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Stephanie Horan

Mortgage, Savings and Retirement Expert

Stephanie Horan is a data journalist at SmartAsset. A Certified Educator of Personal Finance (CEPF®), she sources and analyzes data to write studies relating to a variety of topics including mortgage, retirement and budgeting. Before coming to SmartAsset, she worked as an analyst at an asset management firm. Stephanie graduated from Williams College with a degree in Mathematics. Originally from Philadelphia, she has always been a Yankees fan and currently lives in New York.

Posts by Stephanie Horan:

by Stephanie Horan Sep 28, 2021

An increasing number of nurses are trading in traditional hospital-staffing positions for higher-paying temporary jobs with traveling nurse agencies. The difference in pay is often significant. The Associated Press reported in September 2021 that nurses working for traveling nurse agencies make $70 to $90 per hour on average, which is two to three times higher than what most hospitals pay their staff nurses. Though looking into an agency may be a great opportunity for some nurses, not all may be willing to travel on a regular basis. For nurses that are looking to put down roots in one area and want to see where they can earn the most, SmartAsset identified the best-paying places for nurses.  Read more

by Stephanie Horan Sep 23, 2021

Business growth is often top-of-mind for financial advisors. Many financial advisory firms follow an “economies of scale” model – that is, larger advisory firms generally tend to be more cost-efficient as they attract and service larger clients. This was shown recently by InvestmentNews’ 2020 Pricing and Profitability study, which found that firm revenue, average assets managed per client and average revenue per client are all positively correlated. Even financial advisors who are not actively interested in growing must pay some attention to prospecting new clients. An advisor’s book of business naturally ages as his or her clients grow older and shift their financial priorities from accumulation to distribution. In order to maintain a consistent income stream, advisors will eventually need to acquire new clients as their existing clients age. Read more

by Stephanie Horan Sep 15, 2021

Tax filers with higher adjusted gross incomes (AGIs) tend to move less than filers with lower AGIs. This may be due to various reasons, including that taxpayers in higher income brackets often skew older or are more established in their careers. Regardless of the cause, IRS migration data shows that roughly 3% of filers with AGIs between $10,000 and $50,000 moved to a different state from 2018 to 2019. By comparison, 2.26% of tax filers with AGIs between $100,000 and $200,000 moved across state lines during the same years. Though higher earners may be less likely to move states overall, some states have still seen relatively large influxes of this demographic.  Read more

by Stephanie Horan Sep 02, 2021

Financial advisor firms are on the move. That’s in part because the COVID-19 pandemic has presented an opportunity for firms to pull up stakes and relocate their headquarters to new areas that better… Read more

by Stephanie Horan Aug 25, 2021

The COVID-19 crisis has significantly affected the U.S. job market, and its impact will likely be felt for some time. After publishing 2019-2029 job projections in the fall of 2020 that did not… Read more

by Stephanie Horan Aug 17, 2021

Bureau of Labor Statistics (BLS) data from the second quarter of 2021 shows that female, full-time wage and salary workers earn 82% of what their male counterparts do on average. This pay gap has… Read more

by Stephanie Horan Aug 16, 2021

According to the Bureau of Labor Statistics (BLS), almost one in 10 personal financial advisors are based in the New York-Newark-Jersey City metro area. While the Big Apple may be a hot spot for… Read more

by Stephanie Horan Aug 10, 2021

Over the past year and a half, in-person conferences have been put on pause. However, as vaccination rates increase and businesses reopen, many conferences across a variety of industries are… Read more

by Stephanie Horan Jul 22, 2021

In April 2020, the U.S. unemployment rate increased by 10.3 percentage points to 14.7%, the highest rate and largest month-to-month increase in the history of this data since the Bureau of Labor… Read more

by Stephanie Horan Jul 16, 2021

The median household income is about $65,700, according to the most recent Census Bureau data. However, the top 20% of earners nationwide makes about twice this amount, potentially increasing their… Read more

by Stephanie Horan Jul 15, 2021

On June 24, 2021, President Joe Biden reached an agreement with a group of bipartisan Senators for an infrastructure plan that will invest over $1.2 trillion in eight years on roads, water,… Read more

by Stephanie Horan Jul 13, 2021

Over the past several years new tech hubs have emerged across the U.S., with hotspots such as San Francisco and New York City losing some ground. The COVID-19 pandemic may have accelerated this trend… Read more

by Stephanie Horan Jul 07, 2021

Though they comprise a relatively small fraction of total homes, the number of million-dollar homes in the U.S. is growing. In 2016, about 2.3 million homes were worth $1 million or more. Meanwhile,… Read more

by Stephanie Horan Jun 30, 2021

The past year has been a difficult time for many working parents who have had to balance remote work, potential job losses, school closings and limited access to childcare. A February 2021 survey by… Read more

by Stephanie Horan Jun 24, 2021

With higher housing costs and smaller living spaces, many large cities are less conducive to families. According to Census Bureau data, average monthly housing costs for homeowners across the 100… Read more

by Stephanie Horan Jun 17, 2021

The average 401(k) balance in the U.S. hit $123,900 in the first quarter of 2021, according to a recent report by Fidelity Investments. This marks more than a 70% increase from the average 401(k)… Read more

by Stephanie Horan Jun 16, 2021

Less than three in 10 six-figure earners in the U.S. are women, according to the most recent Census Bureau data. Though far from equitable, the percentage of women who are breaking the six-figure… Read more

by Stephanie Horan Jun 10, 2021

Estimates on the return on investment from having a financial advisor vary. In a 2019 whitepaper, Vanguard assessed an “Advisor’s Alpha,” or the value that a financial advisor adds to a client’s… Read more

by Stephanie Horan Jun 02, 2021

Historically, first-time homebuyers have made up about 40% of all homebuyers in the U.S. However, over the past decade, the share of first-time homebuyers has fallen below that norm, hovering around… Read more

by Stephanie Horan May 24, 2021

Over the past decade, the cost of a college education in the U.S. has increased significantly. Accounting for inflation, data from the Integrated Postsecondary Education Data System (IPEDS) shows… Read more

by Stephanie Horan May 19, 2021

Buying a home has become increasingly difficult during COVID-19. Though low mortgage rates mean that many purchasers will spend less in interest over the course of their mortgage, home prices have… Read more

by Stephanie Horan May 18, 2021

Remote work has increased dramatically during the COVID-19 pandemic, offering many young professionals greater flexibility to live farther away from their jobs. But it is unclear whether this… Read more

by Stephanie Horan May 06, 2021

Asian American households saw the greatest increase in income over the past decade out of any other racial group in the U.S. From 2010 to 2019, the median household income across all households grew… Read more

by Stephanie Horan Apr 28, 2021

Financial advisors offer varying fee structures with different types of compensation. In general, there are three primary ways advisors make money. They include client fees (usually charged either on… Read more

by Stephanie Horan Apr 22, 2021

Average monthly housing costs across the 50 largest U.S. cities are $1,268, or about 14% higher than median monthly housing costs nationally ($1,112). Additionally, residents spend an average of 23… Read more