Articles by Thomas (TJ) Porter

TJ Porter has in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions. He has also contributed to publications and companies such as Investment Zen and Echo Fox. He aims to provide actionable advice that can help readers better their financial lives. Education: B.S. in Business Administration, Concentration in Information Systems from Northeastern University.

6 Savings Account Fees You Need to Know About Be aware of the different types of fees that a bank could charge on a savings account. Find out why they are being charged, how much they cost, and what you can do to avoid them. Learn about online banks that are able to offer significantly higher savings rates without expensive fees. Investing in a Money Market Fund vs. a High-Yield Savings Account Photo of Thomas (TJ) Porter Thomas (TJ) Porter Investing in a Money Market Fund vs. a High-Yield Savings Account Money market funds offer slightly higher returns than high-yield savings accounts... Should You Keep Your Emergency Fund in a CD? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Should You Keep Your Emergency Fund in a CD? One of your first priorities financially should be to build an emergency... When Is It Worth Putting a Down Payment of More than 20%? If you're in the strong financial position to have a larger down payment available for a home purchase, find out whether it is a good idea to do so. Learn the reasonable arguments for putting down more than 20%, including how it affects your mortgage, the sale negotiation process, and the amount of debt that you take on. 8 Investment Scams That Millennials Should Beware Of Watch out for these common scams that prey on unsuspecting individuals, especially ambitious millennials and young adults, who want fast-growing investments. Compare ACH Transfer Fees at Top U.S. Banks Photo of Thomas (TJ) Porter Thomas (TJ) Porter Compare ACH Transfer Fees at Top U.S. Banks There are many ways that you can transfer money between bank accounts and the ACH... How to Choose the Best Online Savings Account for You Photo of Thomas (TJ) Porter Thomas (TJ) Porter How to Choose the Best Online Savings Account for You Online banks have become popular in recent years for a number of reasons.... Should You Use the Same Bank for Your Personal and Business Checking Accounts? Find out whether it is a good idea to use the same bank for your personal checking account and your business checking account. Compare the pros and cons. Can You Use a Money Market Account for an Emergency Fund? See if you should keep your emergency fund in a money market account, which has key differences from a typical savings account. What to Do When You Earn Too Much to Contribute to an IRA Photo of Thomas (TJ) Porter Thomas (TJ) Porter What to Do When You Earn Too Much to Contribute to an IRA Individual retirement accounts (IRAs) are a special type of account that you can...