Articles by Simon Zhen

Simon Zhen is the chief research analyst for MyBankTracker and an expert on consumer banking products, bank innovations, and financial technology. Simon has contributed and/or been quoted in major publications and outlets including Consumer Reports, American Banker, Yahoo Finance, U.S. News - World Report, The Huffington Post, Business Insider, Lifehacker, and AOL.com. Education: Education: B.S. in Health Sciences from Stony Brook University.

What Is an Umbrella Insurance Policy and Is It Right for You? What is an IRA? Traditional vs. Roth Photo of Simon Zhen Simon Zhen What is an IRA? Traditional vs. Roth Individual Retirement Account Way back in 1974, Congress passed a bill that... When Should I Start Saving For Retirement? Photo of Simon Zhen Simon Zhen When Should I Start Saving For Retirement? When should you start? Are you kidding me? You haven’t started already? You... How Much Money Will I Get From Social Security? Wondering how much money social security will get you. Here’s the answer: Not enough. So, what is the perfect age to start getting payouts? Avoid Debit Card Fraud By Not Swiping At These Places Being a victim of debit card fraud is avoidable by not swiping your debit card at these places, which could lead to credit card fraud. What Are Bonds and How to Invest in Bonds? Photo of Simon Zhen Simon Zhen What Are Bonds and How to Invest in Bonds? A bond is a debt security, similar to an I.O.U. There are several ways to invest in... Three Ridiculous Retirement Mistakes Photo of Simon Zhen Simon Zhen Three Ridiculous Retirement Mistakes People make mistakes. There’s no avoiding it. The key to success in retirement... How to Create a Budget? There is no on-size-fits-all type of budget. When creating a budget you need to tailor it to your needs and financial goals. Should I Rent or Buy? Understanding Buy and Hold Investment Strategy Photo of Simon Zhen Simon Zhen Understanding Buy and Hold Investment Strategy The “buy and hold” investment strategy is when an investor purchases stocks and...