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Financial Advisor

Mar 12, 2020 Managing your money isn’t easy. There are a lot of decisions you must make, and you’ll need to grapple with complicated issues like taxes, investing strategies and retirement income planning. Hiring a financial advisor can make things easier. The term "financial advisor" describes a broad group of professionals, though, so it can be tough to figure out exactly whom you want to hire. Before committing to paying someone to manage your money, you should know exactly what your options are, what services they provide and what kind of clientele they serve. If you’re looking for a financial advisor, you can find one today using SmartAsset’s Read More...

Apr 04, 2020 One of the most significant provisions of the coronavirus stimulus package is the  Paycheck Protection Program, which can provide forgivable loans to small businesses to help them maintain payroll. However, one of the key questions facing many startup businesses is whether the Small Business Administration's rules might disqualify some small businesses that have venture capital funding.  Read More...

Apr 03, 2020 The Small Business Administration's (SBA) Economic Injury Disaster Loan (EIDL) Program can provide as much as $2 million of financial support to small businesses and private non-profit organizations that encounter certain declared disasters. The Coronavirus Aid, Relief, and Economic Security (CARES) Act expanded the EIDL Program to make it easier for borrowers dealing with the  COVID-19 pandemic to get a loan. The application process is fairly simple, as it's available directly through the SBA's website. Read More...

Apr 04, 2020 With stay-at-home orders in place across the U.S., revenues for the nation's 30 million small business have dried up, and many businesses have had to lay off employees. To aid these companies and their employees during the COVID-19 crisis, the Small Business Administration (SBA) is offering small businesses a forgivable loan of up to $10 million each to cover payroll and some other costs. A Paycheck Protection Program (PPP) loan, which the SBA classifies as Read More...

Apr 03, 2020 California is one of the early epicenters for the COVID-19 pandemic in the U.S. As of the end of March, 150 people have died of the disease in the Golden State and hundreds are currently in intensive care. The entire state is under a shelter-in-place protocol, which follows an earlier strict shelter-in-place rule put forth by counties in the Bay Area. This, of course, has had an adverse impact on the livelihoods of individuals living in California and on small businesses operating in the state. Luckily, though, there are numerous programs available to California residents who need a bit of help getting through the COVID-19 crisis. If you’re worried about protecting your… Read More...

Apr 02, 2020 Google is pledging more than $800 million to support small-to-medium sized businesses (SMBs), health organizations and researchers in the midst of the coronavirus pandemic. The package includes $340 million in ad credits for businesses with Google Ads accounts. The company’s announcement comes as the government rolls out r elief programs for businesses affected by the coronavirus. Small business owners can also work with a financial advisor to protect their money and make the most out of all the aid they can get. Read More...

Apr 01, 2020 As the COVID-19 pandemic wreaks havoc across the globe from a public health and economic standpoint, Facebook has stepped up to offer relief to small businesses suffering financial loss. The number of U.S. unemployment claims increased by more than 3 million in just one week, and numerous small businesses, nonprofits and other companies are losing money due to quarantine mandates. In response, Facebook recently announced that it plans to provide grants to small businesses to help them rebuild revenue as the economy slows. Below, examine Facebook's offerings for small businesses and elaborate on how small businesses can apply for aid from… Read More...

Apr 02, 2020 If you've lost your job due to coronavirus-related reasons, don't worry. Both federal and state governments offer a range of coronavirus relief options to those unemployed. In fact, the coronavirus stimulus package comes with numerous provisions that benefit renters, homeowners, student loan borrowers and others financially affected by COVID-19. As Americans seek the help of financial advisors to create a viable strategy for their money amid this… Read More...

Apr 03, 2020 The State of New York -- especially New York City -- is one of the epicenters for the COVID-19 epidemic in the U.S.. More than 1,000 people have died of the virus in the Empire State, and infections are reaching such a rate that New York City has built a makeshift hospital in Central Park. Residents of the state continue to be advised to practice social distancing, and non-essential businesses are shut down. There are plenty of programs out there, though, that can help both individuals and businesses who have been negatively impacted by the crisis and need a bit of help to get through. If you are worried about protecting your finances through the crisis and the recession, consider Read More...

Mar 31, 2020 A survivorship clause in a will or trust stipulates that beneficiaries can only inherit if they live a certain number of days after the person who made the will or trust dies. These clauses aim to avoid situations where your assets would pass under your beneficiary’s estate plan, not yours, when the beneficiary only outlives you by a short time. While these situations are rare, you may want to consider adding this provision to your will or trust. Read More...

