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.
As you assess your short- and long-term financial goals, it may be helpful to compare the value of your assets to that of your liabilities. That’s where net worth comes in; this value can ultimately help you determine whether you should reduce monthly spending, set up a retirement savings account or adjust your tax withholdings. The two primary types of net worth are total net worth and liquid net worth. In this guide, we define liquid net worth and show you how to calculate it. A financial advisor can offer advice on investing, retirement planning, financial planning and various other areas of finance. Read more
Life insurance offers your family and loved ones protection against any of your financial obligations after you’ve passed away. Though there are multiple forms of life insurance, term life policies provide your beneficiaries with a death benefit if you die during the policy’s term. But these policies vary in price due to factors such as age, health, insurance company, policy size, policy length and more. If you’d like professional assistance with your insurance, consider using our free financial advisor matching tool. Below, we tell you everything you need to know about term life insurance. Read more
It’s wise to select multiple beneficiaries when purchasing life insurance policies. This ensures that your family or loved ones can cover any financial obligations after you’ve passed away. The death proceeds from life insurance policies can have multiple uses, such as paying funeral costs, paying off debt, completing mortgage payments and more. But there’s no guarantee that your primary beneficiaries will be able to claim your policy’s benefit. This is where contingent beneficiaries come in. Functioning as secondary options, these beneficiaries can use the death benefit to pay any of your remaining debts, and by receiving the benefit they keep your assets from going through probate. In this guide, we tell you everything you need to know about the role of a contingent beneficiary. A financial professional can help you protect your assets while meeting long-term savings goals. Find a financial advisor today. Read more
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… Read more
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
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