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Elizabeth Smith

Credit Card, Savings and Retirement Expert

Liz Smith is a graduate of New York University and has been passionate about helping people make better financial decisions since her college days. Liz has been writing for SmartAsset for more than four years. Her areas of expertise include retirement, credit cards and savings. She also focuses on all money issues for millennials. Liz's articles have been featured across the web, including on AOL Finance, Business Insider and WNBC. The biggest personal finance mistake she sees people making: not contributing to retirement early in their careers.

Posts by Elizabeth Smith:

by Elizabeth Smith May 08, 2018

When it comes to accessing your various bank accounts, ATMs offer a big convenience. This is especially true when you bank with an institution that offers thousands of ATMs all over the world. According to data from the World Bank, there were around 47 ATMs per 100,000 adults in the world in 2016. Despite their geographic convenience, using an ATM can actually cost money, depending on your bank and the ATM you use. Read more

by Elizabeth Smith May 15, 2018

Even if you understand every tax law and investment strategy out there, it’s always helpful to get support from an expert. Luckily, there are plenty of financial professionals eager to offer their counsel. In fact, the Financial Industry Regulatory Authority (FINRA) defines 183 professional designations on its website. Some titles are more generic while others require specific experience and educational qualifications. Financial advisors and financial planners are two of the most popular titles. Read more

by Elizabeth Smith Apr 24, 2018

The Survey of Consumer Finances (SCF) found that the median inheritance in the U.S. is $69,000. Yet an HSBC survey found that Americans in retirement expect to leave nearly $177,000 to their heirs. As it turns out, the passing of property and assets doesn’t always go as expected or planned. Plus, though it may seem like a windfall, getting an inheritance is rarely as easy as depositing a check. Read on as we explain exactly how inheritance works. Read more

by Elizabeth Smith May 15, 2018

Financial goals are like New Year’s resolutions: easier said than done. Building a financial plan can help bridge the gap between what you want to accomplish and what becomes a reality. A financial… Read more

by Elizabeth Smith May 15, 2018

Managing your finances doesn’t have to be a solo mission. Financial advisors provide expert advice and recommendations on everything from budgets to investments. In fact, industry experts say that… Read more

by Elizabeth Smith May 15, 2018

The U.S. Census Bureau states that the average American retires at age 63. Yet the Social Security Administration defines full retirement age as between 65 and 67, depending on your year of birth.… Read more

by Elizabeth Smith Mar 23, 2018

Traveling abroad can be expensive. Besides renewing your passport, booking your flight and arranging accommodations, you have to pay for transportation, food and all those incredible experiences you… Read more

by Elizabeth Smith Mar 19, 2018

Saving for retirement is important for people of all ages. Contributing to an employer-sponsored plan, like a 401(k) is one great way to save. It won’t always be enough though. Some employers don’t… Read more

by Elizabeth Smith Mar 16, 2018

Many of us have experienced that heart-sinking moment when you get to the ATM or cash register only to discover you don’t have your debit card. Perhaps you dropped it in the parking lot or someone… Read more

by Elizabeth Smith May 03, 2018

When it comes to financial health, it isn’t just about making more and more money. No matter how much money you’re making, you need to be saving a significant chunk of your funds. This comes in handy… Read more

by Elizabeth Smith May 18, 2018

When you start a new job, there’s a lot of paperwork to fill out, from direct deposit documents and benefits enrollments to various tax forms. But when you’re a contractor or self-employed, income… Read more

by Elizabeth Smith Apr 10, 2018

For most of us, payday doesn’t involve any actual cash. And keeping cash hidden at home isn’t exactly foolproof (think theft, fire, flood). That’s where checking accounts come in. Checking accounts… Read more

by Elizabeth Smith Apr 26, 2018

The interest you earn on a savings account is nice, but the accessibility of your funds in a checking account really can’t be beat. Have you ever thought about getting the best of both worlds?… Read more

by Elizabeth Smith May 18, 2018

Chances are, you’re pretty intimate with your checking account. This type of account is typically used for regular spending. You may even move money in and out of it multiple times a day. The best… Read more

by Elizabeth Smith May 18, 2018

Most of us rely on financial instruments to keep our savings safe, but it can be hard to know if you’re saving enough. Evaluating the average savings account balance across the country is a good… Read more

by Elizabeth Smith Jan 26, 2018

If you’re not entirely sure what a credit union is or what it does, you’re not alone. In fact, economic experts often refer to credit unions as the financial industry’s best-kept secrets. Credit… Read more

by Elizabeth Smith Jan 12, 2018

Investment banking is a division of banking focused on raising capital for companies, governments and other entities. Investment banks, which are typically private companies, may underwrite debt and… Read more

by Elizabeth Smith May 15, 2018

As you get older, you start thinking more about retirement distributions than contributions. One of the biggest questions that near-retirees have is the best age to start collecting Social Security… Read more

by Elizabeth Smith Dec 20, 2017

Any money that you put into your 401(k) is yours. But when it comes to employer match contributions, things work a little differently. To own any portion of your employer’s contributions, you’ll need… Read more

by Elizabeth Smith May 03, 2018

Advertiser Disclosure: The card offers that appear on this site are from companies from which SmartAsset.com receives compensation. This compensation may impact how and where products appear on this… Read more

by Elizabeth Smith Dec 15, 2017

Frequent travelers know that making a purchase overseas can cost more than the price tag indicates. Unless you have one of the best travel credit cards, you usually end up facing a couple of fees… Read more

by Elizabeth Smith Dec 08, 2017

Between Netflix dramas and bad press, working in Congress might seem like a walk in the park. Filibusters and government shutdowns tend to dominate the headlines. In 2017, the House of… Read more

by Elizabeth Smith May 15, 2018

Taking money out of a 401(k) is a big decision. The specifics of how to take money out of a 401(k) plan depend on your age, employer plan, whether you’re still working for the company that sponsors… Read more

by Elizabeth Smith Dec 18, 2017

You already know saving for retirement is important, but the best ways to do it arean’t always apparent. You’re likely familiar with the basics, like a 401(k) and a traditional IRA. But your goals… Read more

by Elizabeth Smith May 15, 2018

For a young, working person, it can be hard to imagine – and save for – the future. Retirement and death seem light years away. But it’s essential to calculate the savings you’ll need for retirement… Read more