Mar 31, 2020 Many people are unaware that you don’t have to wait until death to give or receive an inheritance. If you want to start giving to your heirs early, there are several ways you can do so. If you're considering granting an early inheritance, here's how gifting can be used to help your heirs achieve financial security before you pass away. Consider working with a financial professional to incorporate estate planning into your financial plan. Find a financial advisor today. Read More...

Mar 31, 2020 A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament. One key thing to decide is whether to establish a revocable or irrevocable trust. Both have their pros and cons and one may be more appropriate than the other, depending on your financial situation and needs. If you're thinking of adding a trust to your financial plan, it helps to know how the two compare. Consider working with a financial professional to incorporate estate planning into your financial plan. Find a… Read More...

Mar 31, 2020 The term "set it and forget it" is ubiquitous in the financial world, and with good reason. Regular contributions to your retirement accounts or investment portfolio can help keep you on the right track for your long-term financial goals. A systematic investment plan allows you to make regular investments in a mutual fund or other security. Here's how to set one up, and why it's a good idea. Read More...

Mar 31, 2020 Most people experience government spending through its fiscal policy, which refers to how a government takes money or spends it. The former happens through taxation, while the latter might include purchases of equipment and facilities and direct hiring. The goal of fiscal policy is to help shape the economy by acting as what’s known as a “market participant.” Congress acts as a consumer or employer on a massive scale, and in doing so tips the balance of hiring and demand nationwide. Note that, unlike monetary policy, state and local governments can enact fiscal policy as well. Read More...

Mar 31, 2020 The process of divorce can be emotionally and financially draining. It can also be very complicated, as state laws tend to dictate who gets what property, assets and even debt in a split. Equitable distribution is a system by which many states divide property during a divorce. What does it mean and which states use it? Read More...

Mar 27, 2020 A trade deficit sounds like a very bad thing. A trade deficit is an economics term which indicates the difference a country’s imports and its exports. If the country imports more than it exports, it has a trade deficit. If it exports more than it imports, it has a trade surplus. Both can be good or bad. Read More...

Mar 27, 2020 The public-sector equivalent of an MBA, the MPA degree, demonstrates expertise in the executive leadership of government entities. It is a master's level degree in public affairs. It is designed for individuals who already possess leadership, economic, and quantitative analysis skills. Read More...

Mar 27, 2020 If you're looking for a financial advisor to work with, there are a number of important questions to ask. For example, it's helpful to understand how the advisor gets paid and how they communicate with clients. However, consider asking if they work for a closed or open architecture firm. Read More...

Apr 03, 2020 As the COVID-19 pandemic continues to grow, many small businesses are finding themselves asking some tough questions about how to continue operations while making sure they’ll be able to sustain themselves throughout the crisis. Though there are a number of  business relief programs becoming available at the municipal, state and federal levels -- including the CARES Act recently signed into law -- small business owners may still be wondering what exactly they can do to make sure the coronavirus crisis doesn’t spell disaster for their livelihoods. SBA 7(a) loans from the Small Business Administration (SBA) have emerged as an attractive option. As small business… Read More...

Mar 27, 2020 Stocks can play an important part in diversifying a portfolio. Share prices can fluctuate, depending on various market movements. But there's something else that can affect what your stocks are worth: dilution. Stock dilution can influence the value of each stock you own and affect your portfolio as a whole. Read More...

Apr 02, 2020 Amid economic distress fueled by the coronavirus crisis, President Trump signed a coronavirus stimulus package providing direct cash payments to Americans in addition to help for small businesses. According to a circulating congressional memo, citizens with a bank account on file with the IRS will get their payments electronically starting the week of April 13. Physical checks will go out beginning the week of May 4. Want to know how much you can expect to… Read More...

Mar 31, 2020 The coronavirus pandemic has upended the U.S. economy, as many Americans have already been laid off, furloughed or had their wages cut. Others are getting sick and being forced to take time off of work. As a result, bills may go unpaid, leaving your credit score open to negative movement. So during this time, it's important to keep a close eye on your credit and all other aspects of your financial life. There are also some measures you can take to protect your credit score during the coronavirus crisis and, in turn, your long-term financial well-being.  Read More...

Apr 03, 2020 As the coronavirus continues to spread throughout the U.S. and the world, numerous Americans are seeking paid sick leave benefits. While many are bracing for a looming economic recession and their coronavirus stimulus checks, it's equally crucial to stay up to date on the current federal legislation offering financial support to those directly impacted by COVID-19. In fact, the Families First Coronavirus Response Act (FFCRA) and other paid sick leave options are available to many employees. If you have questions about how to build your financial plan in these uncertain times, speak with a  Read More...

