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 Photo of Thomas (TJ) Porter Thomas (TJ) Porter 6 Savings Account Fees You Need to Know About Savings accounts are designed to help you save money and earn interest while doing... Investing in a Money Market Fund vs. a High-Yield Savings Account Find out whether money market funds are better options than high yield savings accounts when their annual returns are higher than the best savings rates. Learn about the traits of money market funds that make them different from typical deposit accounts, which will affect how you use it to build savings. Should You Keep Your Emergency Fund in a CD? An emergency fund is supposed to be money that you've set aside for unexpected financial expenses. Find out whether it makes sense to keep your emergency fund in a certificate of deposit (CD) -- compared to an online savings account. Compare the pros and cons of this approach and how it could affects your ability to access your cash. When Is It Worth Putting a Down Payment of More than 20%? Photo of Thomas (TJ) Porter Thomas (TJ) Porter When Is It Worth Putting a Down Payment of More than 20%? Buying real estate can be a stressful experience. Finding the right house is a... 8 Investment Scams That Millennials Should Beware Of Photo of Thomas (TJ) Porter Thomas (TJ) Porter 8 Investment Scams That Millennials Should Beware Of One of the many things that young adults have to start thinking about is saving... Compare ACH Transfer Fees at Top U.S. Banks Learn about how ACH (Automated Clearing House) transfers work and the fees charged by big U.S. banks for this very common financial transaction. How to Choose the Best Online Savings Account for You Learn how to choose among many online savings accounts available nationwide -- consider factors such as interest rates, monthly fees, mobile banking, and more. Should You Use the Same Bank for Your Personal and Business Checking Accounts? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Should You Use the Same Bank for Your Personal and Business Checking Accounts? Individuals and business have very different banking needs. Businesses often... Can You Use a Money Market Account for an Emergency Fund? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Can You Use a Money Market Account for an Emergency Fund? A money market account is a special type of bank account that combines the... What to Do When You Earn Too Much to Contribute to an IRA Find out what options are available to serve your retirement savings needs when you have high enough income to exceed contribution limits on IRAs.