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Rickie Houston

Banking, Retirement and Investing Expert

Rickie Houston writes on a variety of personal finance topics for SmartAsset. His expertise includes retirement and banking. Rickie is a Certified Educator in Personal Finance (CEPF®). He graduated from Boston University where he received a bachelor’s degree in journalism. He’s contributed to work published in the Boston Globe and has worked alongside award-winning faculty for the New England Center of Investigative Reporting at Boston University. Rickie also enjoys playing the guitar, traveling abroad and discovering new music. He is originally from Wilmington, North Carolina.

Posts by Rickie Houston:

by Rickie Houston Sep 01, 2020

Social Security benefits can be garnished depending on the type of payments and debt you owe. These deductions are usually carried out for financial liabilities such as back taxes, student loans, child support payments and more. But there are limitations on how much a creditor can take. Financial advisors can offer a holistic approach to helping you meet your long-term and retirement savings goals. Find a financial advisor today.  Read more

by Rickie Houston Sep 01, 2020

If you’re paying less in taxes as your taxable income increases, you’re likely following a regressive tax system. Regressive taxes offer an inverse relationship between income levels and tax rates; that is, a lower income will typically earn you a higher tax rate. A higher income, however, will earn you a lower tax rate. In this guide we take a closer look at how regressive taxes work. A financial advisor can help you map out strategic tax planning moves that supplement both your short- and long-term goals. Find a financial advisor today.  Read more

by Rickie Houston Aug 31, 2020

Small business investment companies (SBICs) are Small Business Administration-licensed and regulated companies that provide funding to small businesses in certain sectors. These companies rely on both internal funds and government funds to invest in small businesses, but they have to follow several regulations in order to maintain their SBA status.  Read more

by Rickie Houston Sep 01, 2020

You’re probably adhering to a progressive tax system if you’re paying more in taxes as your taxable income increases. With progressive taxes, there’s a direct correlation between income level and tax… Read more

by Rickie Houston Aug 31, 2020

If you’re planning on financing a home through a mortgage, you’ll have to go through the underwriting process. The underwriting process helps mortgage lenders and loan officers review your credit and… Read more

by Rickie Houston Sep 01, 2020

Open enrollment represents the yearly period where employees enroll in employer-sponsored insurance and healthcare plans. During this period, employees typically have the power to select new coverage… Read more

by Rickie Houston Aug 28, 2020

Operating income is a value that is used to demonstrate a company’s profitability after it has deducted other costs such as cost of goods sold (COGS), employee wages and other operating expenses.… Read more

by Rickie Houston Aug 28, 2020

If you’re traveling for business reasons, you’ll probably incur lodging, meal and incidental expenses. This is where per diem payments come in. Your employer provides these as reimbursement for such… Read more

by Rickie Houston Aug 28, 2020

If you meet a lender’s credit and income requirements, you’ll normally have free rein to take out loans on your own. But in circumstances where your credit levels aren’t high enough, or if you have… Read more

by Rickie Houston Aug 28, 2020

Any child support payments you’ve received won’t be counted as taxable income. And if you’re the one making the child support payments, the income you used to do so won’t be tax deductible. But there… Read more

by Rickie Houston May 15, 2020

Several insurance companies have created relief programs to support their car insurance customers during the COVID-19 pandemic. Most of these insurers are providing premium refunds, pausing policy… Read more

by Rickie Houston May 01, 2020

Like most states, South Dakota has taken multiple steps to recover its economy during the COVID-19 pandemic. The state currently has more than 2,200 cases with 11 deaths, according to the South… Read more

by Rickie Houston May 01, 2020

As Delaware’s coronavirus cases approaches 3,000, the state has introduced many measures to keep its residents safe and to protect any individuals or small businesses adversely impacted by the… Read more

by Rickie Houston May 28, 2020

Montana provides a number of relief programs to combat the economic challenges presented by the COVID-19 outbreak. With more than 480 cases and fewer than 20 deaths, the state has implemented stay-at… Read more

by Rickie Houston May 11, 2020

As a response to the economic challenges presented by COVID-19, Rhode island is providing widespread coronavirus support to individuals and small businesses impacted by the pandemic. In fact, the… Read more

by Rickie Houston Apr 30, 2020

Maine provides several coronavirus relief options for its individuals and small businesses. As the state works to recovery its economy, it has introduced numerous expansions and programs to support… Read more

by Rickie Houston May 11, 2020

As the coronavirus pandemic continues to spread throughout the U.S., multiple states, such as Minnesota, have created their own programs in response. Minnesota offers its individuals and small… Read more

by Rickie Houston Apr 28, 2020

Maryland currently has more than 20,000 coronavirus cases with a total of 929 deaths, according to the Maryland Department of Health. The federal government enacted its own coronavirus crisis… Read more

by Rickie Houston Apr 29, 2020

On March 13, 2020, Wisconsin signed a coronavirus relief bill that ensured it could attain $2 million from the federal coronavirus stimulus package. The bill, which allocates $75 million toward a… Read more

by Rickie Houston Apr 28, 2020

Ohio is one of many states that has formed its own relief programs to protect coronavirus-impacted individuals and businesses. As the state’s total cases surpasses 16,300, Governor Mike Dewine has… Read more

by Rickie Houston Apr 28, 2020

The COVID-19 crisis has severely impacted almost every state in the U.S., including Illinois. With more than 45,800 coronavirus cases and 750,000 unemployment claims, Illinois has taken several… Read more

by Rickie Houston May 28, 2020

As the coronavirus pandemic continues to slow down local, state and national economies, some states, such as Missouri, have responded by creating coronavirus state-level relief programs. With more… Read more

by Rickie Houston May 28, 2020

As the coronavirus pandemic continues to hamper the U.S. economy, residents of individual states, like Pennsylvania, are searching for relief programs at a local level. The Keystone State now has… Read more

by Rickie Houston May 28, 2020

As the COVID-19 pandemic continues, individuals and small businesses can take many measures to ensure their recovery from any financial losses due to the virus. Florida currently has more than 51,000… Read more

by Rickie Houston May 15, 2020

Texas –like every other state in the U.S. — has been adversely impacted by the COVID-19 pandemic. The state currently has more than 25,200 cases with 600 fatalities, according to the Texas Department… Read more