Apr 02, 2020 Stimulus checks intended to ease the economic impact of the coronavirus pandemic will soon be on their way. Under the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, most Americans will get one-time direct cash payments of up to $1,200 and couples will get up to $2,400. Families will get an additional $500 per child. These amounts are subject to “phase-outs” based on income levels, which means high-income earners will get less, and the highest earners will get nothing at all. But the Tax Policy Center estimates about 90% of Americans will get stimulus checks. Use the calculator or tables below to see how much you're in line to receive. A financial… Read More...

Apr 03, 2020 To be a business owner now, during the  coronavirus pandemic, is to be in serious financial straits. That is, unless you're in the business of selling groceries, medicine or other essentials. With more than two-thirds of the country under stay-at-home orders, Main Street has had to cut hours if not close completely. The lost revenue, for big and small businesses, is unprecedented, as is the number of people filing for unemployment. To help you get through the crisis, SmartAsset has put together this step-by-step guide to all relief programs available to small business owners, including what's in the recently passed Coronavirus Aid, Relief, and Economic Security… Read More...

Apr 03, 2020 Two weeks after the worst day in Dow history, President Donald Trump signed a coronavirus stimulus package called the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. The CARES Act is the biggest rescue package in U.S. history. With a staggering price tag of $2 trillion, the legislation seeks to provide emergency financial assistance to people and businesses as the coronavirus pandemic whipsaws markets and batters the economy. A financial advisor can help you manage your finances during turbulent times. Find a financial advisor today. Read More...

Mar 30, 2020 With the onslaught of the novel coronavirus pandemic, many Americans are being forced to file jobless claims as the economy tanks. Data from Worldometers shows the number of COVID-19 cases has skyrocketed to some 552,000 worldwide. The U.S. currently has more than 68,440 total cases, according to the CDC. As national and global economies take a hit and layoffs increase, more Americans are seeking unemployment benefits. In fact, data from the U.S. Department of Labor (DOL) shows that in the week ending March 21, the number of unemployment claims surged from 282,000 to 3,283,000. On March 12, the DOL released new guidelines allowing states to expand unemployment insurance flexibility for Americans affected by COVID-19. A financial advisor can help you build a financial plan… Read More...

Mar 25, 2020 When it comes to fixing an economy,  the government has two main tools at its disposal: monetary stimulus and fiscal stimulus. This isn’t the limit of what a dedicated government can do, but most economic relief packages fall into these two categories. With the US government employing both strategies to stimulate a flagging economy in the face of the coronavirus pandemic, it's useful to understand how it works. Here is what you need to know about these two primary tools the government has to fix or revive an economy. Read More...

Mar 24, 2020 If you’ve ever heard the phrase, “The more you make, the more you spend,” you’re likely already familiar with the concept of lifestyle inflation. Lifestyle inflation is when you increase your household spending as your income levels rise. Learn how this can hurt your long-term finances, and how to manage it. Read More...

Mar 24, 2020 When shopping for a healthcare plan, you’ll want to compare costs, size of the network and the flexibility of various plans. Two common types of healthcare plans are health maintenance organization (HMO) plans and preferred provider organization (PPO) plans. They differ in key ways that make them suited to different types of healthcare consumers. To help you determine which plan is right for you, here’s a breakdown of what each plan entails and the key differences. Read More...

Mar 24, 2020 Non-profit and not-for-profit organizations sound similar but they're quite different in terms of tax status and fundraising. Whether you're interested in setting up a non-profit or not-for-profit, or you're planning to make donations to either one as part of a fundraising campaign, it's important to understand how they work and how they differ. Read More...

Mar 24, 2020 A pour-over will is a specific type of will that can be used in conjunction with a living trust to manage your assets after you're gone. This kind of will can be helpful in estate planning, though it may not be right for everyone. Here's more on how a pour-over will works and how to include one in your financial plan. Read More...

Mar 28, 2020 Payments on federal student loans are suspended up until September 30, 2020, under a coronavirus stimulus package signed by President Trump. No interest will accrue during this time period. But despite this $2 trillion stimulus effort, there are plenty of student loan relief programs you can access at any time. You can also work with a financial advisor to set up a student loan repayment plan as part of your larger financial strategy. Read More...

Apr 02, 2020 As the coronavirus pandemic intensifies, Americans are facing not only a public health crisis but an economic one as well. To help you navigate this uncertain period and protect your financial well-being, SmartAsset has gathered a list of resources to help you answer the difficult money questions you may have. We’re updating this page daily, so check back often for answers to your questions. Table of Contents Coronavirus Stimulus Package Individual Benefits and Relief Measures Small Business Relief Measures Handling Your Money During the Coronavirus Crisis Data Driven Studies Tips for Surviving the RecessionRead More...

