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Sam Lipscomb

Credit Card, Savings and Retirement Expert

Sam Lipscomb is a writer for SmartAsset. His work spans a wide variety of personal finance topics with expertise including retirement, investing and savings. He is particularly well versed in credit cards. Sam has been featured in The Economist and on The Points Guy. He is a Certified Educator in Personal Finance (CEPF®). Sam graduated from Kenyon College with a degree in Economics and enjoys being a go-to resource for family and friends when it comes to personal finance. Originally from Washington, DC, Sam loves all things aviation and is a Cleveland sports fan. He currently lives in New York.

Posts by Sam Lipscomb:

by Sam Lipscomb Aug 30, 2022

When it comes to getting ready for retirement, there are many questions surrounding Social Security. Some of the most important include deciding how Social Security payments will fit into your overall retirement income plan and figuring out when to start taking them. Luckily, there are many available resources that can provide help. One common option includes working with a financial advisor who specializes in Social Security and retirement planning. Before you meet with an advisor, though, be sure you have a game plan and a rough estimate of your needs. Read more

by Sam Lipscomb Aug 30, 2022

In order for someone to be considered an “ultra-high-net-worth individual,” they typically need to have at least $30 million worth of net investable assets to their name. However, this isn’t really a legal definition. As the name suggests, ultra-high-net-worth individuals are the wealthiest people on the planet, including the world’s billionaires. These individuals sit significantly above those who are considered high-net-worth individuals. The number of ultra-high-net-worth individuals continues to grow, and the demographics of these individuals are constantly shifting, according to several journals and studies around the world. For help with your investing and financial planning questions, consider using SmartAsset’s free financial advisor matching tool. Read more

by Sam Lipscomb Jul 06, 2022

Annuities are popular financial products that often guarantee income throughout the course of your retirement. While you may even have access to customizable features and riders, you’ll likely have to pay high fees and may also end up taking home less than you would by investing your money elsewhere. Note that those who sell annuities often receive extremely high commissions for doing so, though. If you’re thinking about an annuity and crafting a retirement plan, consider speaking with a financial advisor. Read more

by Sam Lipscomb Jul 06, 2022

A lot of people think that estate planning and writing a will are the same, but one is actually just part of the other. Simply put, an estate plan is a broader plan of action for your assets that may… Read more

by Sam Lipscomb Mar 22, 2022

Financial advisors are professionals who work with clients to help them with their finances and investments. Advisors may work with clients holistically to develop broad financial plans, or they can… Read more

by Sam Lipscomb Mar 07, 2022

When it comes to working with an advisor to help manage your finances, there are lots of options at your disposal. Robo-advisors, for instance, are a very popular option when it comes to getting… Read more

by Sam Lipscomb Feb 24, 2022

While markets have boomed over the past 10 years, a recent study by PricewaterhouseCoopers shows that Millennials and Gen Z-ers have been experiencing considerable financial strain. This includes… Read more

by Sam Lipscomb Feb 24, 2022

A financial planner can be a powerful force for good, helping you set and reach financial goals. But do you really need a financial planner? Many people forgo the option of working with a financial… Read more

by Sam Lipscomb Feb 22, 2022

With so many online resources to choose from, finding a financial advisor has become easier. However, there’s a lot to sift through when it comes to picking one. Every financial advisor tends to have… Read more

by Sam Lipscomb Feb 17, 2022

When it comes to saving and investing for retirement, one of the biggest challenges is figuring out how much money you’ll need to live out the rest of your life comfortably. There’s no telling how… Read more

by Sam Lipscomb Feb 02, 2022

This week, the U.S. Securities and Exchange Commission voted in favor of proposing rule amendments that would expand reporting requirements for private funds such as hedge funds and private equity… Read more

by Sam Lipscomb Jan 26, 2022

Most Americans have heard stories about surprise medical bills that can cost unknowing patients thousands of dollars for what they may have thought were simple or necessary procedures. However, the… Read more

by Sam Lipscomb Jan 18, 2022

A recent study done across several different age groups throughout the country revealed a troubling finding about financial literacy among Americans. The study, which surveyed a total of 3,389 adults… Read more

by Sam Lipscomb Jan 11, 2022

On Monday, Jan. 10, the Treasury Department announced that the IRS is facing significant challenges this year due to budget concerns and issues caused by the COVID-19 pandemic. Officials are warning… Read more

by Sam Lipscomb Jan 06, 2022

If you’ve begun saving for retirement, there’s a good chance you’ve heard of target date funds. They’re a common investment vehicle, often used in employer-sponsored retirement plans like 401(k)s or… Read more

by Sam Lipscomb Dec 01, 2021

Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from… Read more

by Sam Lipscomb Nov 16, 2021

Crypto investors better look up from their Coinbase and Gemini apps. Changes are afoot. President Joe Biden signed into law a $1.2 trillion infrastructure spending package on Nov. 15, and though the… Read more

by Sam Lipscomb Nov 05, 2021

It’s no secret that cryptocurrencies are an extremely popular asset class. They’re also a cultural phenomenon that has changed the way many retail investors save and plan for the future. In the past,… Read more

by Sam Lipscomb Oct 29, 2021

With proposed legislation to raise income taxes and capital gains taxes circulating in Washington, D.C., municipal bonds have become an attractive option for investors seeking tax-free income and low… Read more

by Sam Lipscomb Oct 21, 2021

Is your mind playing tricks on you when it comes to investing? It’s no secret that everyone should be investing for the future. Even if you’re extremely risk-averse, investing your savings in stable… Read more

by Sam Lipscomb Oct 13, 2021

While some may use the terms private banking and wealth management interchangeably, there are important differences between them. Wealth management typically involves tailored financial planning… Read more

by Sam Lipscomb Oct 13, 2021

Being self-employed has a multitude of benefits. While you can be your own boss and enjoy the flexibility and agency that comes along with this style of employment, there are certain things that aren… Read more

by Sam Lipscomb Oct 11, 2021

When it comes to the world of finance, there’s no shortage of male presence. There are far more male CEOs of Fortune 500 companies than there are females, and the financial industry is dominated by… Read more

by Sam Lipscomb Oct 08, 2021

Normally when you hear the word tax haven, the typical places spring to mind. The Cayman Islands, Switzerland, Panama and the Bahamas are all tax havens, but over the course of the past decade South… Read more

by Sam Lipscomb Jul 20, 2022

When it comes to investing online or on your phone, Stash, Acorns and Robinhood are three names at the top of the industry. Each was designed to simplify investing for retail investors, offering… Read more