

When you buy a house, the mortgage for that property is based on the combined value of the land and the building on that land. But not all buildings can be valued with the underlying land. Mobile and… Read more

by Eric Reed Jun 06, 2022

Investing involves a series of constant tradeoffs and careful planning, and there is no one-size-fits-all solution. Different investments will provide different potential payouts over time. So when… Read more

by Eric Reed Jun 22, 2022

The amount you collect from an annuity depends on when you invest, the return your specific annuity offers and the details of your particular contract. As a result, it’s difficult to provide a… Read more

by Eric Reed May 26, 2022

If you’re an individual investor you cannot buy shares of private stock, but you can sell them. In most cases, the easiest option is to sell your shares of stock back to the company that issued them.… Read more

by Eric Reed May 26, 2022

An individual investor you can invest in private companies, but only through side options like an ETF or a mutual fund. An individual investor cannot invest in private companies  directly because… Read more

by Eric Reed May 26, 2022

Though similar in many respects, private and public companies differ in significant ways. Private companies only have to follow laws and statutes that apply to everyone else. Publicly traded… Read more

by Eric Reed May 20, 2022

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

by Eric Reed May 20, 2022

In recent months, the news has been full of speculation about Elon Musk potentially purchasing Twitter and making it a private company, leading some people to wonder exactly how that works. Firstly –… Read more