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Sam Lipscomb, CEPF®

Sam Lipscomb is a writer for SmartAsset. His work spans a wide variety of personal finance topics with expertise including retirement and investment. 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, CEPF®

Multi-Family Office
Financial Advisor

What Is a Multi-Family Office?

A family office is a financial advisor 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 just one family or individual, a multi-family… Read more…

financial literacy is costing americans
Financial Advisor

This Mistake Is Costing You $1,400: But You Can Fix It

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, showed that the average adult loses about $1,389.06 annually due to… Read more…

be wary of target date funds

The Hidden Cost of Target Date Funds

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 403(b)s. More specifically, target date funds are exchange-traded funds or mutual… Read more…

Stash vs. Acorns vs. Robinhood

Stash vs. Acorns vs. Robinhood: Which Is Best?

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 straightforward apps that are easy to use… Read more…

empty nesters not saving enough for retirement

Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement

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 the Center for Retirement Research at Boston College… Read more…

south dakota tax shelter

This Hidden U.S. Tax Shelter Is Not Just for the Global Elite – Want In?

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 Dakota has joined their ranks… Read more…

Private Banking vs. Wealth Management
Financial Advisor

Private Banking vs. Wealth Management

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… Read more…

Best Retirement Plans for Self-Employed

Best Retirement Plans for Self-Employed People

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… Read more…

biden capital gains tax changes

Tax the Rich: Biden to End Trump Tax Cuts on the Wealthy

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 tax changes aim to make good on President… Read more…

Ultra-High-Net-Worth Individual
Financial Advisor

Defining an Ultra-High-Net-Worth Individual

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… Read more…