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Patrick Villanova

Personal Finance Expert

Patrick Villanova is a writer for SmartAsset, covering a variety of personal finance topics, including retirement and investing. Before joining SmartAsset, Patrick worked as an editor at The Jersey Journal. His work has also appeared on NJ.com and in The Star-Ledger. Patrick is a graduate of the University of New Hampshire, where he studied English and developed his love of writing. In his free time, he enjoys hiking, trying out new recipes in the kitchen and watching his beloved New York sports teams. A New Jersey native, he currently lives in Jersey City.

Posts by Patrick Villanova:

by Patrick Villanova Mar 29, 2022

Estate planning isn’t solely about protecting your financial assets. At its core, it’s about taking care of your family, friends and the causes that are important to you. Unfortunately, some key misconceptions are keeping people from making an estate plan, according to a new survey of 10,000 Americans. The No. 1 factor that holds people back from securing their financial legacies, and consequently puts their loved ones at risk? The idea that estate planning should be done “in the future” instead of now. Read more

by Patrick Villanova Mar 28, 2022

People who are saving for retirement could be getting some good news this week. Read more

by Patrick Villanova Mar 24, 2022

The Internal Revenue Service has proposed rule changes that could significantly impact how beneficiaries will manage inherited retirement accounts. The proposed regulations, which were published last month, caught some in the financial services industry by surprise, as they offer a new interpretation of the SECURE Act and change the rules governing the required minimum distributions (RMDs) of inherited IRAs, 401(k)s and other accounts. Read more

by Patrick Villanova Mar 23, 2022

The rising cost of a college education has been well documented over the last 30 years. In that time, average tuition and fees for in-state students at four-year universities has more than doubled,… Read more

by Patrick Villanova Mar 23, 2022

As inflation continues to send the cost of goods and services higher and higher, there’s one place where price spikes have been especially acute: the gas pump. The consumer price index says that the… Read more

by Patrick Villanova Mar 22, 2022

There’s more to retirement planning than just saving your money. Wealth accumulation is a vital component of a successful plan, but it’s only half of the calculus. How you withdraw your hard-earned… Read more

by Patrick Villanova Mar 21, 2022

Interest rates are on the rise. The Federal Reserve approved its first interest rate hike since late 2018 on Wednesday — and there are likely six rises coming this year. Read more

by Patrick Villanova Mar 17, 2022

If you have at least $1 million in investable assets like cash, stocks or mutual fund shares, congratulations: you’re a high-net-worth individual. This distinction not only means that you’re wealthy,… Read more

by Patrick Villanova Mar 14, 2022

Investors with Vanguard mutual funds in their portfolios are in line to receive some extra cash later this month. Read more

by Patrick Villanova Mar 08, 2022

For most Americans, investing for retirement is a long-term practice that occurs over the course of many decades. It requires looking beyond the daily ups and downs of the stock market, remaining… Read more

by Patrick Villanova Mar 08, 2022

When applying for a mortgage, one of the most consequential decisions homebuyers make is choosing the term of their loan. While most buyers opt for a 30-year mortgage, a small percentage purchase… Read more

by Patrick Villanova Mar 03, 2022

Between inflation, rising interest rates and the war in Ukraine, 2022 has not been kind to investors. If you’re looking to make changes to your portfolio as volatility continues to plague markets, an… Read more

by Patrick Villanova Mar 02, 2022

A state-run retirement plan for private workers in California will carry on after the U.S. Supreme Court declined to hear a lawsuit challenging the initiative, perhaps paving the way for more… Read more

by Patrick Villanova Mar 08, 2022

In a 2021 modern wealth survey, Americans told Charles Schwab that they need an average net worth of $934,000 to be financially comfortable. Another survey by Personal Capital says that Americans… Read more

by Patrick Villanova Mar 01, 2022

Americans who rely on the state and local tax (SALT) deduction at tax time may be in luck. A Democratic proposal aims to restore the SALT deduction for taxpayers who make less than $400,000 a year… Read more

by Patrick Villanova Feb 24, 2022

In recent months, investors have contended with the emergence of the Omicron variant, central bank policy tightening and persistent inflation. Now, Russia has invaded Ukraine, igniting a geopolitical… Read more

by Patrick Villanova Feb 23, 2022

The financial advisory industry comprises a multitude of professionals, services and products. But when it comes to financial planning, advisors who hold the Certified Financial Planner (CFP)… Read more

by Patrick Villanova Feb 23, 2022

Paying off your mortgage early, especially before retirement, is a worthy financial goal. But doing so in lieu of investing isn’t the best decision for everyone, according to a recent study from… Read more

by Patrick Villanova Feb 18, 2022

Perhaps no topic is more hotly debated in retirement planning circles than the viability of the 60/40 portfolio. This investing strategy, which calls for 60% of a portfolio’s assets to be invested in… Read more

by Patrick Villanova Feb 16, 2022

How much money will you need to cover your medical care in retirement? The answer may surprise you, especially if you haven’t begun to plan for these future medical expenses. Read more

by Patrick Villanova Feb 12, 2022

The COVID-19 pandemic gave rise to a new wave of investors — who suddenly have more time and money on their hands, thanks to lockdowns and stimulus checks. The DIY investors have taken advantage of… Read more

by Patrick Villanova Feb 14, 2022

The costs associated with withdrawing money from a 401(k) or IRA early are well-known. Doing so before age 59.5 means paying a 10% penalty on top of ordinary income tax. However, there is a lesser… Read more

by Patrick Villanova Feb 10, 2022

The primary risk that retirees and those approaching retirement face is an obvious one: running out of money. However, a study published in the Journal of Financial Planning suggests reverse… Read more

by Patrick Villanova Feb 10, 2022

The low interest environment during the COVID-19 pandemic has been a boon for the vacation real estate market. While millions of Americans took advantage of low interest rates and bought their first… Read more

by Patrick Villanova Feb 08, 2022

After a particularly strong 2021, the three major stock market indexes have gotten off to a rocky start in 2022. While the S&P 500 and Dow Jones Industrial Average are down 5.92% and 3.43% this year,… Read more