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Derek Miller

Mortgage, Retirement and Budget Expert

Derek Miller is a graduate of the University of Edinburgh where he studied economics. He is passionate about using data to help people make better financial decisions. Derek is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society of American Business Editors and Writers. He is a data journalist whose expertise is in finding the stories within the numbers. Derek's writing has been featured on Yahoo, AOL, and Huffington Post. He believes the biggest financial mistake people make is waiting too late to save for retirement and missing out on the wonders of compounding interest. Derek lives in Brooklyn.

Posts by Derek Miller:

by Derek Miller Oct 18, 2018

The American Dream of homeownership and financial independence is a hallmark of middle-class life. Indeed, working hard defines this cohort’s pull-yourself-up-by-your-bootstraps sensibility. But earning and saving up enough money to afford a down payment comfortably and reduce financial stress is getting increasingly difficult. With inequality on the rise in America, the middle class is getting squeezed on both sides. That has made many Americans in this demographic wonder how much money they can really save and whether they will be prepared come retirement. Some states, however, are better for the middle class than others. Below we look at metrics related to income, homeownership and taxes to find the best states for the middle class. Read more

by Derek Miller Oct 17, 2018

A sophisticated investment plan can mean an early retirement or just a retirement without financial stress. And whether they are relying on the expertise of a financial advisor to manage their finances or going it alone, Americans are, indeed, investing to grow their wealth. According to IRS data, Americans reported earning $613 billion in passive income in 2016. That makes their investment gains equal to about 8% of the salary and wage income earned in the U.S. during the same period. That $613 billion, however, is not spread evenly across the country.  Read more

by Derek Miller Oct 17, 2018

Finding the perfect city is difficult. You know you want to live somewhere with plentiful high-paying jobs. But you also want to balance a good job with affordable housing. That ideal scenario will allow you to boost your savings and set you on a clear path for financial independence. But there are other important considerations at play. Many Americans desire to live somewhere walkable where the threat of crime is low. Below we look at these and other factors to rank the most livable cities in America. Read more

by Derek Miller Oct 11, 2018

Are the robots going to steal your job or just free you up to tackle other needs at work? It’s a consideration that puts fear in the heart of the typical American employee. You see, on the positive… Read more

by Derek Miller Oct 10, 2018

Trick-or-treating is a high-reward, low-risk undertaking. That’s why people in the U.S. are particularly spirited about grabbing their pillow cases and hitting the streets. In fact, FiveThirtyEight… Read more

by Derek Miller Oct 09, 2018

Between trade group meetings and professional development confabs, the American workforce attends a whole lot of conferences. According to the most recent data from forecasting company Oxford… Read more

by Derek Miller Oct 04, 2018

Around 30% of workers nationwide do not have access to an employer-sponsored retirement plan, according to Bureau of Labor Statistics data. For these workers, independent retirement accounts like… Read more

by Derek Miller Oct 04, 2018

Famously, Apple started out of a garage with little up-front cash. But your typical startup requires more than just a some empty space and a brilliant idea. To create a successful company, you need… Read more

by Derek Miller Sep 26, 2018

Who doesn’t want to retire early. Getting to retire in your 50s or early 60s can mean being able to do some of the things you’ve always dreamed of while you still have some youthful energy. But… Read more

by Derek Miller Sep 26, 2018

Just 24% of taxpayers reported a charitable gift on their tax returns in 2015, according to a study from “The Chronicle of Philanthropy.” That’s down from a decade earlier when that figure routinely… Read more

by Derek Miller Sep 25, 2018

Minor league teams are a beloved tradition in many baseball towns across America. They offer fans many advantages that the major leagues can’t compete with. First off, minor league games are… Read more

by Derek Miller Sep 20, 2018

Around 2010 at the tail end of the Great Recession, the Census Bureau estimated that Americans 16 years old or older had an unemployment rate of nearly 11%. As of 2016, that figure stood at 5.8%. But… Read more

by Derek Miller Sep 19, 2018

Renters in America’s largest cities are no strangers to roommates. As rent costs have risen so has the need for renters to group together to save on housing costs. But while rooming with a friend or… Read more

by Derek Miller Sep 18, 2018

When people picture the home of their dreams, they imagine the white picket fence, the yard and the home with plenty of rooms for both pets and children. But homes like this tend to be either… Read more

by Derek Miller Sep 18, 2018

Different regions have particular strengths. Silicon Valley is a tech hub of course, the Midwest is known for its agriculture and the Gulf Coast has long had a lucrative oil industry. But if you want… Read more

by Derek Miller Sep 12, 2018

Investing in your education is one of the best decisions you can make. A better education can lead to a better job. In turn, that leads to higher earnings, which can eventually lead to growing your… Read more

by Derek Miller Sep 13, 2018

Across the country, teachers are having a tough time making ends meet. Earlier this year, teachers in states like West Virginia and Oklahoma went on strike and won concessions for themselves and the… Read more

by Derek Miller Sep 12, 2018

Raising a family has never been a walk in the park. But today’s parents may face a steeper uphill climb, financially speaking, than those in the past. The cost of raising a child has risen to $233… Read more

by Derek Miller Sep 05, 2018

The key to a financially secure retirement is the planning. Whether with the steadying hand of a financial advisor to guide you to your golden years, or strategizing on your own, planning your… Read more

by Derek Miller Sep 13, 2018

Capital cities in the United States share many of the same characteristics. Housing the state and local city bureaucracy, capital cities often times have stronger economies than other cities in the… Read more

by Derek Miller Aug 30, 2018

It can almost be impossible to avoid stressing out. You have a mortgage to pay, you’re concerned your investments with your financial advisor aren’t getting the returns you need for your retirement… Read more

by Derek Miller Aug 28, 2018

With rents on the rise in many of America’s trendiest cities it has become increasingly popular for residents looking to earn some side money to invest in the short-term rental market. Indeed, the… Read more

by Derek Miller Aug 23, 2018

According to the latest Bureau of Labor Statistics Consumer Expenditure Survey, the average American household has an after-tax income of $64,175 and spends $57,311 per year. That leaves the average… Read more

by Derek Miller Aug 22, 2018

Like any good financial advisor will tell you, investing is about more than just average return. The best investors weigh risk with reward. For example, consider home values. The Census Bureau… Read more

by Derek Miller Aug 21, 2018

How you start your career is an important determinant for future financial success. Young professionals who are able to find a high-paying career earlier are able to build more savings, get promoted… Read more