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MP Dunleavey

Green Your Taxes

Wouldn't it be wonderful if you could get a tax break for living a greener life? As yet, there's no tax credit for composting, buying organic chicken or using CFL lightbulbs. (Darn, those things are expensive!). But some eco-friendly upgrades can...

How to Open an IRA

When we met Ashley on Monday, she was pacing the floor, worried about her future savings—when suddenly she got the news that her mother had already opened a Roth IRA in her name. This raised several questions for Ashley, and a particular one for...

Split Your Refund and SaveUP!

Note: This post applies to Canadians, in part. Millions of Americans use their tax refunds as a form of forced savings. You know who you are. Money experts quibble with this strategy, arguing that when the government withholds extra money from...

Helping Ashley Start Her IRA

We recently heard from Ashley, 25, a documentary filmmaker in Seattle: "How do I get started on an IRA? Or a Roth? I want $340,000 in 30 years!" We offered to help Ashley launch her retirement account, and she agreed to share her saga, as it...

Unclutter Your Taxes

(To our loyal readers in Canada and abroad, we're striving to one day make emails like this relevant to you.) OK, beautiful people. You've got 76 days until April 15th. Are you ready? Probably not. We're not. So we coaxed Erin Doland, renowned as...

Decide When to Refinance

  Q: How do I decide whether it makes sense to refinance my mortgage at a lower interest rate?In this example, imagine that you're refinancing a $160,000, 30-year fixed mortgage that is currently at 6.5%, into a 30-year fixed at 5.5%. Your current...

Target Date Mutual Funds

A recent study found that most investors who have target date mutual funds don't understand how they work. What makes this discovery sort of funny—but not in a good way—is that the point of target date funds (TDFs) is that they were supposed to...

Doing the Math on a Roth IRA

Now that we're all focused on Saving UP!, I want to address one of the great IRA puzzles: What is the difference between a regular IRA and a Roth? Luckily, it's an easy and fun question to answer. Let's imagine there are two cars: a Chevy Ira and...

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