Traffic fatalities are rising on American roadways, once again highlighting the importance of safe driving. According to the National Highway Traffic Safety Administration, traffic deaths spiked 10.5% in 2021 when 42,915 people were killed in crashes. That uptick followed a particularly harrowing 2020, which saw 38,824 motor vehicle fatalities. It had been the deadliest year on American roads since 2007 despite fewer people driving amid the COVID-19 pandemic. Read More...
Long-term financial planning can be difficult, and while new automatic enrollment and contribution escalation make it easier than before to save for retirement, actually reaching retirement can be even more stressful. Switching from saving mode to the active retirement phase not only requires a shift in mindset but a change in how you manage your finances. Investment advisor Edelman Financial Engines have a new product aimed at helping savers transition through that major life event. Here’s how this new program could help. Read More...
When picking a financial advisor, investors have many options. You can work with an independent advisor or one from a major investment company. Since you already have a bank that you know and trust, some investors ask, “Do banks have financial advisors?” In this article, you’ll learn if banks offer investment advice, the benefits of working with a bank financial advisor and whether you should work with one or not. For help finding an advisor, use SmartAsset’s free financial advisor matching service. Read More...
Past economic downturns have shown that we may already be in a recession even before economists can officially tell us. A stock market drop could be an early indicator of a recession. But don’t rush to sell your investments, says investment firm Dimensional. Data shows that five years after the S&P 500 crossed into a bear market, which is defined as a 20% decline when compared with its recent high, it averaged 70% in returns. Here’s what you need to know. A financial advisor could help you in creating a recession-proof portfolio. Read More...
Mar 22, 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. If there…
May 10, 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…
May 16, 2022 If a financial planner or financial advisor is fee-only, that means they receive compensation solely from the fees clients pay from their…
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...
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