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Rebecca Lake

Home Buying, Retirement and Investing Expert

Rebecca Lake is a retirement, investing and estate planning expert who has been writing about personal finance for a decade. Her expertise in the finance niche also extends to home buying, credit cards, banking and small business. She's worked directly with several major financial and insurance brands, including Citibank, Discover and AIG and her writing has appeared online at U.S. News and World Report, CreditCards.com and Investopedia. Rebecca is a graduate of the University of South Carolina and she also attended Charleston Southern University as a graduate student. Originally from central Virginia, she now lives on the North Carolina coast along with her two children.

Posts by Rebecca Lake:

by Rebecca Lake Jun 30, 2020

Mutual funds can offer a simplified way to diversify your portfolio. Rather than picking individual stocks, bonds or other securities to invest in, you can gain exposure to multiple investments and asset classes using a single mutual fund. A balanced fund is a common type of mutual fund that features a mix of both stocks and bonds. You can use these mutual funds to balance risk across your investments or generate income, but they aren’t all alike. If you’re considering an investment strategy that includes balanced funds, it’s helpful to know how they work. Read more

by Rebecca Lake Jun 24, 2020

Being part of the sandwich generation – meaning you’re caring for aging parents while also raising children – can create unique challenges in shaping your financial plan. You may be trying to balance the financial goals and needs of your spouse and children against the financial needs of your parents when it comes to things like paying for health care or simply managing everyday expenses. If you’re caught in the financial squeeze, it’s important to rethink your approach to short- and long-term planning when it comes to your money. Read more

by Rebecca Lake Jun 24, 2020

There are a multitude of certifications for financial professionals. Each one specifies a distinct type of service an advisor is qualified to offer. A retirement management advisor (RMA) is one such designation. You may consider working with an RMA if you want guidance and help with creating a personalized retirement income plan. Here’s what you need to know about retirement management advisors, and how they compare to other types of financial advisors. Read more

by Rebecca Lake Jun 23, 2020

Caring for aging parents or for special needs children or other relatives can add new dimensions to your estate plan. There are various legal and financial issues that may need to be untangled and… Read more

by Rebecca Lake Jun 18, 2020

Creating a financial contingency plan for your business is just as important as creating one for your personal finances. Part of that plan may include purchasing a key person insurance policy. Key… Read more

by Rebecca Lake Jun 18, 2020

Trusts can be a useful addition to your estate plan if you want to create a financial legacy for your loved ones or minimize estate taxes. An asset protection trust is a type of trust that has a… Read more

by Rebecca Lake Jun 17, 2020

Writing a will is an important part of creating a financial and estate plan. A will allows you to specify how you want your assets to be distributed among your heirs after you pass away. You can also… Read more

by Rebecca Lake Jun 12, 2020

Part of running a business means planning for curveballs that could make managing day-to-day operations difficult. Business overhead expense insurance is designed to keep things going when a… Read more

by Rebecca Lake Jun 10, 2020

Taking out a business loan can help you get your startup off the ground or scale an existing business. But you could run into problems if you find yourself unable to repay your lender. A business… Read more

by Rebecca Lake Jun 10, 2020

Estate planning can take on a new dimension when you own a business. Not only do you need a strategy for managing personal assets but you also need to consider what will happen to your business in… Read more

by Rebecca Lake Jun 10, 2020

Estate planning begins with knowing which documents you need and making sure they are up to date. Among the most common such documents are wills, trusts, powers of attorney and designations of… Read more

by Rebecca Lake Jun 10, 2020

Mutual funds can offer a simplified approach to portfolio diversification. When you buy a mutual fund or exchange-traded fund (ETF), you can own a collection of investments rather than having to… Read more

by Rebecca Lake Jun 08, 2020

A financial advisor can help you shape a plan for managing your money, including saving and investing for retirement. Traditionally, you’d need to meet with a financial advisor in person to get… Read more

by Rebecca Lake Jun 05, 2020

Trusts can be helpful in estate planning if you want to avoid probate or minimize estate taxes. A revocable living trust, for example, might be useful if you have assets you want to pass on to your… Read more

by Rebecca Lake Jun 05, 2020

When you’re struggling to make mortgage payments, you may be wondering what options you have. Mortgage forbearance programs can help provide temporary relief from payments, while mortgage forgiveness… Read more

by Rebecca Lake Jun 03, 2020

Establishing a trust as part of your financial plan can yield certain benefits, including the potential to minimize estate taxes. An intentionally defective grantor trust (IDGT) is a type of… Read more

by Rebecca Lake May 27, 2020

When it comes to retirement, you can’t afford to be unprepared. Having a clear idea of how you want to spend your later years, and how you’ll pay for it, are key to ensuring that you can retire… Read more

by Rebecca Lake May 26, 2020

Working with a financial professional can offer numerous benefits when you need clarity or guidance on managing your money and investments. Once you have decided to engage the services of a financial… Read more

by Rebecca Lake May 18, 2020

When financial troubles mount and debts are piling up, filing for bankruptcy protection may be a last resort option. Personal bankruptcy filings usually involve Chapter 7 or Chapter 13, but when… Read more

by Rebecca Lake May 07, 2020

During periods of economic uncertainty, it’s natural to question the stability of banks and banking systems. After all, you rely on your bank to keep your money safe and secure so you can continue to… Read more

by Rebecca Lake May 07, 2020

An index investing strategy often appeals to investors who are interested in taking a passive approach to the market. While there are many possibilities, Vanguard index funds are among the most… Read more

by Rebecca Lake May 07, 2020

When inflation threatens an economy by becoming excessive, the government has two ways to dial back the problem: Contractionary fiscal policy and contractionary monetary policy. Congress handles the… Read more

by Rebecca Lake May 05, 2020

Drafting a will can help ensure your assets are passed on to your heirs according to your wishes when you pass away. But if you have a larger estate, you may consider setting up a trust to manage… Read more

by Rebecca Lake May 05, 2020

Financial planning means giving thought to how you want to manage your investments and other assets during your lifetime. But it also means taking a longer view and considering what will happen to… Read more

by Rebecca Lake May 05, 2020

When market volatility sets in, the savvy investor looks for opportunities. If stocks are overvalued, employing a shorting strategy could help you reap gains in your portfolio, but it’s not without… Read more