Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email
Loading
Tap on the profile icon to edit
your financial details.

SmartReads

Take control of your financial future.

Financial Advisor
Sep 22, 2021

Annuities are a contract between an individual and an insurance company that provides a guaranteed income stream for a certain period of time, and sometimes even a lifetime. You pay into an annuity and the funds grow using various methods, which is where the income stream comes from. This financial investment is typically tied to one individual, so things can get tricky when the annuitant passes away. However, not all annuities can be inherited, so it’s important to understand the details when you’re the beneficiary of an annuity with a death-benefit provision. You might be able to continue receiving payments, or you may be able to take a lump sum. Questions surrounding annuities and beneficiaries are complex, so it may be a good idea to work with a financial advisor. Read More...

Retirement
Sep 22, 2021

You may be able to profit off your pessimism about the health and durability of Social Security. That may be welcome news for young and middle-age adults who are particularly bearish about the future of Social Security. The Nationwide Retirement Institute’s 2021 Social Security Survey found that 71% of people worry the 86-year-old program will run out of funding in their lifetimes, while a considerable percentage of millennials and Gen X-ers believe they’ll never get anything from it. Such growing worries lie behind one company’s effort to capitalize on the trend. Consider working with a financial advisor as you plan for your retirement. Read More...

Estate Planning
Sep 22, 2021

When you die, a section of law known as estate and probate law governs how your assets are distributed. Someone who dies (known as the “decedent”) with a legitimate will has set up what is known as a testate inheritance. This means that their assets are distributed according to the wishes set forth in their will. Someone who dies without a legitimate will has what is known as an intestate estate. This means that their assets are distributed according to the laws of inheritance. Estate planning is best done in close consultation with a financial advisor. Read More...

Estate Planning
Sep 22, 2021

Power of attorney is an important legal planning tool. It is commonly used for estate planning, medical management, financial management and much more. It’s also a flexible tool. You have the right to change or revoke a power of attorney at absolutely any time. Moreover, changing or revoking a power of attorney is extremely simple (by design). What follows is a general description of how to make that change, not legal advice, which should be sought from an attorney familiar with relevant laws in your state. Consider working with a financial advisor as you put together or modify your estate plan. Read More...

Editor's Picks

Taxes

Sep 13, 2021 Many people dread tax season. But if you're expecting a tax refund, you've got a couple of things to look forward to. Firstly, the IRS has…

Financial Advisor

Apr 09, 2021 "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

Sep 13, 2021 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

Financial Advisor
Mar 11, 2021

The number of registered investment advisors (RIAs) in the U.S. is growing, as are the number of clients they serve and assets they manage. According to an annual report published jointly by the Investment Advisor Association and National Regulatory Services, there were 13,494 RIAs in 2020 – about 11% more than there were in 2017 (12,172). Last year, those advisors reported a total of 42.1 million clients and $97.2 trillion in regulatory assets under management (AUM) – roughly 18% and 37% more, respectively, than the number of clients and assets reported three years prior. Read More...

Checking Account
Jan 07, 2021

Since the onset of COVID-19, remote work has become the norm for many Americans, allowing them to continue to meet some of their expenses while saving where possible. In the late spring of 2020, about half of American workers were working from home, according to two surveys conducted by the National Bureau of Economic Research. Many researchers believe that increased work flexibility and work-from-home opportunities may continue even after the pandemic is over. With that in mind, SmartAsset looked at the best cities to work from home in 2021. Read More...

Checking Account
Feb 18, 2021

The Bureau of Labor Statistics (BLS) says that computer and information technology jobs are expected to have grown by 11% from 2019 to 2029, adding 531,200 new jobs in cloud computing, big data storage and collection and information security. The median annual wage for those jobs in May 2019 was $88,240, which is $48,430 higher than the median annual wage for all occupations. 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...