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Using the HARP Program to Refinance an Underwater Mortgage

Just a few weeks ago, reader Sarah wrote in for advice on how to handle her underwater mortgage. Like many people who bought homes at the

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When to Use an SEP IRA

Just a few decades ago, opening a simplified employee pension — otherwise known as an SEP IRA, a retirement plan for self-employed workers — wasn’t

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How We’re Investing for Financial Independence

It’s not exactly a secret that my wife and I are investing our money with a goal of financial independence. We achieved our goal of

Wealthfront vs Betterment

Betterment vs. Wealthfront

As I explained in previous posts, I’m on a quest to roll over my old 401(k) into the best retirement account I can find. My

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Should You Pay Off Your Mortgage Early?

If you have a mortgage on your home, you’ve probably wondered at least once whether it would be worthwhile to pay it down ahead of schedule. And if

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Personal Capital Review

As I explained in a few previous posts, I am on a quest to roll over my old 401(k) into a new account with better

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Eight Best Places to Retire Abroad (and Enjoy the Good Life for Less)

More than 373,000 Americans had retired abroad by 2013, according to the Social Security Administration, and for various reasons. For some, the decision to retire overseas

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Roth IRA vs 401k? You May Not Have to Choose

One of the most common retirement questions I get asked is: Roth IRA or 401(k)? Although both are good options worth considering, the answer isn’t

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Where Do Investment Returns Come From?

The whole point of investing is to give yourself the possibility of earning better returns than you can get from a savings account. If you

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The Ultimate Work-at-Home Job: Running a Bed and Breakfast

Running a brothel was never part of Debbie Miller’s plan. But 25 years ago, in rural Ohio, there were few people who understood the distinction between


Why Taking a Lump-Sum Payout Makes More Sense Than You Think

When I was in sixth grade, a classmate’s grandma won a million dollars in the lottery. This made the front page of our small town’s

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Three Reasons Teachers Make Good Investors

The average Wall Street bonus was $172,860 in 2014. That’s just a bonus — and it’s more than three times the average high school teacher’s annual salary of

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Six Biggest Myths About 529 Plans

By Kathryn Flynn A college degree is worth more today than ever before. In fact, according to a study by Pew Research, young adults with


Some Thoughts on Riskier Investments

A good friend of mine has about 25% of his net worth tied up in Magic: the Gathering cards. He buys and sells them somewhat


What Is a Fee-Only Financial Advisor?

If you’re looking for a financial planner, one of the first things you’ll want to know is how they are paid. Financial incentives influence decision-making in

DIY Investing: Choosing the Right Industry at the Right Time

By Gaspar d’Orey Many people consider the stock market an alien and complex thing to grasp. But it doesn’t have to be this way. With some

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The Million-Dollar Retirement Question

One question I’ve received several times over the years is what I’ve jokingly called the “million-dollar question” to my wife. It comes in several variations,

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What Is Index Investing and Why Does It Work?

There are an almost infinite number of ways to approach investing, but my personal favorite is called index investing. It’s a simple strategy that can

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