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:
You can have a 401(k) plan and an individual retirement account (IRA) at the same time. In fact, you can contribute up to the annual limit to each account, thereby maximizing your retirement savings. However, your ability to take a tax deduction for your IRA may be limited, depending on factors like your income and whether your spouse is covered by an employer-sponsored retirement plan. A financial advisor can help you make the right retirement planning decisions utilizing both types of accounts. Let’s take a look at the rules for both plans so you can make the most out of investing. Read more
House auctions generally involve the sale of foreclosed homes at possibly below market value. They can serve as a low-cost gateway to homeownership. But home auctions also involve plenty of risk. Many times, you won’t actually get to step inside the home before bidding on it. You also may be hit with hidden auction fees. But this guide will help you navigate these auctions like a pro. We’ll cover how real estate auctions work, where to find them and what you need to know before putting in a bid. When you’re ready to buy, a financial advisor can help you determine how much house you can afford as well as help you plan for other big financial goals. Read more
For a Federal Housing Administration (FHA) loan to be approved, the home must pass an FHA inspection and appraisal. That means it must be worth the purchase price and have such basics as electricity, drinkable water, adequate heat, a stable roof, fire exits and more. This guide will provide an FHA inspection checklist and walk you through the whole process, so you know what to expect. If you are preparing for the other major financial decisions in your life, a financial advisor can be really helpful. Read more
Bonds and certificates of deposit (CD) are generally safe investments with little to no risk of reducing your principal. However, they have particular features that may suit different kinds of… Read more
Before signing on with a broker or investment advisor, you should look them up in the Financial Industry Regulatory Authority’s (FINRA’s) BrokerCheck. A nongovernment agency that works with the… Read more