Apr 02, 2020 When a natural disaster or man-made crisis strikes, businesses often must suspend operations or operate at reduced capacity for a time. Business interruption insurance can protect business owners against income losses in these situations. However, it doesn’t normally cover infectious diseases like COVID-19 or pandemics. Typically, for the policy to kick in, there must be damage to the business property. But as more and more business owners learn that their losses from the coronavirus crisis aren't covered, some states are stepping in, introducing bills that retroactively require insurers to cover these losses. These states include: Massachusetts, New Jersey, New York and Ohio. In this article we'll discuss what typically is and isn't covered by business interruption insurance… Read More...

Mar 20, 2020 India is known for its vibrant culture, with food, architecture and colorful festivals contributing to a cultural smorgasbord with a millenia-old history. Whether you’re a city dweller, a mountain climber, or a beach bum, India has something for you. All these options, paired with a low cost of living in comparison to the United States, make India a potentially appealing option for those seeing to retire overseas. Here's what you need to know before you retire in India. Read More...

Mar 30, 2020 Arizona is perhaps best known for its hot climate and natural beauty, but it’s developing a high profile for business as well. The state's population is growing, as is its economy. On the downside, Arizona has higher costs than most states. If you're considering starting a business in the Grand Canyon State, here's what you need to know. Read More...

Mar 30, 2020 Colorado's population is growing, its workforce is younger than the national average, and it ranks among the top states for higher education attainment. The Centennial State is also a popular retirement destination and a favorite of snow skiiers and those who enjoy the Rocky Mountains. All of these factors make Colorado an attractive destination for businesses. However, businesses there also labor under costs that are higher than in most states, and the state's overall tax burden is relatively high. Here's what you should know if you would like to start a business in Colorado. Read More...

Mar 20, 2020 Wyoming does not have a state inheritance tax or estate tax. However, the state has laws concerning intestate succession, probate, taxes, what makes a will valid and more. If you want professional guidance for your estate planning, or if you need advice on managing an inheritance, you can use the  SmartAsset financial advisor matching tool to find an advisor near you. Read More...

Mar 19, 2020 Wisconsin does not have a state inheritance or estate tax. However, like every other state, Wisconsin has its own inheritance laws, including what happens if the decedent dies without a valid will. We'll discuss what Wisconsin has to say about that situation, along with details about the  probate process and how to successfully create a valid will in Wisconsin. If you want professional guidance for your estate planning after reading this article, you can use the SmartAsset… Read More...

Mar 19, 2020 Vermont has no inheritance tax but it does have its own estate tax. In this article, we go into detail about that tax, and break down the state's other inheritance laws: what happens if you die in the state without a valid will, probate, what makes a will valid and more. If you want professional guidance for your estate planning, we recommend using the SmartAsset advisor matching tool to find a financial advisor who can help. Read More...

Mar 19, 2020 Did you know you can make money in the stock market when shares go down, or in commodity markets when prices fall? In other words, the buy-low-sell-high approach can be reversed and still produce a profit. In fact there are two ways to do this: a futures contract and an option. While they are similar there is a key difference, and it's right in their names. Read More...

Mar 19, 2020 Investing in the stock market can help you build wealth, but deciding what types of stocks to invest in can be challenging. For example, you may be deciding between value and  growth stocks and weighing how each of these two styles of investing can help you meet your investment goals. Understanding how value and growth stocks compare is an important step in building a solid portfolio that aligns with your needs and objectives. Read More...

Apr 02, 2020 This one is happening. We might get lucky though. Warmer temperatures might help stop the spread of the coronavirus. Maybe a vaccine will materialize sooner than expected. Or maybe the recently enacted $2 trillion stimulus package, aka the CARES Act, will work and prop up individuals and business throughout the declared national emergency. All of this might happen, so that recovery is a quick turnaround - a V shape rather than a longer U or L.  Read More...

Mar 18, 2020 The Caribbean offers a sunny oasis for retirees. With the laid-back lifestyle, affordable healthcare, and tax incentives, retirees are drawn to the Caribbean islands. But before you throw your winter clothes away and spend your golden years under a palm tree, you need to understand what it entails to retire in the Caribbean. In this article we'll discuss immigration laws, taxes, safety and other key factors for four of the most popular Caribbean retirement destinations: Bahamas, Belize, Jamaica and the Dominican Republic. Read More...

