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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 Oct 01, 2022

If you’re a fan of the great outdoors, maritime communities and the arts, you may want to retire in the Beaver state. The best places to retire in Oregon offer plenty of opportunities to stay active well into your golden years with activities including hiking, mountaineering and water sports. But picking the spot that’s just right for you can be a challenge. So the retirement experts at SmartAsset did the homework for you and devised a list of the top 10 best places to retire in Oregon. Of course, strategizing your own retirement once you’re there is a challenge of its own. But if you’d like some professional guidance, you can use our free financial advisor connection service. It links you with up to three financial advisors in your area who can help. You can also check out our list of the top financial advisory firms in Oregon. Read more

by Javier Simon Oct 01, 2022

The high mountains and pristine lakes in Colorado can serve as aesthetic backdrops for those who want to spend their retirement years close to nature. And the best places to retire in Colorado offer plenty of that. The state can also serve as a fine retirement ground for those who still want adventure in their life. Common activities among the best places to retire in Colorado include white water rafting, kayaking and horseback riding. You also have miles of trails  to hike. And to stay healthy enough to enjoy these tasks to the fullest, these locations also offer easy access to healthcare facilities. And if you’d like professional guidance in planning your retirement in Colorado, you can use our financial advisor matching platform to get connected with local advisors right away. You can also check out our report on the top financial advisor firms in Colorado. Read more

by Javier Simon Aug 25, 2022

Considering moving your health savings account (HSA) funds from one provider to another? Luckily for you, the HSA rollover process isn’t as difficult as you may think. The IRS allows you to fund a new HSA account from another HSA account, an individual retirement account (IRA), and even a 401(k) if you know a few tricks. This article will cover each process step-by-step. It will also explain the IRS rules in plain English, so you can enjoy all the tax benefits of an HSA without worrying about penalties. Consider working with a financial advisor as you put together a retirement plan and make adjustments. Read more

by Javier Simon Sep 01, 2022

A health savings account (HSA) allows you to invest for future medical expenses, while enjoying special tax breaks. Your contributions reduce your taxable income and your money grows tax free. Your… Read more

by Javier Simon May 20, 2022

If you’re shopping around for health insurance, you’re probably getting sick from the alphabet soup of plan names you’re taking in. What is an HSA? What about HDHP? Pondering the HSA vs. PPO decision… Read more

by Javier Simon Oct 25, 2022

The South Dakota state government and the federal government both offer special programs for first-time homebuyers who need loans to purchase a home. Which loans you have access to will depend on… Read more

by Javier Simon Sep 14, 2022

For New York residents, there are a number of federal- and state-level programs that are designed for first-time homebuyers. These programs can focus on easy-to-meet down payment requirements,… Read more

by Javier Simon Oct 25, 2022

The state and federal government run several first-time homebuyer programs in New Mexico to help make homeownership a reality for all. So don’t feel discouraged if your income isn’t stellar or if… Read more

by Javier Simon Oct 25, 2022

Filled with pristine lakes, rivers and state parks, Wisconsin can be a wonderful place to lay down roots. And a first-time homebuyer program in Wisconsin can help you make it a reality. Wisconsin and… Read more

by Javier Simon Oct 25, 2022

The state and federal government sponsor various Oklahoma first-time homebuyer programs designed to give everyone the chance to lay their roots here. So don’t feel left out because of low income or a… Read more

by Javier Simon Oct 12, 2022

The state of Kansas and the federal government sponsor several first-time homebuyer programs. Some cater to low-income individuals with less-than-superb credit scores. Others support public service… Read more

by Javier Simon Aug 21, 2019

With tuition increasing at a steady pace and student loan debt reaching record highs, many parents struggle finding ways to lower the price of higher education. But a 529 college savings plan can… Read more

by Javier Simon Oct 18, 2018

After years of investing in your children’s college education, you’re ready to reach into your 529 college savings plan and send your kid off to the best years of his or her life. But while making… Read more

by Javier Simon Nov 25, 2020

A 529 qualified expense is a government-approved reason to take money out of a 529 college savings plan – meaning you won’t have to pay a tax penalty. While tuition is the main qualified expense you… Read more

by Javier Simon Nov 29, 2021

Amid rising college costs and mounting student debt, parents are looking for more ways to lessen the financial burden of higher education. Luckily, 529 college savings plans can help. These unique… Read more

by Javier Simon Sep 27, 2022

Unlike with 401(k) plans and other retirement savings accounts, the IRS does not set annual contribution limits for 529 college savings plans. Instead, the states that sponsor individual 529 plans… Read more

by Javier Simon Sep 05, 2018

529 college savings plans offer several tax benefits and the potential to build your child’s college fund over time. Unlike with several investment accounts, the federal government allows your 529… Read more

by Javier Simon Jul 03, 2019

In order to get preapproved for a mortgage, you need to provide your lender with extensive documentation proving your income, assets and debt obligations. If you qualify, you’d get a preapproval… Read more

by Javier Simon Aug 23, 2022

Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs) when you reach the age of 72 (or 70.5 if you were born before July 1, 1949).… Read more

by Javier Simon Mar 10, 2022

USDA loans are low-interest mortgages with zero down payments designed for low-income Americans who don’t have good enough credit to qualify for traditional mortgages. You must use a USDA loan to buy… Read more

by Javier Simon Apr 14, 2022

First-time homebuyer loan programs generally enable people with low or moderate incomes or with less-than-stellar credit scores to live a part of the American Dream, which is to say, purchase a home.… Read more

by Javier Simon May 02, 2022

Inflation has many causes, but they mainly break down into two camps: demand-pull and cost-push. Demand-pull happens when an increase in the demand for goods and services leads producers to raise… Read more