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Sarah Sharkey

Personal Finance Expert

Posts by Sarah Sharkey:

by Sarah Sharkey Oct 20, 2022

Opening a savings account does not impact your credit score because you aren’t borrowing money and the activity in your savings account isn’t reported to a credit agency. Most financial institutions will run a soft credit inquiry when you open a savings account but it is only to check your identity. Not sure that opening a savings account is the right move? Talk to a financial advisor to work through the details of your situation and to find the right account for your financial goals. Read more

by Sarah Sharkey Oct 18, 2022

Investing $100 a month gives you the chance to make regular progress toward your financial goals. Sticking to a regular commitment can help you build wealth over time. If you are ready to invest $100 a month, your returns will vary based on your investment choices. Although it’s possible to build an investment portfolio by yourself, working with a financial advisor can help you keep it balanced. Read more

by Sarah Sharkey Oct 12, 2022

Portfolio variance measures risk by assessing the dispersion of asset returns in a portfolio. Essentially, portfolio variance measures the spread of returns in a portfolio. A portfolio full of assets that have high correlations will have higher portfolio variance. If you are looking for a way to apply portfolio variance to your investment portfolio, then consider speaking with a financial advisor. They can walk you through the process of applying this concept to your unique situation. Read more

by Sarah Sharkey Oct 06, 2022

Merchant banking offers specialized financial services to large corporations and high-net-worth individuals. The high-end services available through this type of financial institution aren’t… Read more

by Sarah Sharkey Sep 28, 2022

Divorce is obviously a difficult chapter in anyone’s life. In addition to sorting out personal matters, dealing with the financial fallout of divorce is often messy. Whether you are paying alimony or… Read more

by Sarah Sharkey Sep 23, 2022

The amount a $10 million annuity would pay depends on when you make the investment, the returns attached to your annuity and the details of the contract. With that, it’s challenging to nail down a… Read more

by Sarah Sharkey Sep 16, 2022

Opening a savings account does not impact your credit score because you aren’t borrowing money and the activity in your savings account isn’t reported to a credit agency. Most financial institutions… Read more

by Sarah Sharkey Sep 14, 2022

On the surface, Ally and Schwab are very similar. The full-service brokerage firms each offer the ability to build an investment portfolio with the help of robo-advisors or financial planners and… Read more

by Sarah Sharkey Sep 01, 2022

When comparing Robinhood to TD Ameritrade and Fidelity, the differences are immediately obvious. While Fidelity and TD Ameritrade are two full-service brokerage firms that offer ample resources to… Read more

by Sarah Sharkey Aug 23, 2022

Every investor needs to choose a strategy that makes sense for them and helps them achieve their financial goals. The barbell strategy is one investment strategy that might suit your needs if you… Read more

by Sarah Sharkey Aug 23, 2022

Inflation has been running wild across the country throughout 2022. With costs soaring, it’s easy to feel the pressure on your household budget because the reality is that your paycheck cannot buy as… Read more

by Sarah Sharkey Aug 18, 2022

A second-to-die policy is designed for couples who want to share a life insurance policy with specific beneficiaries, such as children and grandchildren. The life insurance company will only make a… Read more

by Sarah Sharkey Aug 18, 2022

A financial windfall is something to celebrate. But if you don’t play your cards right, the government will expect a major portion of the cash. The good news is that smart tax planning strategies can… Read more

by Sarah Sharkey Aug 11, 2022

Medicaid provides a way to pay for medical costs. But it can also lay claim to the assets that you leave behind, including life insurance if you do not have a designated beneficiary. Let’s break down… Read more

by Sarah Sharkey Aug 09, 2022

The stock market can be volatile, creating ups and downs that can be impossible to predict. Knowing when to sell stocks can make a big difference in your long-term investment portfolio whether you’re… Read more

by Sarah Sharkey Aug 08, 2022

A bear market marks a time of uncertainty for investors. It’s uncomfortable to watch your portfolio potentially free fall during a bear market. But knowing there is a light at the end of the tunnel… Read more

by Sarah Sharkey Aug 05, 2022

As Web3 emerges, a new asset class can be found in digital real estate that many are considering as potential investments in their portfolios. There are many different ways to invest in digital real… Read more

by Sarah Sharkey Aug 05, 2022

If you use PayPal, Venmo and other third-party payment networks, then you might get a 1099-K form from the IRS. This form reports transactions from third-party payment networks. And depending on how… Read more

by Sarah Sharkey Jul 27, 2022

Voluntary life insurance is a type of insurance offered as part of a group insurance policy that typically covers employees in the event of their death. It is an additional benefit offered by… Read more

by Sarah Sharkey Jul 27, 2022

Donating real estate to charity can come with a myriad of benefits. Not only will you help out a worthy cause, but also take advantage of tax benefits that can lower your overall personal tax burden.… Read more

by Sarah Sharkey Jul 27, 2022

As a business owner, you might find yourself asking, “Do I need a CPA for my small business?” This is because It’s often not required to hire a certified public accountant (CPA) for your small… Read more

by Sarah Sharkey Jul 21, 2022

An estate plan indicates what you want to do with your assets after you are gone. Depending on your goals, you may want to leave some funds or other assets to charity. It’s possible to create estate… Read more

by Sarah Sharkey Jul 19, 2022

If you have $10,000 to invest in interest-producing assets, understanding how much you can earn per year is key. The amount you can earn in interest varies based on the asset you choose. Let’s break… Read more

by Sarah Sharkey Jul 13, 2022

According to the U.S. Bureau of Labor Statistics, the average American household spent $5,177 on healthcare costs in 2020. With healthcare costs eating into many American budgets, you may wonder if a… Read more

by Sarah Sharkey Jul 13, 2022

Philanthropic giving allows you to make an impact by donating to organizations that reflect your values and support your causes. If you want to include philanthropic giving in your estate plan, there… Read more