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Take control of your financial future.

Checking Account
Oct 27, 2020

The COVID-19 pandemic has made many indoor activities difficult or impossible amid government ordinances. Since allocating some savings towards theater tickets and sporting events is now out of the question, a significant number of people are instead turning to the great outdoors for recreation. In fact, 43% of Americans 13 and older said they’d be committed to doing more outdoor activities like hiking, visiting parks and fishing as a result of coronavirus social distancing advisories, according to polling and consumer insights company CivicScience. With that in mind, SmartAsset decided to find the best places in America for outdoor enthusiasts to live and work. Read More...

Financial Advisor
Oct 26, 2020

Prenuptial and postnuptial agreements are both legal documents that address what will happen to marital assets if a married couple divorces or one of them dies. Both agreements describe similar matters, including division of financial assets and payment of alimony. In addition, they may also concern retirement benefits. The main difference between the two is that a prenuptial agreement, often referred to as a prenup, is signed before the couple’s marriage; a postnuptial agreement, often referred to as a postnup, is signed after the marriage. However, there are additional differences between the two as well, including some significant pros and cons. Read More...

Financial Advisor
Oct 23, 2020

Some people plan where every dollar of their budget goes. This method is called zero-based budgeting, and it involves allocating every dollar of income to your expenses, debts and savings. In other words, the goal of this method is that your monthly income and your expenditures are equal so that subtracting the latter from the former gives you zero. If you’re looking for a budgeting strategy that gives every cent you earn a “home” or you’ve been having trouble making a budget then here’s what zero-based budgeting is, how it differs from traditional budgeting and why it may work for you. Read More...

Insurance
Oct 23, 2020

When purchasing or leasing a new car, you have several insurance coverage options. When selecting coverage, you will likely know if you want to have collision coverage or not, but will you know what gap insurance and whether to select that option? If you are driving your owned vehicle or a leased one, and it is totaled, your collision coverage insurance will cover your vehicle’s cash value. The coverage will help you to purchase a another car. However, what if you owe more on your car than it’s worth? That is where gap insurance comes in. Here’s what you need to know about this type of coverage. Read More...

Editor's Picks

Taxes

Jul 10, 2020 Coronavirus-related update: Like many of us, IRS employees have been working from home since spring. As a result, there is a backlog of…

Financial Advisor

Sep 10, 2019 "Chartered financial analyst" (CFA) and "certified financial planner" (CFP) are common certifications for individuals working in finance,…

Investing

May 01, 2020 Wealth management firms are all different. You need to make sure to do the work to pick the right one for you. Wealth managers work with…

Financial Advisor

Jun 12, 2020 If a financial planner or financial advisor is fee-only, that means they receive compensation solely from the fees clients pay from their…

Mortgage

Jul 23, 2019 If you’re young and you're looking to purchase a new home to live in, maybe you should consider turning your first home into an investment…

Data Articles and Studies

Checking Account
Mar 26, 2019

Tech jobs are particularly desirable, because they pay well, show long-term signs of growth and are less vulnerable to automation. But women have faced systemic difficulties in getting these jobs. And even when women do find jobs in the tech world, they earn 84% of what men in tech do, according to Census Bureau data, and thus have less opportunity to save. This is true at the national level, but there are some cities where parity between men and women in tech is less of a concern.  Read More...

Taxes
Mar 26, 2019

A large majority (75%) of taxpayers overpay on taxes and receive a tax refund, according to IRS data. A smaller proportion (19%) see the opposite: They will have overestimated their withholdings and learn they still owe the IRS some money. Apart from overpaying and underpaying, there is another small, exclusive group of savvy Americans who manage the Goldilocks fantasy: withholding just the right amount so, come tax time, the tax balance between them and the IRS reads an even zero. Read More...

Checking Account
Jan 14, 2020

Americans have greater than $800 billion in outstanding credit card debt, according to data from the New York Federal Reserve. What’s more, roughly 8% of credit card debt is delinquent by 90 days or more. If you’re someone saddled by debt and trying to avoid those lofty interest rates by paying it off, moving somewhere affordable with high-paying jobs is a great strategy. That allows you to accumulate money in your savings account so you can easily pay off any charges you rack up. Below, we rank the best places to get out of debt. Read More...

Videos

Personal Finance
Mar 14, 2019

Patrice Washington says she is an accidental personal finance blogger. Regardless, it’s a role she seems born to play, and one she’s certainly making the most of! Patrice is now much more than a personal finance blogger, she is a personal finance educator, author and advocate. You can see, hear and read Patrice pretty much everywhere from the Steve Harvey TV and radio show to her own books on personal finance. We caught up with Patrice in New Orleans for this edition of SmartAsset Talks. Read More...