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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 Sep 03, 2020

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 local 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 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… 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 Dec 17, 2019

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 Feb 04, 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 Aug 24, 2020

Known for its size, success and seeming ubiquity, Walmart is a discount retailer that has had a tremendous run on Wall Street. Founded by Sam Walton in 1962, the corporation went public in 1970,… 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 Mar 18, 2020

With Warren Buffet at the helm of Berkshire Hathaway, its stocks (BRKA and BRKB) are among the most well-known on today’s market. The company is a holding company that either owns other businesses or… 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 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 Aug 26, 2020

If you had to name one company that exemplifies American ingenuity, taste for fun and market domination, it would probably be … well, Apple. But long before Apple, there was the Walt Disney Company.… 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 Feb 24, 2020

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 24, 2020

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 Jan 15, 2020

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