Apr 03, 2020 Navigating a recession requires an intelligent, fleet-footed strategy to safeguard your money and protect your financial future amid the downturn and uncertainty. Truth be told, no one, including the experts, knows how the economic slowdown amid the coronavirus pandemic is going to play out. That’s largely because we’ve never before had a global pandemic wreak havoc quite like this: conventions, vacations, sports seasons cancelled; restaurants, bars, major retailers closed; certain cities, counties, even countries on lockdown. Read More...

Mar 17, 2020 A trust can be used to manage estate taxes, shelter assets from creditors and pass on wealth to future generations. A family trust is a specific type of trust families can use to create a financial legacy for years to come. There are several benefits to creating one, though not every family necessarily needs one. If you're curious about where this type of trust might fit into your family's estate plan, here's what you need to know. Read More...

Mar 17, 2020 An option contract is a form of financial asset known as a “derivative.” Purchasing an option contract it gives you the right to buy or sell some underlying asset on specific terms. You choose a price and date on which to trade this asset. When the time comes, you can choose to execute the contract if it's profitable, or let it expire if not. Here's what you need to know about option contracts. Read More...

Mar 17, 2020 Nicaragua is a small country in Central America that has coasts on both the Pacific Oceans and the Caribbean. The country also boasts mountainous regions and the largest lake in Central America, so the climate and abundance of outdoor activities have something for nearly everyone. Nicaragua is not only an easy place for Americans, Canadians, and Europeans to buy real estate, but also has a low cost of living and high quality of life for foreigners. Here's a breakdown of what to expect when you decide to retire in Nicaragua. Read More...

Mar 16, 2020 When managing your portfolio and growing wealth, many investors turn to a financial professional for help. Often this means  finding a financial advisor who offers asset management services. Asset management can cover a wide range of services to help you achieve your investment and financial goals. Hiring an asset manager does entail a fee, so it's important to understand what you can expect to get in exchange before moving forward. You can use SmartAsset's financial advisor… Read More...

Mar 16, 2020 Malta is a small five-island archipelago 100 miles south of Sicily, Italy. This Mediterranean nation and European Union member offers spectacular cities and crystal-clear waters. It’s no wonder retirees are flocking to this destination. But before you move thousands of miles, you should understand what it entails to retire in Malta. From the cost of living to healthcare to taxes, here’s a breakdown of what you can expect when retiring in Malta. Read More...

Mar 30, 2020 Thinking of starting a business in Wisconsin? The Badger State has a highly rated education system but a relatively heavy burden of regulation compared to other states. The combination makes it an enticing but challenging place to start a business. If you’re thinking of starting a business in Wisconsin, here’s what you need to know. Read More...

Mar 30, 2020 A decade ago Ohio ranked below average on many lists of state business climates. In recent years, however, the Buckeye State’s has risen considerably in such rankings. Still, Ohio has its share of unique regulatory, tax and other requirements for new businesses. If you’re thinking of starting a business in Ohio, here’s what you need to know. Read More...

Mar 14, 2020 NAFTA is dead. Long live NAFTA! In 2018 and 2019, the Trump administration announced that it had signed a renegotiated version of the North American Free Trade Agreement. The administration tried to rebrand the deal, the USMCA, and claim credit. But this deal isn't new or revolutionary. Read More...

Mar 14, 2020 When startups need funding, venture capital is one option they might consider. Getting funding from a VC firm can offer certain advantages to new businesses that may not be able to get approved for traditional loans. Thanks to the rise of crowdfunding, it's now becoming decidedly more mainstream. Read More...

Mar 14, 2020 Trusts can be a useful estate planning tool for creating wealth for future generations. They can offer legal protections against creditors while managing assets according to your wishes. They may may also enjoy certain tax advantages. However, a grantor trust may not be right for every investor. Read More...

Mar 16, 2020 The Great Wealth Transfer is coming. More than 10,000 baby boomers are turning 65 every day, and over the next 20 to 30 years trillions of dollars’ worth of wealth will transfer to their children. It will cause some changes for everyone. Need help planning your estate? Find a financial advisor today. Read More...

Mar 12, 2020 Don’t panic. At time of writing in March 2020, the stock market has posted some of its biggest losses and gains since the Great Recession. It's been a roller coaster: One day stocks posted their biggest one-day loss since 2008, followed the next day by prices rallying by 5%, followed the next day by another big dive. It has led some people to worry about an imminent recession.  But we’re not quite there. Read More...

Mar 10, 2020 South Dakota does not levy either an estate tax or an inheritance tax. However, there are other South Dakota inheritance laws of which residents should be aware, including rules governing intestate succession, probate, what makes a will valid and more. If you want professional guidance for your estate planning after reading this article, the  SmartAsset advisor matching tool can find you a financial advisor in your area. Read More...

