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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 Feb 22, 2018

Women are consistently paid less than men for the same work, according to data from a variety of sources, including the Bureau of Labor Statistics and the Census Bureau. Additionally, women are often underrepresented in the highest-paying occupations. In particular, women are underrepresented in STEM occupations, which in today’s economy tend to come with the best pay and strong long-term prospects.  Read more

by Derek Miller Feb 20, 2018

The average financial advisor makes $123,100 per year, according to the Bureau of Labor Statistics. That is about 2.5 times more than the average U.S. worker. But being a financial advisor is about more than just pay. It can also be a rewarding profession. Financial advisors can be some of the most trusted people in their clients’ lives, as they help them reach life goals like saving for a secure retirement. Read more

by Derek Miller Feb 14, 2018

Hollywood and New York City probably come to mind when you think about the places with the most million-dollar earners. While location plays a part in how much money you earn, there are other factors that can help you reach millionaire status. Plenty of patient saving is most likely required. Many people seek professional advice from a financial advisor to help them make the best decisions about their finances. Below, we looked at the unique economic profiles of each state through IRS data to find the states with the most million-dollar earners. Read more

by Derek Miller Feb 07, 2018

Does it feel like most of your paycheck goes to covering rent? You’re probably not alone. Data from the Census Bureau shows that over 46% of American renters are housing cost-burdened. But the scale… Read more

by Derek Miller Feb 09, 2018

Saving for retirement is tough. Between paying rent or a mortgage, combined with credit card debt, or maybe student loans, finding a few spare dollars to contribute to a retirement fund is difficult.… Read more

by Derek Miller Feb 05, 2018

In the past SmartAsset has analyzed gender income inequality through the lens of earnings. As of 2016, the Census Bureau estimates that the average full-time working female earns 80% of what the full… Read more

by Derek Miller Jan 31, 2018

For most people, the only fun part of doing your taxes is getting your tax refund. Not everyone receives a refund. Technically speaking, tax refund is money you overpaid in taxes, meaning it was… Read more

by Derek Miller Jan 30, 2018

Millennials, for the most part, are a generation of renters. Only 34.7% of Americans under the age of 35 owned their homes as of 2016, according to a Census Bureau survey. But that’s not always by… Read more

by Derek Miller Jan 24, 2018

The best way to prepare for retirement is to get a head start by saving early and often, letting your 401(k) accrue interest as you head toward your golden years. But even the best-laid plans may go… Read more

by Derek Miller Jan 23, 2018

The job market can change quickly. The decline in manufacturing jobs was a focus during the 2016 presidential election and the BLS projects some jobs like data entry keyers will be in serious decline… Read more

by Derek Miller Jan 18, 2018

Big cities can be challenging places to live. But if you are trying to leave a big city it can be difficult to find a smaller city worthy of moving to. Big cities tend to get the most attention when… Read more

by Derek Miller Jan 17, 2018

Many taxpayers fret over where their hard-earned money goes once they’ve paid their share of taxes. This is true for residents of all states. But some states get a better deal when it comes to income… Read more

by Derek Miller Jan 18, 2018

As winter drags on you may catch yourself wondering if summer is ever coming back. But it doesn’t have to be that way. There are plenty of towns across America where it’s possible to spend a few… Read more

by Derek Miller Jan 10, 2018

Many Americans try to reduce the stress of filing taxes by using online tax software or hiring an accountant. In some states getting this tax help is easier than others due to more affordable rates… Read more

by Derek Miller Feb 15, 2018

Around 64% of Americans drink a daily cup of coffee, while 11% drinks four cups or more. This makes coffee not only one of America’s favorite beverages but also the preferred fuel for getting the day… Read more

by Derek Miller Jan 10, 2018

It can be tough to balance work and play. The highest-paying jobs often require the longest hours and the most exciting cities typically come with budget-busting rents. But, while every city has its… Read more

by Derek Miller Dec 29, 2017

Getting in shape is one of the most common New Year’s resolutions in America. Despite this, obesity rates in the U.S. continue to climb. While it’s never easy to hit your fitness goals, some cities… Read more

by Derek Miller Dec 27, 2017

Beer is Americans’ favorite alcoholic beverage, according to a Gallup poll of alcohol-consuming Americans. In fact, except for a short-lived period between 2005 and 2006 Americans, on average, have… Read more

by Derek Miller Dec 19, 2017

STEM jobs are some of the most desired in the country. These jobs tend to offer the best pay and the best benefits. However, as inequality remains a problem in American society, more people are… Read more

by Derek Miller Dec 19, 2017

Starting new businesses is the key to growing any economy. But starting businesses can get expensive, and unless you are a trendy new startup, getting funding can be difficult. While many people may… Read more

by Derek Miller Feb 06, 2018

The economy is finally starting to heat up. In fact, the economy is moving so fast the Federal Reserve recently increased the interest rate in an attempt to thwart potential inflation. But this… Read more

by Derek Miller Jan 16, 2018

One constant in the U.S. economy over the past 40 years has been the ascendency of women in the work place. In 1976 the number of men in the workforce was about 47% higher than the number of women … Read more

by Derek Miller Dec 12, 2017

Housing costs may be the most important factor people consider when choosing where to live. But safety is often a close second. When deciding where to raise a family, for example, many parents place… Read more

by Derek Miller Dec 13, 2017

Flying over the holidays is never an exciting prospect. December means snow in any many parts of the country, and snow means grounded flights, long delays and missed connections. Plus, it seems like… Read more

by Derek Miller Feb 07, 2018

The first cohort of millennials entered the workforce around the time of the Great Recession, when the economy was sputtering. Combine that fact with the constantly changing make-up of the modern… Read more