your financial details.
SmartReads
Take control of your financial future.
Vanguard has released its January 2023 investment and economic forecasts, and there are some interesting projections that all investors should consider. The forecast predicts faster economic growth in China than in the U.S. or Europe. When looking at investments, Vanguard predicts global equities to have the highest return projection for the year amongst all equities. Vanguard also projects a solid year for bonds, with U.S. high-yield corporate bonds and emerging markets bonds having the highest potential projected return. It should be noted, however, that they both also have double-digit median volatility, nearly doubling all other fixed-income projections. Read on to learn more about Vanguard’s top projections as well as what investments you may want to consider avoiding. If you’re looking to change up your portfolio in 2023 and don’t yet have a financial advisor, you may want to think about changing that. It is expected to be a difficult investment year to predict, and a financial advisor can help you strategize your positions. Read More...
Right now, the average price for a loaf of bread is, approximately, $1.87. Under a new law proposed by House Republicans, that price would go up to more than $2.50. This would be the result of the Fair Tax Act, a bill proposed by around 30 House Republicans. House Speaker Kevin McCarthy (R-Calif.) has promised to bring it before the chamber for a vote, although he has not specified when or under what conditions. The Fair Tax Act is the latest incarnation of an idea that has bounced around for more than a generation. The proposed law would eliminate the IRS entirely and with it all federal taxes, including the income, payroll, estate and corporate taxes. In its place, Congress would enact a flat 30% sales tax on all goods and services nationwide. Though this proposal is unlikely to pass, it may be a good idea to match with a vetted financial advisor for free to help you with your tax needs. Read More...
You may want to buy a life insurance policy covering your parents and naming you as a beneficiary if you expect a significant financial impact from their deaths. Insuring a parent’s life can pay for burial expenses, fund an inheritance, support a charity, cover children’s college costs and even support a surviving parent after one dies. However, parents have to consent to you or anyone else buying life insurance on them. And you also have to prove how you’ll lose financially when they die. Talk to a financial advisor who may be able to help with insurance decisions like this one. Read More...
You can’t buy a life insurance policy for just anyone. Before an insurance company approves your request to take out life insurance on anyone other than yourself, you must obtain the consent of the proposed insured. You also have to demonstrate you have an insurable interest. This means you would be exposed to financial loss if the other person died. It’s possible to get a life insurance policy for someone else if these conditions are fulfilled. And spouses, ex-spouses, business partners, parents and creditors all may request and get approval for life insurance coverage on someone else. Consider talking to a financial advisor about your life insurance needs. Read More...
Most Read
Editor's Picks
Dec 30, 2022 If you're like most people, you dread tax season. But if you're expecting a tax refund, you may have something to look forward to. Most…
Aug 04, 2022 Chartered financial analyst (CFA) and certified financial planner (CFP) are common certifications for individuals working in finance,…
Apr 29, 2022 Wealth management firms are all different, with their own specializations and services. As a result, the process for choosing a wealth…
Dec 30, 2022 If a financial planner or financial advisor is fee-only, that means they receive compensation solely from the fees clients pay from their…
May 12, 2022 If you’re young and looking to purchase a new home to live in, you may want to consider turning it into an investment property. While most…
Data Articles and Studies
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...
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...
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...
You Might Like
More From SmartAsset
| An error occurred Please reload the page. |
