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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 Sep 25, 2019

Buying your first home is an intimidating and expensive process, and one that will ultimately have a big impact on your financial plan. That’s why the federal and Washington state governments have created programs to help first-time homebuyers. Read more

by Elizabeth Smith Sep 25, 2019

Thinking about joining the eight million people who call Virginia home? Before you buy a home in Old Dominion, you may want to consider some of the mortgage programs that make it easier to get a mortgage. Many are specifically built for first-time homebuyers. Options from both the federal and Virginia state governments help make homeownership more accessible and affordable. Look over the options listed below and consider working with a financial advisor to decide which is best for you. Read more

by Elizabeth Smith Apr 20, 2022

Dramatic landscapes, mild winters and a relatively low cost of living are drawing an increasingly diverse population to the state of Arizona, including new parents and retirees. In fact, it’s one of the 10 fastest-growing states in the country. If you’re thinking about buying a home in the Grand Canyon State, we suggest looking into these first-time home buyer programs of the federal and Arizona state governments. If you need guidance in the homebuying process, consider enlisting the help of a financial advisor. Read more

by Elizabeth Smith Apr 25, 2022

Median home prices in Illinois are nearly 20% lower than the national average, which makes homeownership a great option, especially outside of the Chicago area. First-time homeowners may also get a… Read more

by Elizabeth Smith Sep 25, 2019

Buying your first home can be an intimidating and expensive process. That’s why the federal and Ohio state governments have created loan and mortgage programs specifically for first-time homebuyers.… Read more

by Elizabeth Smith Sep 25, 2019

Purchasing your first home can be intimidating. In Maryland, where there’s no county with an average list price under $100,000, it can be expensive, too. As you go through the homebuying and mortgage… Read more

by Elizabeth Smith Sep 25, 2019

Between breathtaking natural beauty, a burgeoning craft beer scene and a plethora of job opportunities, there are plenty of reasons to move to Colorado. Unfortunately, home prices in the Centennial… Read more

by Elizabeth Smith Jan 18, 2019

Online banks offer some of the best interest rates in the industry. They also tend to raise a few eyebrows. In most cases, they’re just like any other bank only without physical branch locations.… Read more

by Elizabeth Smith Apr 07, 2022

There’s a lot you have to plan and save for when thinking about your future. Saving for retirement should be at the top of your list. But if you’re planning on buying a home or having a family at… Read more

by Elizabeth Smith Jun 18, 2018

A checking account provides a great tool for money management, keeping your money both safe and easily accessible. However, many banks and credit unions charge a fee to own a checking account. These… Read more

by Elizabeth Smith Jan 21, 2020

When you’re getting started with investing, it’s important to research the options available to you. One such option, known as socially responsible investing (SRI), enables you to grow your money… Read more

by Elizabeth Smith Jan 20, 2022

Since pensions have become less common, many Americans now rely on employer-sponsored, defined contribution plans like 401(k)s or 403(b)s to cover their retirement needs. In fact, the Investment… Read more

by Elizabeth Smith Mar 12, 2020

Everyone has to plan for retirement, but most retirement conversations revolve around 401(k) plans. While ideal for retirement savings, you can only have a 401(k) plan as an employee of a private… Read more

by Elizabeth Smith Dec 12, 2019

Per stirpes is a legal term of Latin origin (translated as “by roots” or “by branch”) that has to do with the transfer of your assets after you pass away. Specifically, it comes into play when the… Read more

by Elizabeth Smith Dec 09, 2019

About one in five people in the United States collects Social Security benefits each month, according to the National Academy of Social Insurance. Though Social Security benefits provide some income… Read more

by Elizabeth Smith May 03, 2022

For 2022, the annual gift tax exemption is $16,000, up from $15,000 in 2021. This means you can give up to $16,000 to as many people as you want in 2022 without any of it being subject to the federal… Read more

by Elizabeth Smith Jan 11, 2022

As you get older, there are two major things that you should consider. One is retirement. Having the necessary retirement savings and a financial plan will allow you to live the kind of life you want… Read more

by Elizabeth Smith Sep 07, 2021

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.… Read more

by Elizabeth Smith Apr 29, 2022

While the services of financial advisors and financial planners often overlap, they each have distinctive areas that they tend to focus on. Many financial advisors offer financial planning, but… Read more

by Elizabeth Smith May 10, 2022

The 2019 Survey of Consumer Finances (SCF) found that the average inheritance in the U.S. is $110,050 for the middle class. Yet an HSBC survey found that Americans in retirement expect to leave… Read more

by Elizabeth Smith May 02, 2022

A financial consultant is essentially the same as a financial advisor. They often offer a number of services, with their financial advice being based on the client’s specific needs and goals. In some… Read more

by Elizabeth Smith Mar 25, 2022

In the world of business and finance, disclosures are information reports that companies – public corporations, financial advisor firms, brokerages – might prefer to keep private. Governmental and… Read more

by Elizabeth Smith May 10, 2022

The Social Security Administration defines full retirement age between 65 and 67, depending on your year of birth. Your employer may say something different. Deciding when to retire is one of the… Read more

by Elizabeth Smith Apr 14, 2022

Traveling abroad can be expensive. Besides renewing your passport, booking your flight and arranging accommodations, you have to pay for transportation, food and any experiences you may want to check… Read more

by Elizabeth Smith Sep 07, 2021

Saving for retirement is important for people of all ages, with a 401(k) being a particularly popular option. However, this standard account type may not always be enough. That’s where an individual… Read more