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A tender offer allows a company or entity to do a public takeover of a business by buying many of its shareholders’ stock shares. Tender offers are typically public, as they literally ask shareholders to sell their shares for a certain price. These sale requests must be agreed to within a certain period of time, and often a minimum number of shares must be sold for it to officially go through. Need help with investing in the current economy? Talk to a local financial advisor today. Read More...
The rule of 70 is used to determine about how long it will take an investment to double in size while growing at a consistent rate of return. The rule is far from exact, but it can nonetheless help you figure out the approximate future value of an investment or compare the potential value of two investments with different rates of return. You may also see the rule of 70 called the “doubling time” of an investment. Do you have questions about investing? Speak with a local financial advisor today. Read More...
The Federal Deposit Insurance Corporation, otherwise known as the FDIC, is a federal regulatory body in the U.S. Its primary purpose is to insure deposits made at banks and other financial institutions in the event that they go under and are unable to pay customers their money back. If you’ve ever made a deposit at a bank, chances are you’ve seen that it is FDIC-insured up to a certain amount. However, that isn’t all the organization does to protect Americans’ money. Do you need help building your savings for retirement or another financial goal? Try SmartAsset’s free financial advisor matching tool today. Read More...
Having a good credit score is beneficial, and an excellent score is even better. But what if you could achieve the perfect credit score? To attain the highest credit score there is, you’ll need to have outstanding credit practices, meet all the credit scoring criteria perfectly and get a little lucky. However, if your score is anywhere near perfect, you really don’t have much to worry about. Consider matching your strong credit score with a long-term financial plan. Speak with a local financial advisor today. Read More...
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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…
Sep 10, 2019 "Chartered financial analyst" (CFA) and "certified financial planner" (CFP) are common certifications for individuals working in finance,…
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…
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…
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
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...
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...
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
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...
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