Mar 10, 2020 North Dakota does not levy an estate tax or an inheritance tax. But North Dakota has other inheritance laws of which you should be aware, including rules concerning intestate succession, probate, taxes, what makes a will valid and more. If you want professional guidance for your estate planning after reading this article, the  SmartAsset matching tool will pair you with capable financial advisors in your area. Read More...

Mar 10, 2020 Kansas does not have an estate tax or inheritance tax, but there are other state inheritance laws of which you should be aware. In this detailed guide of the  inheritance laws in the Sunflower State, we break down intestate succession,  probate, taxes, what makes a will valid and more. If you want professional guidance for your estate planning after reading this article, the SmartAsset financial advisor matching tool can match you with local financial advisors who can help. … Read More...

Mar 10, 2020 Iowa does not have an estate tax, but it has an inheritance tax. In this article, we'll explore the details of this tax, and break down Iowa's other inheritance laws, including the probate process, what happens if you die without a valid will and where you may stand if you’re not part of the decedent’s immediate family. If you want professional guidance for your estate planning after reading this article, the SmartAsset matching tool will pair you with capable financial advisors in your area who will assist you throughout this process. Read More...

Mar 10, 2020 In 2018, roughly 930,000 people ages 60 and older moved across state lines, an increase of about 16% from five years earlier. Whatever reasons factor into their decisions, whether financial or personal, retirees must thoroughly consider the implications of moving, such as different tax rates and housing costs in new locales. That's why speaking to an expert advisor might be a smart course of action before jumping in. Read More...

Mar 07, 2020 Morningstar ratings are a system for evaluating the strength of an investment based on how it has performed in the past. On a scale of one to five stars, a Morningstar rating measures investments based on backward-looking data. The more stars, the better a fund or stock’s historic returns. Read More...

Mar 07, 2020 Investing in the stock market involves two main objectives: growth and income. Growth investments can increase in value over time. Income investments can put money into your pocket consistently. An income fund is one way to cash in on the benefits of income investing in a simplified way. Read More...

Mar 07, 2020 Determining how to allocate assets in your investment portfolio is important. A permanent portfolio allocation can minimize the impact of economic changes on your investments. The concept, developed by investment advisor Harry Browne, takes a simplified approach to asset allocation. Read More...

Mar 07, 2020 Working with a financial advisor can help you get a better handle on your investments and other assets. Some prefer a turnkey asset management program or TAMP for handling their client's assets. It's important to understand what a TAMP could mean for you and your portfolio. Read More...

Mar 07, 2020 When determining which stocks to invest in consider trading volum among your criteria. For example, you might decide to focus on high volume stocks. You may prefer lower volume when making investment decisions. Tracking stock volumes can help you choose what to buy (or sell) in your portfolio. Read More...

Mar 06, 2020 Participating preferred stock may be the most desirable security for an equity investor to own. Shareholders who own preferred stock generally receive any payments made by the underlying company, such as dividends and liquidation, before most other shareholders. Depending on the nature of the stock they might also collect higher payments. Read More...

Mar 06, 2020 A quantitative analyst uses mathematical models to review data, draw conclusions and make recommendations for businesses and investment firms. Their skills enable them to help retailers decide what products to put on the shelves and help investment banks decide what securities to put on the market. However, their core job is always the same: Draw conclusions about what will happen in the real world based on numbers. Read More...

Mar 06, 2020 While many retirees flock to warmer climates like Florida, others venture much farther south, with Chile one popular destination. From Mediterranean-like weather in the nation's north, stunning mountains and numerous fjords in the south and a highly regarded wine industry, Chile has a lot to offer retirees. So, if your dream is to retire in this Spanish-speaking country of about 18 million people, here are key facts to be aware of before you make that move. It's a good idea to consult with a financial advisor about your retirement plans. Find an advisor today. Read More...

Mar 06, 2020 As one of the most welcoming and mysterious countries in Southeast Asia, Vietnam has a lot to offer retirees. With over 2,000 miles of coastline, small fishing villages, and ancient Buddhist temples, Vietnam is a popular retirement destination for those seeking tranquility on a budget. But, before you take the leap and retire in Vietnam, it’s important to understand what the move entails so you can properly plan an overseas retirement. Read More...

Mar 06, 2020 Malaysia has a lot to offer retirees, from its sandy beaches to its extensive rainforests to its dazzling capital city of Kuala Lumpur. On top of all this, it also boasts relatively  inexpensive living costs, so it’s no wonder retirees are heading to Malaysia. If you want to retire in this southeast Asian nation, you’ll need to understand things like the culture, visa laws, taxes, and more. Here's a summary of what you should know about retiring in Malaysia. Read More...

