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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 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 investments like exchange-traded funds (ETFs) or bonds will likely yield significantly higher returns than stashing your money away in a bank account. But there are risks to investing that don’t just stem from natural market fluctuations. A recent study by Charles Schwab revealed that over the past year, advisors have noticed an uptick in behavioral biases when it comes to their clients’ investment strategies. There are, then, psychological underpinnings to your investment pitfalls. It’s not a huge surprise. With investment developments like the rise of meme stocks, more people are looking to their investments as a way to get rich quick. While these kinds of mindsets pay off for some, they can have financially devastating consequences for others. That’s why it’s a good idea to take a step… 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 services, investment management or a combination of both. Private banking usually entails a variety of retail banking services that are typically reserved for high-net-worth or ultra-high-net-worth clients. This may include personalized handling and management of banking, retirement and other accounts, as well as dedicated customer support from the bank. If you’re interested in working with an institution that can provide private banking or wealth management services, a financial advisor can help. 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’t as readily available. This includes employer sponsored healthcare and 401(k) matching programs. This lack of structured benefits has the potential to make saving for retirement more difficult for entrepreneurs. However, those who choose to be self-employed actually have a number of solid retirement savings options. A financial advisor can  also help you pick a retirement plan for your needs and goals. 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 Oct 11, 2021

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

by Sam Lipscomb Sep 30, 2021

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… Read more

by Sam Lipscomb Sep 23, 2021

Financial advisory services could include investment portfolio management, financial planning, tax planning, estate planning and even financial coaching. Simply put, a financial advisor can help you… Read more

by Sam Lipscomb Sep 22, 2021

Annuities are a contract between an individual and an insurance company that provides a guaranteed income stream for a certain period of time, and sometimes even a lifetime. You pay into an annuity… Read more

by Sam Lipscomb Sep 16, 2021

Whether you’re giving money as a gift to an organization, individual or family, it’s important to know the ins and outs of the process. It might seem straightforward, but there are a number of things… Read more

by Sam Lipscomb Sep 14, 2021

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… Read more

by Sam Lipscomb Sep 15, 2021

House Democrats have proposed legislation that could end Trump tax cuts for the wealthy and corporations. If passed, this could implement some of the biggest tax increases in decades. But while these… Read more

by Sam Lipscomb Sep 13, 2021

Life insurance policies, specifically whole life insurance and variable universal life insurance, continue to skyrocket in popularity. While this upward trajectory in the life insurance market has… Read more

by Sam Lipscomb Sep 10, 2021

It’s no secret that Vanguard, Fidelity and Charles Schwab are three of the most popular and well-known brokerage firms. These financial institutions are also some of the largest, offering a wide… Read more

by Sam Lipscomb Sep 02, 2021

A family office is a firm that provides comprehensive wealth management services to a single individual or family. A multi-family office simply expands on the same concept. Instead of working with… Read more

by Sam Lipscomb Sep 02, 2021

Wealth management services are some of the most high-level and comprehensive financial services that exist. While financial planning services can help with individual financial matters, and asset… Read more

by Sam Lipscomb Aug 27, 2021

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… Read more

by Sam Lipscomb Aug 12, 2021

When it comes to trusts, most people are familiar with individual trusts, trust funds or family trusts that are connected to an individual or family. But another type of trust exists for… Read more

by Sam Lipscomb Oct 14, 2021

While estate planning and writing a will often go hand in hand, they’re actually entirely different terms. Simply put, an estate plan is a broader plan of action for your assets that may apply during… Read more

by Sam Lipscomb Jun 24, 2021

Bisq, formerly known as Bitsquare, is a decentralized cryptocurrency exchange with servers located around the globe. Bisq’s decentralization means it isn’t headquartered in any one location or… Read more

by Sam Lipscomb Jun 24, 2021

BlockFi is designed to help you trade cryptocurrency and manage your money, all on the same platform. You can use BlockFi to open an interest account, take out crypto-backed loans and use traditional… Read more

by Sam Lipscomb Jun 22, 2021

Carnival Corporation (ticker symbol: CCL) is a large British and American cruise operator with its headquarters located in Doral, Florida. Carnival went public on the New York Stock Exchange (NYSE)… Read more

by Sam Lipscomb Jul 29, 2021

With more than 40% of the U.S. population fully vaccinated (according to New York Times data as of June 15), the economies of many cities have started rebounding at a faster pace. However, the… Read more

by Sam Lipscomb Apr 19, 2021

Coinbase made news in April 2021 as the first major cryptocurrency platform to go public on the U.S. stock market. But this watershed moment does not overshadow the role that it has played as a… Read more

by Sam Lipscomb Apr 15, 2021

Stellar is a decentralized computer network that operates using blockchain technology. On the Stellar network, you can trade its form of currency, which is called lumens (XLM). This cryptocurrency is… Read more