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Chris Thompson

Mortgage, Savings, Retirement and Investing Expert

Chris Thompson is a retirement, savings, investing and personal finance expert at SmartAsset. He has reviewed hundreds of financial products and financial advisors in an effort to help people improve their financial lives. 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 Aug 19, 2022

If you make money from just about any source, you’re likely to find Uncle Sam nearby. It’s true of money you earn from a job, and it’s true of money you earn from investments – whether that’s stocks, real estate or collectibles. Any profit you earn from selling an investment is known as a capital gain, and the tax on this form of income is called the capital gains tax. Depending on how long you’ve held the asset before selling it, you’ll be taxed at either the short-term or long-term capital gains rate. In this article we’ll explain how the capital gains tax works, the difference between long- and short-term capital gains, the rates you’ll pay on the federal and state levels, and how to minimize the tax impact on your investments. A financial advisor can help you tax-optimize your investment portfolio. Find a financial advisor today. Read more

by Chris Thompson Feb 09, 2022

A 401(k) rollover is the process by which you move the funds in your 401(k) to another retirement account – usually either an IRA or another 401(k). A 401(k) rollover typically happens when you leave your employer, either to retire or to start a new job. There are certain regulations you need to follow when rolling over your assets, most notably the 60-day rule. And you will also need to choose a new financial institution to house your account when you roll over your money into an IRA. If you’re considering a 401(k), a financial advisor can help you set up a retirement plan for your nest egg. Let’s break down everything you need to know about 401(k) rollovers. Read more

by Chris Thompson Mar 18, 2022

Self, formerly known as Self Lender, is a financial services company that offers two different products aimed at helping customers with bad or little credit. Its premier offering, called the Credit Builder Account, allows you to receive a credit-building loan in the form of a certificate of deposit (CD) that matures once you complete your payments. The company also offers a credit-building credit card. These products are offered along with robust mobile and online account management services. Do you have financial questions that go beyond your credit score? Speak with a financial advisor today. Read more

by Chris Thompson Jan 08, 2020

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… Read more

by Chris Thompson Feb 28, 2022

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… Read more

by Chris Thompson Sep 14, 2022

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… Read more

by Chris Thompson Feb 12, 2020

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 Jan 08, 2020

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 05, 2020

Passive investing – also referred to as passive management – is an investing strategy that involves buying and holding investments for a long period of time, rather than making frequent trades to try… Read more

by Chris Thompson Apr 20, 2022

Investing has the potential to earn you great returns – but where money’s being made, you can surely find Uncle Sam nearby. Accordingly, the net investment income tax (NIIT) will take a 3.8% bite out… Read more

by Chris Thompson Nov 11, 2020

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 Apr 08, 2022

Known for its size, success and seeming ubiquity, Walmart (ticker symbol: WMT) is a discount retailer that has had a tremendous run on Wall Street. Founded by Sam Walton in 1962, the corporation went… 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 Jan 14, 2022

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 May 03, 2022

Since hitting a three-year low in June 2020, shares of Berkshire Hathaway (BRK-A and BRK-B) have been climbing and investors are pouring over its annual letter for clues as to why. It’s often said… Read more

by Chris Thompson Nov 19, 2021

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 Oct 29, 2020

The most common way to buy savings bonds is to go straight to the US Government, and as of a few years ago, it can only be done online. Though savings bonds may not be as flashy as some other… Read more

by Chris Thompson Aug 26, 2020

Nike stock represents a tiny portion of ownership in Nike — one of the most prominent sportswear companies in the world. This means that when you purchase Nike stock, you own a part of the company… 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 Sep 13, 2022

If you had to name one company that exemplifies American ingenuity, taste for fun and market domination, many would say it’s the Walt Disney Company. An iconic part of the collective American… Read more

by Chris Thompson Jan 21, 2022

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 Feb 26, 2021

TD Ameritrade is a full-service brokerage firm. It’s a fixture in the investment space, with its predecessor firm, First Omaha Securities, Inc., first opening for business in 1975. TD Ameritrade… Read more

by Chris Thompson Feb 26, 2021

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 Jul 01, 2021

Robinhood is a brokerage firm whose services are centered around its mobile and online trading platforms. One of Robinhood’s principal attractions is a complete lack of commission fees for all… Read more