Mar 30, 2020 Thinking of starting a business in Michigan? Thanks to its fabled automotive industry, technology and innovation are some of its strong points. The Wolverine State also has one of the lowest costs of living in the nation. Here's what you should know, including business licenses and tax requirements, to launch a business. Many financial advisors specialize in helping business owners with their finances. Find a local financial advisor today. Read More...

Mar 30, 2020 Texas is often at or near the top of states for business climate. The Lone Star State has both the second-largest population and economy after California, and it offers low business costs, no state income tax and strong growth. At the same time, only 83 percent of Texas adults have a high school diploma, according to the Census Bureau, and despite the economy's increasing diversity, oil price changes have a big effect on the state's economy. If you're planning on starting a business in Texas, here's what you need to know. Read More...

Mar 04, 2020 New Hampshire does not charge an inheritance or estate tax. But if you inherit an estate from someone who lived in a state that does have such taxes, you may still have to pay it. In this detailed guide of New Hampshire’s inheritance laws, we break down intestate succession, probate, taxes, what makes a will valid and more. If you’d like professional guidance on your estate planning, or just need help investing your inheritance, you can use  SmartAsset’s advisor matching tool to find a financial advisor in your area. Read More...

Mar 04, 2020 Montana does not charge an inheritance tax, nor does it tax the estates of decedents who were residents of the state (or who owned property within its borders). In this detailed guide of Montana’s inheritance laws, we break down intestate succession, probate, taxes, what makes a will valid and more. If you’d like professional guidance on your estate planning, or just need help investing your inheritance, you can use  SmartAsset’s advisor matching tool to find a financial advisor in… Read More...

Mar 03, 2020 Idaho has no state inheritance or estate tax. However, like all other states, it has its own inheritance laws, including the ones that cover what happens if the decedent dies without a valid will. This article goes over topics that include probate, how to successfully create a valid will in Idaho, and what happens to your property if you die without a will. If you want professional guidance for your estate planning after reading this article, or just need help investing your inheritance, it's a good idea to work with a financial advisor. The SmartAsset advisor matching tool can… Read More...

Mar 09, 2020 Connecticut has no inheritance tax but it does have its own estate tax. In this article, we break down the Constitution State's inheritance laws, including what happens if you die without a valid will, probate, what makes a will valid and more. If you want professional guidance for your estate planning after reading this article, the SmartAsset matching tool will pair you with capable financial advisors in your area. Read More...

Mar 03, 2020 Uruguay has become a popular retirement destination due to its warm climate and affordable living. This South American country is located between Argentina and Brazil and is known for its friendly citizens and rich culture. Not surprisingly, it's a global favorite for retirees. If retiring in Uruguay piques your curiosity, there are some details you'll want to know first, from the cost of living to healthcare to immigration laws. Read More...

Mar 03, 2020 Want to skip cramped commercial airplane seats? Tired of long lines at the airport? Or have you just always dreamed of flying? If so, you may be interested in buying an aircraft and becoming part of the nation's general aviation community. While owning a plane is expensive, that doesn't mean it's exclusive to the rich and famous. But before you get started in the world of airplane ownership, you need to consider many factors, including costs, maintenance and more. Read More...

Feb 28, 2020 You may want to set up power of attorney if you'd like someone else  to make decisions on your behalf. Special power of attorney has a narrow scope. It grants someone the right to act for you in certain situations. It can be helpful in financial decision-making. Here's how it works. Read More...

Feb 28, 2020 Are you thinking of retiring in Australia? The Land Down Under makes for an appealing retirement destination, with its nautical culture, beautiful coastal areas and first-world amenities. But as with any overseas retirement, there are some details you need to be aware of, from the cost of living to medical care options to immigration laws. Here's what you need to know. Read More...

Mar 04, 2020 Selling securities or financially advising clients requires a license, and which license a professional needs depends on a number of factors, including what type of securities are being offered for sale, what type of financial transaction is being conducted and the advice being given. The Financial Industry Regulatory Authority ( FINRA) handles the procedures for a number of securities licenses. FINRA sets qualifications for each license and oversees the exams for each one. Here’s a breakdown of the main securities licenses. Read More...

Feb 28, 2020 Want to retire to a country known for lush landscapes and friendly locals? If so, you may want to consider Colombia. It's become a favorite destination among American retirees in the last decade. Before you pack up your life to retire in Colombia, though, there are some details you'll want to be aware of, including the cost of living, immigration laws, health care and more. Here's what you need to know. Read More...

