DR 072: What Credit Score do You Need to Buy a Home?

Credit score needed to buy a home

When it comes to mortgages and credit scores, there are two really important questions to ask: What credit score do I need to qualify for a mortgage? What credit score do I need to get the lowest interest rate on a mortgage? These different but related questions are important if you are looking to buy […]

Published or Updated: June 3, 2014

DR 071: Dollar-Cost Averaging Versus Lump Sum Investing–Which is Best?

Dollar Cost Averaging vs. Lump Sum Investing

I‘ve always been suspicious of dollar-cost averaging. With DCA, rather than investing the cash you have all at once, you invest chunks of it over time. For example, you might invest $12,000 over the course of a year, $1,000 each month. In contrast, with lump sum investing, you’d put the full $12,000 to work right […]

Published or Updated: May 30, 2014

DR 070: Investing Made Easy – An Interview with Betterment Founder Jon Stein

Jon Stein--Betterment

Several years ago I met Betterment’s founder and CEO, Jon Stein. At the time, Betterment was just getting started, and we had a chance to talk about what Betterment offered investors. Since then Betterment has grown significantly, with over $500 million under management. To find out what is new and to learn more about Betterment, […]

Published or Updated: May 28, 2014

DR 069: Are Dave Ramsey’s Investing ELPs Good for Your Wealth?

Endorsed Local Providers

Dave Ramsey may have helped you climb out of debt, but should you now follow his investing advice? His views on investing have come under fire lately. From his claim that stocks return 12% annually to his love of growth mutual funds, professional advisors have not been shy about their criticism. (Save Like Dave Ramsey. […]

Published or Updated: June 4, 2014

DR 068: Is the 50-20-30 Budget a Good Rule of Thumb?

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How can the numbers 50, 20, and 30 help you manage your finances? Today, we’re going to talk about the 50-20-30 rule of budgeting. A company called LearnVest popularized this rule of budgeting recently, but it’s been around long before them. I’ve seen many financial experts write about it, as well. The bottom line is […]

Published or Updated: May 27, 2014

DR 067: The Lowdown on Health Savings Accounts as Retirement Savings Vehicles

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I‘ve recently received a couple of emails from readers about Health Savings Accounts. One comes from Robert, who writes: I would like you to cover HSAs in the future podcast. We just started using one, and we are getting confused and occasionally tripped up by some of the rules. And a podcast listener named Patrick […]

Published or Updated: May 20, 2014

Marginal vs Effective Tax Rates–What You Need to Know

Investing Taxes

Several readers have recently emailed me about Roth retirement accounts. The questions that have arisen include the difference between marginal tax rates and effective tax rates. It’s an important topic that we’ll cover in two articles. In this article we’ll walk through the difference between marginal and effective tax rates. In the next article we’ll […]

Published or Updated: May 24, 2014

DR 066: How to Refinance Your Student Loans – Interview with Dan Macklin of SoFi

Optimized-Refinance Your Student Loans

We’ve been getting lots of reader questions recently on student loans – what to do with them, how to pay them off, and whether or not to consolidate them. Luckily, I was recently contacted by a relatively new company, SoFi. This company specializes in consolidating and refinancing student loans, and it could offer a great […]

Published or Updated: May 20, 2014

DR 065: How to Pass Your Digital Assets to Your Loved Ones When You Die

Optimized-New project

What happens to your Facebook account if you die? And would your relatives be able to access your online bank accounts, should the worst happen? What tools can you use to manage all the login credentials for these online accounts so that you can easily get them to the right people at the right time? […]

Published or Updated: May 16, 2014