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.

Asset Allocation vs. Diversification Investment Strategies While similar, “diversification” and “asset allocation” offer different investment strategies. When Choosing a Credit Card With a Higher APR Makes Sense Photo of Simon Zhen Simon Zhen When Choosing a Credit Card With a Higher APR Makes Sense One of the most perplexing questions that prospective credit card applicants ask... How Much Should You Contribute To 401k Plan? Photo of Simon Zhen Simon Zhen How Much Should You Contribute To 401k Plan? It’s the question that seemingly drives the entire investment industry -- how much... What Is an Umbrella Insurance Policy and Is It Right for You? What is an IRA? Traditional vs. Roth Traditional IRAs and Roth IRAs are two types of IRAs for savings for retirement. Both offer different types of tax benefits, so choose wisely. 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? Photo of Simon Zhen Simon Zhen How Much Money Will I Get From Social Security? Wondering how much will you get from Social Security? Here's the answer: Not... 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? 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...