Loading
Tap on the profile icon to edit
your financial details.

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 Sep 25, 2020

Life insurance rates are constantly changing, and each person’s life insurance policy is different. For instance, rates can vary by age, gender, health, employment, weight and family health history, as well as whether or not the insured smokes, does drugs or drinks alcohol. While typical economic indicators are less likely to affect life insurance rates, general trends like your country’s life expectancy may affect the price of your policy. Your life insurance policies should be a part of your financial plan. Talk to a local financial advisor about your long-term plans. Read more

by Sam Lipscomb Sep 25, 2020

It’s long been said that if you check your credit score, it may experience a drop. But in reality, if you yourself are checking your score through a free website or app, you can check as many times as you like without any damage to your score. However, if a lender checks your credit score, there’s a good chance your score may drop, at least temporarily. These changes are usually reverted once the hard inquiry goes through. Don’t forget about your long-term financial goals while you work on your credit. Speak with a local financial advisor today. Read more

by Sam Lipscomb Sep 25, 2020

Errors on your credit report aren’t as uncommon as you might think. These issues, whether big or small, can negatively alter your credit score, making it harder to get approved for new lines of credit or loans. An error could even impact your ability to rent an apartment or get a job. So if you happen to spot an error when reviewing your credit report, it’s important to act quickly to remedy the mistake. Most errors can be resolved by contacting the appropriate credit bureau. Need help juggling your financial plans, credit and debt? A local financial advisor can help. Read more

by Sam Lipscomb Sep 25, 2020

A 700 credit score is often seen as the barometer for what constitutes a good credit score. But while each credit scoring agency has slightly different criteria for determining where scores rank, a… Read more

by Sam Lipscomb Sep 25, 2020

A bankruptcy can seriously hurt your credit score, making it difficult to get approved for new lines of credit and lower loan interest rates. While bankruptcies are undoubtedly harmful, they won’t… Read more

by Sam Lipscomb Sep 25, 2020

A tender offer allows a company or entity to do a public takeover of a business by buying many of its shareholders’ stock shares. Tender offers are typically public, as they literally ask… Read more

by Sam Lipscomb Sep 25, 2020

The rule of 70 is used to determine about how long it will take an investment to double in size while growing at a consistent rate of return. The rule is far from exact, but it can nonetheless help… Read more

by Sam Lipscomb Sep 25, 2020

The Federal Deposit Insurance Corporation, otherwise known as the FDIC, is a federal regulatory body in the U.S. Its primary purpose is to insure deposits made at banks and other financial… Read more

by Sam Lipscomb Sep 25, 2020

Having a good credit score is beneficial, and an excellent score is even better. But what if you could achieve the perfect credit score? To attain the highest credit score there is, you’ll need to… Read more

by Sam Lipscomb Sep 25, 2020

Having good credit is an important factor in whether you’ll be approved for new lines of credit or lower interest rates on loans. Credit scoring agencies use many different factors from your credit… Read more

by Sam Lipscomb Sep 20, 2020

Credit is one of the most important aspects of a person’s financial life. Your credit score affects your ability to get loans, credit cards, apartments and more. There are several components to… Read more

by Sam Lipscomb Sep 20, 2020

Bankruptcy is a way for an individual or business to have their debts legally discharged in the event that they cannot pay them. For example, if your home is being foreclosed upon or your debts have… Read more

by Sam Lipscomb Sep 18, 2020

A non-recourse loan is a type of debt that’s secured by collateral, such as an individual’s car, house or another typically illiquid asset. By securing a non-recourse loan, the lender won’t have the… Read more

by Sam Lipscomb Sep 18, 2020

The New York Stock Exchange, or NYSE for short, is the world’s largest and most famous stock exchange. The total market capitalization of all of its listed securities totals over $25 trillion. The… Read more

by Sam Lipscomb Sep 18, 2020

If you’re a contractor, freelancer or another type of self-employed individual, you’ll likely need to file IRS Form 1099-MISC. This form is used to report non-employee compensation, and it is part of… Read more

by Sam Lipscomb Sep 18, 2020

A credit score of 800 or above typically falls into the “excellent” category. There are many benefits associated with this tier of credit score. For example, an excellent credit score means you’re… Read more

by Sam Lipscomb Sep 14, 2020

When it comes to your personal finances, knowing about your credit profile is extremely important. It can determine whether you’re accepted for a home loan, an auto loan, a credit card, rentals,… Read more

by Sam Lipscomb Jun 10, 2020

Since the coronavirus pandemic went global in early 2020, travel and tourism have been heavily impacted. Millions of people have seen their trips canceled by airlines and tour companies, with… Read more

by Sam Lipscomb Jun 08, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes over $2 trillion in federal funds to help address the economic fallout from the coronavirus global pandemic. The bill includes… Read more

by Sam Lipscomb May 18, 2020

Moderna, a Cambridge, Massachusetts-based biotechnology company, announced that one of its COVID-19 vaccine trials has seen promising results. The vaccine has only been tested on a handful of… Read more

by Sam Lipscomb Dec 23, 2020

The Family and Medical Leave Act (FMLA) is a law that ensures that employees have access to up to 12 weeks of unpaid, job-protected leave per year for qualified medical and family-related reasons. Up… Read more

by Sam Lipscomb May 14, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. The bill includes a number of provisions that help those affected by the coronavirus pandemic.… Read more

by Sam Lipscomb May 11, 2020

If you’re one of millions of Americans who has yet to receive a stimulus check from the government, you have until noon on Wednesday, May 13 to submit your direct deposit information to the IRS using… Read more

by Sam Lipscomb May 15, 2020

New Hampshire is one of the smallest and most rural states in the U.S., so it makes sense that, compared to larger, more urban states, it has not been hit as hard by the COVID-19 pandemic. The state… Read more

by Sam Lipscomb May 15, 2020

In comparison to the rest of the U.S., the state of Hawaii hasn’t been hit particularly hard by the coronavirus pandemic. In fact, by mid-May 2020 there were 638 confirmed cases of COVIDF-19 and 17… Read more