SmartReads

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...