Mar 30, 2020 Florida enjoys a business-friendly regulatory environment and its population is growing -thanks, in part, to warm weather and lack of income tax. This can translate into rising demand for goods and services, making the Sunshine State is an attractive place to start a business. But before you start a business, there are certain things you should know, including business license and registration requirements. Read More...

Mar 30, 2020 As the nation’s most populous state, with a $3 trillion economy, California is an appealing place to start a business. But while the massive economy presents plenty of opportunities for business owners, there are also plenty of regulations that they'll need to know about. If you're thinking of starting a business in California, there's a lot you should know going in, including business licenses, taxation and other rules and requirements. There are also best practices that any business owner should keep in mind before they get started. Here’s what you need to know. Read More...

Mar 04, 2020 When it’s time to retire, many U.S. retirees head south. While many stop in Florida or other southern U.S. states, some keep going for destinations in Central America or South America. One popular destination is Peru, where visitors and retirees come to enjoy beautiful beaches, delicious food, low cost of living and the breath-taking vistas of Machu Picchu. Read More...

Feb 28, 2020 Estate planning can help you manage your investments and other assets to minimize taxes during your lifetime and beyond. A dynasty trust is one vehicle you can use to create a financial legacy for multiple generations. Here's more on what a dynasty trust is, how it works and its potential benefits. Read More...

Feb 28, 2020 Scenario analysis can help forecast investment performance, based on different factors and situations. This strategy could help with managing risk and potentially increasing returns. However, it's important to understand how scenario analysis works before applying it to your investments. Read More...

Feb 28, 2020 Workplace retirement plans, such as a 401(k) or pension plan, often have a lengthy list of rules and regulations. An investment committee often determines how to manage those retirement plans. Learn the role and investment committee plays in retirement and investment planning. Read More...

Feb 27, 2020 Funds want to be Lipper leaders. They want to beat a Lipper Average. But what the heck is it? It's a way to classify funds based on their performance. A 1-to-5 scale separates Lipper losers from "Lipper Leaders." Here's how the Lipper Average works, who uses it, and how it may help your finances. Read More...

Feb 27, 2020 Pooled funds aren’t uncommon in investing. Traded, pooled funds include mutual funds, exchange-traded funds (ETFs) and hedge funds. However, some pooled funds avoid market trading, including direct participation programs (DPPs). Here’s what you need to know about DPPs. Read More...

Feb 26, 2020 Hawaii is has no inheritance tax, but it is one of 12 states with an estate tax. In this detailed guide of the Aloha State's inheritance laws, we examine this estate tax, along with other key inheritance laws, including rules governing intestate succession, probate and what makes a will valid. Remember, though, that estate planning is a complex endeavor, and many choose to work with a financial professional to navigate the details and manage their inheritance. You can use  SmartAsset’s advisor matching tool to find a financial advisor in your area. Read More...

Feb 26, 2020 Unless you buy and sell specific securities on your own, it's likely that you are paying fees to one or more  investment managers for handling your investments. If you buy shares in a mutual fund, the manager of that fund will receive fees in exchange for choosing investments for the fund. So, too, will a financial advisor who buys and sells securities for a specific client's individual portfolio. In either case, investment management fees can take a chunk out of your returns. To ensure you aren't overpaying for investment management, here's a breakdown of how these fees work, what they… Read More...

Feb 26, 2020 Buying and selling shares of company stock isn't illegal. But what about when you do it for a company you work for or otherwise interact with? Insider trading can be tricky. One wrong move can turn savvy trading into illegal trading. Here’s the difference between good versus bad insider trading. Read More...

Feb 25, 2020 An investment company is a company that invests pooled assets in securities. Some of the biggest financial services companies are investment companies. Major players them include Vanguard, Fidelity and Charles Schwab. Here's how these companies operate and how they can work for you. Read More...

Feb 25, 2020 When you get 80% of your results from 20% of your customers, that's the 80 20 Rule in effect. The 80/20 rule helps businesses find areas that have the most impact. This allows those business to focus their efforts and resources on those areas. Here's how the 80/20 rule can affect your business. Read More...

Feb 25, 2020 Who owns your real estate, investment accounts, bank accounts and other assets?. Being joint tenants with right of survivorship with someone else gives each of you ownership rights to assets. That's helpful if one of you passes away. Here's how it works and what to know if you're opening joint accounts. Read More...

Feb 25, 2020 “Did I get a good price?” Anyone who has traded a security has asked themselves this question. Did you buy when the stock was low enough? Did you sell right before it peaked? Did you get it wrong entirely and buy at the stock’s peak or sell when it had bottomed out? There is no clean answer to that question. But a metric called volume weighted average price (VWAP) is a good place to start, because it values shares on both their price and trading volume. Read More...

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