Email FacebookTwitterMenu burgerClose thin

Javier Simon, CEPF®

Javier Simon is a banking, investing and retirement expert for SmartAsset. The personal finance writer's work has been featured in Investopedia, PLANADVISOR and iGrad. Javier is a Certified Educator in Personal Finance (CEPF) and a member of the Society for Advancing Business Editing and Writing. He has a degree in journalism from SUNY Plattsburgh.

Posts by Javier Simon, CEPF®

401(k) divorce

How Are 401(k) Assets Split in a Divorce?

Going through a divorce can be one of the most difficult experiences you’ll ever undergo. But it doesn’t have to ruin your financial future. There are certain steps you can take to protect your nest egg during divorce proceedings, and… Read more…

average 401k return

Average 401(k) Return: What You Can Expect

Many retirement planners suggest the typical 401(k) portfolio generates an average annual return of 5% to 8% based on market conditions. But your 401(k) return depends on different factors like your contributions, investment selection and fees. And sometimes broader trends… Read more…

Taxes on Lottery Winnings

How Taxes on Lottery Winnings Work

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 when taxes are due… Read more…

SmartAsset: How to Calculate Required Minimum Distribution

How to Calculate Required Minimum Distribution (RMD)

Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs). The age for withdrawing from retirement accounts was increased in 2020 to 72 from 70.5. The SECURE 2.0 Act, though, raised the age for… Read more…

SmartAsset: How to Fill Out Form 709

How to Fill Out Form 709

If you give someone cash or property valued at more than the 2023 annual exclusion limit of $17,000 ($34,000 for married joint filers), you’ll have to fill out Form 709 for gift tax purposes. But don’t fret. This doesn’t always… Read more…

401(a) vs. 403(b)

What’s the Difference Between 401(a) and 403(b) Plans?

If you work for a public school or some kind of non-profit organization, you may have access to a 401(a) or a 403(b) plan. Both are retirement savings vehicles that offer major tax breaks. However, they are structured a bit… Read more…

After-Tax 401(k) Contributions

Who Should Make After-Tax 401(k) Contributions?

Your employer may allow you to make after-tax 401(k) contributions. These are not tax-deductible like your regular 401(k) contributions, but you can make after-tax deferrals beyond the annual 401(k) contribution limit. Plus, the earnings from these extra contributions grow tax-free.… Read more…

SmartAsset: How Direct IRA Transfers Work

How Direct IRA Transfers Work

You can transfer your retirement plan savings directly to a new individual retirement account (IRA) by contacting your financial institution and requesting a trustee-to-trustee transfer. This action moves money from one retirement plan directly to another without triggering any tax… Read more…

interactive advisors

Interactive Advisors Review

Interactive Advisors offers access to automated and actively managed portfolios that mirror those run by major investment firms like Vanguard and Legg Mason. This feature makes it drastically different than other robo-advisor providers that simply use algorithms to create automated portfolios that invest in a small range of passively managed funds based on the user’s… Read more…

Google is pledging $800 million in the fight against the global coronavirus.
Financial Advisor

Google Pledges $800 Million to Coronavirus Relief

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.… Read more…