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Chris Thompson

Mortgage, Credit Card, Savings and Retirement Expert

Chris Thompson is a retirement, savings, mortgage and credit card expert at SmartAsset. He has reviewed hundreds of credit cards and loves helping people find the one that best matches their financial needs. Chris is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society for Advancing Business Editing and Writing. He graduated from Montclair State University where he received the Journalism Achievement Award. Chris’ articles have been featured in places like Yahoo Finance, MSN and Bleacher Report. He lives in New Jersey and is a Mets, Jets and Nets fan.

Posts by Chris Thompson:

by Chris Thompson Oct 14, 2019

As you approach the estate planning process, you have many tools at your disposal. One such tool is a living trust. By creating a living trust, you can protect your assets and property and save your family from having to go through probate following your death. The considerations surrounding the creation of a living trust depend in part on your state’s laws. In this article, we’ll explore how to create a living trust in Connecticut. Like any legal document, living trusts can be complex, so it might be helpful to work with an estate planning lawyer. A financial advisor can work with your lawyer to ensure a living trust fits in with your overall financial plans. Read more

by Chris Thompson Oct 02, 2019

If you’re working on your estate plans, you may come across living trusts as a way to protect your assets so you can safely leave them for family and friends. The primary benefit of using a living trust instead of a will is that they can allow you to bypass the probate process. As probate rules differ considerably from state to state, though, the importance of avoiding probate will depend on where you live. This guide will walk Utah residents through the decision-making process; show the basics of creating a trust; and discuss related factors like taxes and other costs. Should you decide to move forward with a living trust, it would be wise to get an estate planning lawyer. It’s also a good idea to work with a financial advisor who can put together a financial plan and work with your attorney to incorporate your estate plan. Read more

by Chris Thompson Oct 02, 2019

A living trust is an estate planning tool that can simplify the passing on of your assets to your family. Each state tends to have its own rules as to how you can set up your own living trust as a resident. So if you live in Virginia, our detailed guide will go over whether or not a living trust is right for your situation, how you can create one and the costs and taxes associated with doing so. While it’s possible to set up a living trust and plan your estate yourself, it’s a good idea to work with an estate planning attorney and a financial advisor to get your finances and affairs in order. Read more

by Chris Thompson Feb 28, 2019

As you aspire toward a secure retirement and other financial milestones, investments become an increasingly important financial topic to know about. But those looking to gain knowledge about… Read more

by Chris Thompson Feb 27, 2019

A dividend reinvestment plan, or DRIP, is a vehicle that reinvests the money shareholders get from companies in cash dividends. Many investors favor DRIPs because of their ease, low-to-nonexistent… Read more

by Chris Thompson Sep 19, 2019

Investing can be an intimidating venture, but learning how to navigate the investment market is a life skill with plenty of upside. You can use the returns you earn from your investment portfolio to… Read more

by Chris Thompson Feb 11, 2019

Passive investing is a go-to strategy for long-term investors, because it capitalizes on the typical upward trend of the overall market over many years. Of course, there are many ways to do well in… Read more

by Chris Thompson Feb 05, 2019

Investing has the potential to be a lucrative financial endeavor, although there’s a fine line between success and failure. But as with most U.S. tax law, where money’s being made, you can surely… Read more

by Chris Thompson Sep 09, 2019

Both public and private corporations issue corporate bonds, which are a type of fixed income security. Corporations place these investments on the open market to help fund projects and other major… Read more

by Chris Thompson Aug 07, 2019

Walmart is a legendary American retail brand that was founded by Sam Walton in 1962. Although it started with just a single location in Rogers, Arkansas, Walmart has ballooned to more than 11,000… Read more

by Chris Thompson Nov 30, 2018

Although widely recognized as solely a technology brand, Samsung is actually more of a conglomerate. The South Korea based company extends into the financial services, tourism, science and machinery… Read more

by Chris Thompson Aug 23, 2019

Americans look forward to their golden years, but saving for retirement can be an intimidating undertaking. The long-term nature of this type of financial planning calls for good decision-making, so… Read more

by Chris Thompson Aug 07, 2019

Berkshire Hathaway is a long-standing holding company with many businesses under its ownership. Berkshire is one of the most sought-after stocks on today’s market, as chairman and investing legend… Read more

by Chris Thompson Aug 15, 2019

Mutual funds are companies that combine investors’ money in an effort to diversify their assets throughout specific areas of the market. So investing in a mutual fund is more than just buying into… Read more

by Chris Thompson Nov 27, 2018

Savings bonds are what seem like a relic of the past, but they are still very much alive. The U.S. Treasury Department issues these extremely low-risk investments to help fund various projects of the… Read more

by Chris Thompson Nov 29, 2018

Nike is one of the most prominent sportswear companies in the world. It has been in the spotlight in recent years for its direct participation in social issues. Most notably, Nike did an ad campaign… Read more

by Chris Thompson Nov 26, 2018

Municipal bonds, or “munis,” are debt security investments in the daily operations or long-term projects of a state, county, city or other government organization. Government entities themselves… Read more

by Chris Thompson Nov 29, 2018

The Walt Disney Company is an iconic part of the American childhood experience. And its influence extends internationally and to all age groups. The legendary Walt Disney began producing his animated… Read more

by Chris Thompson Jul 18, 2019

Higher education is pricier than ever, and tuition hikes don’t show any sign of slowing down. But 529 college savings plans and Roth IRAs both include benefits to help you save for your children’s… Read more

by Chris Thompson Oct 07, 2019

TD Ameritrade is a full-service brokerage firm that’s a fixture in the investment sphere. It was first established back in 1975. As a matter of fact, as recently as 2018, Kiplinger named TD… Read more

by Chris Thompson Oct 22, 2019

Merrill Edge is a brokerage firm that offers everything from self-sufficient investing to financial advisor consultations and robo-advisor services. The brokerage firm falls under the umbrella of the… Read more

by Chris Thompson Nov 14, 2018

Robinhood is a brokerage firm whose services are centered around its mobile and online trading platforms. In fact, the firm’s mobile app won a design award from Apple in 2015, and it holds an average… Read more

by Chris Thompson Aug 21, 2019

A bank branch is a physical location of a banking corporation, such as Chase, Bank of America or Wells Fargo. These buildings are technically referred to as “brick-and-mortar” branches, and they… Read more

by Chris Thompson Aug 15, 2019

The investment world is full of an overwhelming number of options, including equities, bonds, exchange-traded funds (ETFs) and more. Commodities may seem like just another one of the bunch, but these… Read more

by Chris Thompson Aug 21, 2019

Completely mobile banks are still a fairly new phenomenon in the mainstream banking world. Chime Bank and Simple Bank have already risen to become two of the main players in this youthful industry.… Read more