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.
Though it’s uncomfortable to think about death, it’s crucial to take certain steps to protect your assets before that time comes. Living trusts and wills are two estate planning options designed specifically to help you prepare for the inevitable. While one focuses largely on the management of your assets during life and after death, the other focuses solely on the distribution of your assets after you’ve passed away. Read more
The first-time homebuyer tax credit emerged during the 2008 financial crisis to help make buying a home more affordable for Americans. Though various other mortgage programs and loans exist, the tax provision here was strictly for first-time homebuyers. Simply put, it offered homebuyers a significant tax credit for the year in which they purchased their home. Unfortunately, this credit no longer exists. However, legislation to create a new refundable tax credit of up to $15,000 for first-time homebuyers was introduced in April 2021. Below, we discuss what the tax credit program did, and explore additional mortgage programs that can still help you save on your first home. A financial advisor can help you plan for buying a home, as well as other financial goals. Read more
With homeownership comes home equity. Both home equity loans and home equity lines of credit (HELOCs) use the equity you’ve built up to help you pay off big expenses. You can use these loans to tackle credit card debt, tuition payments or a kitchen renovation. In addition, you can use these loans essentially as another mortgage to pay off debt you owe on your home. You just use your home as collateral and and pay monthly payments with different interest rates on the loan. So in the HELOC vs. home equity loan decision, which is best for you? We explain the nitty-gritty below and let you decide. Read more
Betterment and FutureAdvisor both operate as two of the most popular robo-advisors in online investing. Each company offers similar products to help you reach your investment goals, but the costs and… Read more
|An error occurred Please reload the page.|