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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 Aug 29, 2017

Plenty of Americans continue to work after hitting retirement age. Data from the Census Bureau shows that in 2015, 12% of Americans over the age of 70 admitted to doing some work in the previous 12 months. Maybe you’re the type of retiree who wants to stay busy during retirement by working, or you want to supplement your retirement savings. But how do you decide where to settle down? Below we rank the best places for a worktirement. Read more

by Derek Miller Feb 21, 2018

You probably know what your credit score is. At least we hope you do! But a credit score can feel a bit abstract and people may underestimate just how important it is. To highlight the importance of your credit score, we estimated how much homeowners in different parts of the country could save on their mortgages by raising their credit scores. Below we rank the metro areas where homeowners can save most by raising credit scores. Read more

by Derek Miller Aug 24, 2017

Most people think they’re good drivers. But the law of averages and statistics on motor vehicle deaths suggest this isn’t the case. Some states have gained a reputation for having particularly bad drivers. We looked into the data to determine which states deserve this reputation and which don’t. Below we rank the 10 states with the worst drivers in the country. Read more

by Derek Miller Sep 08, 2017

Many Americans strive every year to get their finances in order. That could mean working to get out of debt, making sure their credit card bills are paid on time or making additional student loan… Read more

by Derek Miller May 03, 2018

Many Americans don’t manage to save much. According to a survey done by the Federal Reserve, 31% of respondents had no retirement savings at all. Whether it’s because of high student debt or climbing… Read more

by Derek Miller Apr 09, 2018

Florida is a wonderful place to raise a family. The weather is almost always great and the cost of living is also relatively low, meaning parents won’t have to break the bank to live there. Plus,… Read more

by Derek Miller Aug 24, 2017

You probably picture San Jose or San Francisco when you picture tech cities. But with the cost of living in the Bay Area sky rocketing, the generous benefits tech workers receive may no longer feel… Read more

by Derek Miller Aug 25, 2017

Credit scores across the country are on the rise. Up about 1% on average, according to Experian data. But does that fact hold for every generation? Millennials sometimes have a reputation for not… Read more

by Derek Miller Aug 24, 2017

Worried that homes in your area are becoming unaffordable? You may be right. Home prices across America are on the rise. But home prices alone aren’t enough to determine affordability. It’s also… Read more

by Derek Miller Aug 24, 2017

In today’s economy it can be difficult to get the best jobs without having a good education. Unfortunately, the cost of attending a four-year college is rising quickly, forcing many people to take on… Read more

by Derek Miller Nov 12, 2017

Paying off a large amount of credit card debt can be challenging. It is especially difficult when you are saddled with high rent costs and bleak employment prospects like some millennials are. How… Read more

by Derek Miller Aug 02, 2017

At SmartAsset we talk a lot about the importance of maintaining a high credit score. An excellent credit score allows you to gain access to the best rewards credit cards, the lowest mortgage rates… Read more

by Derek Miller Aug 01, 2017

When it comes to raising children location is important. Parents want their children to have the opportunity to attend the best schools and also to enjoy their childhoods and make friends. But many… Read more

by Derek Miller Aug 03, 2017

New York City is famous for its closet-sized apartments. San Francisco residents have become accustomed to living in tight quarters. But New York and San Francisco are extreme examples of expensive… Read more

by Derek Miller Aug 11, 2017

Credit cards are a powerful personal finance tool. Used correctly they can unlock tremendous rewards, worth thousands of dollars. Used incorrectly and they can lead to spiraling debt and thousands of… Read more

by Derek Miller May 21, 2018

Each year millions of Americans put away their work clothes for the final time and call it a career. But many of these retirees don’t just retire and stay put. Many venture off to the warmer climes… Read more

by Derek Miller Dec 08, 2017

The average woman earns 80% of what the average man earns, according to U.S. Census Bureau data. The real-world implications of the pay gap sometimes get lost in the discussion around the issue. Of… Read more

by Derek Miller Oct 10, 2017

The Department of Housing and Urban Development (HUD) recommends spending no more than 30% of your income on housing. But in some cities across the country, people are forking more than half their… Read more

by Derek Miller Jul 13, 2017

Your credit score is important. It can help determine whether you get a credit card with a 0% intro APR or a 23% APR. It can also help determine if your mortgage interest rate is going to be 3.5% or… Read more

by Derek Miller Feb 20, 2018

Living in a big city can be fun. But almost everything in a big city tends to be more expensive, from meals out to groceries to morning coffee. And housing is often the most expensive part of living… Read more

by Derek Miller Dec 08, 2017

When SmartAsset analyzed the best places for working women in the United States, Minnesota stood out as one of the best states. Many places in Minnesota had a high percentage of women in the… Read more

by Derek Miller Jun 28, 2017

Interest rates in the U.S. are at historic lows. By refinancing, and taking advantage of these low interest rates, you could potentially save yourself quite a bit of cash. In many communities across… Read more

by Derek Miller Jul 20, 2017

Identity theft is a major problem in the U.S. Over 15 million people were victims of identity theft in 2016, a 15% increase from the year before. While everyone is at risk of having their identity… Read more

by Derek Miller Jul 20, 2017

Many American cities are facing a housing supply crunch. Housing costs, especially in urban centers, are on the rise, and in cities like New York and Los Angeles large swaths of the population find… Read more

by Derek Miller Aug 11, 2017

Relying too much on credit cards to make ends meet is a bad habit to get into. Credit cards typically come with high interest rates and harsh penalties for late payment fees, meaning even small… Read more