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Javier Simon

Banking, Retirement and Investing Expert

Javier Simon is a banking, investing and retirement expert for SmartAsset. The personal finance writer's work has been featured in Investopedia, PLANADVISER and iGrad. Javier is a member of the Society for Advancing Business Editing and Writing. He has a degree in journalism from SUNY Plattsburgh. Javier is passionate about helping others beyond their personal finances. He has volunteered and raised funds for charities including Fight Cancer Together, Children's Miracle Network Hospitals and the National Center for Missing and Exploited Children.

Posts by Javier Simon:

by Javier Simon Apr 02, 2020

Google is pledging more than $800 million to support small-to-medium sized businesses (SMBs), health organizations and researchers in the midst of the coronavirus pandemic. The package includes $340 million in ad credits for businesses with Google Ads accounts. The company’s announcement comes as the government rolls out relief programs for businesses affected by the coronavirus. Small business owners can also work with a financial advisor to protect their money and make the most out of all the aid they can get. Read more

by Javier Simon Apr 02, 2020

In response to the coronavirus, companies across the country are pursuing coronavirus relief efforts to help people and businesses most impacted by pandemic. Tech companies are donating millions to help small businesses, healthcare workers and COVID-19 patients. Meanwhile, companies outside the healthcare sector are producing hand sanitizer, masks and other products to curb the spread of the virus. Many are also establishing programs to help those who can’t come to work. In addition to benefitting from companies who are doing their part to help people stay safe and financially afloat, Americans can also work with a financial advisor to protect their investments during this time of uncertainty. Read more

by Javier Simon Apr 07, 2020

Banks are loosening up their policies to help cash-strapped customers weather the economic side effects of the coronavirus crisis. In particular, many banks are lowering or temporarily eliminating their fees and account minimums. As you explore what financial institutions are doing to help Americans during the COVID-19 pandemic, it may also be advantageous to explore the possibility of getting hands-on guidance from a financial advisor to take care of your investments through volatile markets. Read more

by Javier Simon Jun 30, 2020

Amid economic distress fueled by the coronavirus crisis, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law, which provides stimulus checks (also called… Read more

by Javier Simon Jun 03, 2020

If you have lost your job due to the coronavirus pandemic, you may be able to suspend your mortgage payments for up to 180 days without penalty. You may also qualify for foreclosure and eviction… Read more

by Javier Simon Jun 30, 2020

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, most Americans are eligible for a stimulus check (also called an Economic Impact Payment, or EIP) of up to $1,200, with married… Read more

by Javier Simon Jul 13, 2020

One of the main provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the forbearance of all federal student loans, as well as 0% interest on those loans until Sep. 30, 2020… Read more

by Javier Simon Jan 14, 2020

The SECURE Act provides more part-time employees with access to tax-friendly workplace retirement plans like 401(k)s. Signed into law by President Trump on Dec. 20, 2019, it also lets individual… Read more

by Javier Simon Dec 10, 2019

A 55-year-old can expect to pay a long-term care insurance premium of $2,050 per year on average, according to a 2019 price index survey of leading insurers conducted by the American Association for… Read more

by Javier Simon Dec 09, 2019

The average cost of assisted living was $4,000 a month in 2018, according to Genworth Financial, which has been tracking costs since 2004. Across the country, though, the price of assisted living… Read more

by Javier Simon Jan 08, 2020

Though probably the most well-known, nursing homes are just one of many types of long-term care facilities available to seniors. Facilities vary by level of services. Assisted living residences and… Read more

by Javier Simon Jan 14, 2020

A chartered financial analyst (CFA) is a financial advisor who has earned the title of CFA through extra accreditation, including a rigorous three-part test, from the CFA Institute . A Chartered… Read more

by Javier Simon Oct 31, 2019

Before you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on where you live. Still, you’ll probably owe more… Read more

by Javier Simon Oct 01, 2019

A Delaware living trust bypasses probate and can ensure that your assets and property transfer promptly to your loved ones after you die. The costs of setting up a living trust can be high, though,… Read more

by Javier Simon Oct 01, 2019

A Nebraska living trust allows your heirs to receive your estate without the delay or interference of the court. A will, on the other hand, must go through probate before your estate can be… Read more

by Javier Simon Sep 30, 2019

If you plan to leave a substantial amount of assets and property to your loved ones, an Indiana living trust can simplify the process. By transferring your assets to a living trust, you will enable… Read more

by Javier Simon Sep 30, 2019

If you’re planning for your estate after you die, you’re probably considering setting up a living trust. The legal document will enable your heirs to skip probate, which is considered a lengthy court… Read more

by Javier Simon Sep 30, 2019

Setting up a living trust in Missouri can help your heirs receive your estate promptly. It does this by avoiding probate, which can take some time in the state, since it has not adopted the Uniform… Read more

by Javier Simon Sep 30, 2019

If your estate is worth more than $200,000, you should consider creating an Oklahoma living trust. This estate planning tool allows your heirs to receive your assets without waiting for probate,… Read more

by Javier Simon Aug 26, 2019

Generous company 401(k) matches are great. But if your retirement plan offers few investment options or has high fees, even the best 401(k) match may leave your retirement savings coming up short.… Read more

by Javier Simon Aug 20, 2019

Not to be confused with the appraised value of your home, the assessed value is what the government uses to calculate property taxes. Meant to be utilized regardless of market conditions, the… Read more

by Javier Simon Apr 22, 2020

Chase You Invest Trade is a primarily app-based tool that allows you to create your own investment portfolio. When you open an account, you get unlimited commission-free online trades for stocks and… Read more

by Javier Simon May 08, 2020

A high-net-worth individual (HNWI) is generally someone with at least $1 million in cash or assets that can easily be converted into cash. The Securities and Exchange Commission (SEC) uses slightly… Read more

by Javier Simon Aug 21, 2019

SEP IRAs and solo 401(k)s are tax-deferred retirement savings vehicles for small business owners. They’re similar to each other but with one big difference. With a solo 401(k), a self-employed… Read more

by Javier Simon Jun 12, 2019

If you want to move your individual retirement account (IRA) balance from one provider to another, simply call the current provider and request a “trustee-to-trustee” transfer. This moves money… Read more