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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 16, 2022

If a financial planner or financial advisor is fee-only, that means they receive compensation solely from the fees clients pay from their services. They do not earn commissions or kickbacks for recommending certain products. A fee-only structure reduces potential conflicts of interest, which is why these types of advisors are often preferable. To find a financial advisor who serves your area, try SmartAsset’s free matching tool. Read more

by Elizabeth Smith May 03, 2022

For most of us, sending bills and receiving paychecks by mail are things of the past. We shop online, enroll in direct deposit, pay our bills, and file taxes online. If you have ever wondered what facilitates all these digital transactions, you’ve probably heard or read about three little letters with a big job: ACH, or Automated Clearing House. Here’s what you need to know about the ACH system. Read more

by Elizabeth Smith Jan 20, 2022

Catch-up contributions allow people age 50 or older to save more in their 401(k)s and individual retirement accounts (IRAs) than the usual annual contribution limits set by the IRS. The idea is to make up for the years you didn’t save enough, probably when you were young. Generally people earn more as they advance in years and in their career, which is why catch-up contributions start at age 50. If you have the extra money, it makes sense to make catch-up contributions – caps depend on the kind of retirement account. But how to allocate the money in your portfolio is not so obvious, particularly if you are near retirement age. For help figuring out the best retirement strategy for your needs, talk to a financial advisor. Read more

by Elizabeth Smith Sep 23, 2020

Investment banking is a sect of the banking industry focused on raising capital for companies, governments and other entities. Investment banks are typically private companies, and they may… Read more

by Elizabeth Smith Feb 05, 2019

It might seem easier to find a partner and plan a proposal than it is to buy the perfect engagement ring. In addition to being expensive, rings are seen as a symbol of love for your significant other… Read more

by Elizabeth Smith Aug 07, 2020

Unlike investing, trading requires a very active approach within the investment market. Rather than buying and holding assets to build wealth over the course of many years, a trader frequently buys… Read more

by Elizabeth Smith Apr 29, 2022

Setting up a trust fund is one of many ways you can transfer money, property, and other assets to your loved ones or worthwhile causes. Like a will, it’s an estate planning tool that outlines how… Read more

by Elizabeth Smith Jan 10, 2019

Nearly every business and organization has a website. Many individuals also choose to claim their own space on the internet. But before you build a website, you’ll need a domain name – a unique… Read more

by Elizabeth Smith Nov 29, 2021

It’s no secret: investing can be intimidating, and many people just don’t like the idea of “gambling” with their hard-earned savings. Luckily, there are some simple investment strategies that provide… Read more

by Elizabeth Smith Nov 27, 2018

Paying for college is a challenge, and rising tuition costs certainly don’t help. According to College Board, the average cost of a four-year private college has increased by more than $3,000 over… Read more

by Elizabeth Smith Jan 03, 2022

Being a landlord can significantly bolster your savings, but it’s also a lot of work. On top of the finances and responsibilities of your own living space, you have to find tenants, secure insurance… Read more

by Elizabeth Smith Oct 18, 2018

Most of us know that a savings account is a smart place to store money. Savings accounts have higher interest rates than checking accounts and, as such, help us earn more without sacrificing… Read more

by Elizabeth Smith Sep 25, 2019

Between vibrant cities like Nashville and quiet towns deep in the Appalachians, Tennessee has something for everyone. Life in the Volunteer State means steeping yourself in history, culture and… Read more

by Elizabeth Smith Sep 25, 2019

No matter where you hope to live in Louisiana, you’ll never be far from great music, delicious food and exciting activities. Unfortunately, picking a mortgage is much harder than picking a… Read more

by Elizabeth Smith Sep 25, 2019

With expansive plains, bustling river towns and below-average mortgage rates, we don’t blame you for wanting to plant your own roots in the Missouri. The purchase of buying your first home can be… Read more

by Elizabeth Smith Apr 25, 2022

Nevada has been of the fastest-growing states in the country over the past several years, which means a good amount of homebuyers looking to buy. But if getting a mortgage or paying a down payment is… Read more

by Elizabeth Smith Sep 25, 2019

Thanks to beautiful scenery, relatively affordable mortgage rates and robust economy, Idaho is an great destination for new homeowners. If you’re thinking about settling in the Gem State, check out… Read more

by Elizabeth Smith Mar 05, 2019

No matter where you hope to settle in Georgia, housing costs usually will be relatively affordable. Buying your first home can still be intimidating, of course. Georgia’s Department of Community… Read more

by Elizabeth Smith Mar 05, 2019

According to some studies, Indiana is one of the most affordable states to buy a home. But buying your first home in the Hoosier State could be an intimidating process. Between the inspections and… Read more

by Elizabeth Smith Mar 05, 2019

Purchasing your first home in the Hawkeye State can be intimidating and expensive. It will likely include financial situations and conversations you’ve never encountered before. Luckily, the federal… Read more

by Elizabeth Smith Sep 25, 2019

Maine is a state of fresh lobster, beautiful fall foliage and 3,478 miles of coastline. If you’re considering buying a home in the Pine Tree State, you should be aware of the special programs – from… Read more

by Elizabeth Smith Sep 25, 2019

With just plenty of historic charm and seaside beauty, Delaware cracks SmartAsset’s top 10 states for the middle class. If you’re hoping to buy a home there, be sure to check out the various… Read more

by Elizabeth Smith Sep 25, 2019

Both the federal and Oregon state governments offer loan programs in an effort to simplify the entire mortgage application process for newbies. There are a number of choices available, depending on… Read more

by Elizabeth Smith Sep 25, 2019

Both the federal government and Utah Housing Corporation sponsor first-time homebuyer programs and down payment assistance to help Beehive State settlers achieve homeownership. Some cater to low… Read more

by Elizabeth Smith Apr 25, 2022

Michigan’s economy has experienced its ups and downs over the last few decades. Population decline and the national housing crisis have driven prices and mortgage rates down, making it homeownership… Read more