5 Places To Keep Your Down Payment When Saving to Buy a Home

Photo: Phil Romans Saving to buy a home is both exciting and overwhelming. When my wife and I were saving to buy our first home, I thought we’d never have enough for the down payment. But somehow we came up with the money. One of the keys to our success was saving the cash in […]


22 of the Best Tools to Manage Your Money (most are totally FREE)

Most of us use a lot of tools to manage our money, budget, investments, and so forth. So I thought I’d pull together a list of the tools I use nearly every day. Hopefully you’ll find some options here that will help you make the most of your money. Investing 1. Personal Capital: Without question […]


401(k)s vs. IRAs: What are the Pros and Cons?

In the world of tax-advantaged retirement savings accounts, there are plenty of options. But the two most commonly-used options are the 401(k) and the IRA. Both come in traditional (save taxes on contributions) and Roth (save taxes on withdrawals) options. While there are many similarities between a 401k and an IRA, there are also some […]


DR 092: How One Doctor is Learning to Invest Like a Pro

It all started with a simple question about dividends and mutual fund fees. A listener to the podcast named Stephanie wanted to know if a fund’s returns were after fees and dividends. (They are.) After I learned more about Stephanie’s finances and career through several email exchanges, I popped the question. No, not that question. […]


DR 091: Don’t Make the Same $100,000 Retirement Mistake I Just Made

If you have self-employed income in addition to your regular job, can you contribute to a SEP IRA even if you have a 401k at work? This question hit home for me a few years ago due to the income generated from this website. To get right to the point, the answer to the question […]


DR 090: Roth vs. Traditional IRA or 401k: The Math Behind This Important Decision

It’s without a doubt the most frequent question I receive from readers of this blog. People want to know whether they should put their retirement savings in a Roth vs traditional IRA or 401k. I’ve written a lot about these retirement options. If you are new to retirement accounts, I’d suggest you start by reading […]