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.
When it works, dividend growth investing is a best-case scenario for income investing. In this strategy you buy a stock that not only grows in value year after year, but it also pays you a steady yield in the process. On top of that, the payments themselves grow each year as the company earns value. With a dividend growth strategy you buy shares of a dividend-paying stock and hold them. You then use the stock’s dividend payments to buy more shares, which you also hold. Ideally over time your portfolio snowballs, growing off of its own returns. Of course, like all strategies dividend growth investment has its risks as well. Here’s what you need to know. Read more
Investment income is an umbrella term that includes just about any money you make from buying, holding and selling assets. However, there are three main forms of investment income, which we discuss below. Together these types of investment income are central to most retirement plans, every portfolio and even some people’s entire financial strategy. Consider working with a financial advisor as you evaluate your portfolio for its income-generating capacity. Read more
When you assign someone power of attorney you give them the authority to make decisions for you and on your behalf. Whatever the agent, as this person is called, decides will be as binding as if you’d made the decision yourself, so only give power of attorney to someone you absolutely trust. While a specific form is unnecessary for power of attorney, just about every jurisdiction offers one in order to help you understand this process. Here’s what you need to know. Read more
Failing health often robs people of their agency. Whether due to age or illness, many hospital patients can’t effectively communicate their own wishes. For legal matters, this is handled through… Read more
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