Latest Articles

Is an interest-only mortgage ever a good idea?

Wendy Connick •
The Motley Fool
Vintage window on old brick wall of European style house. Antique window on old brick wall of European style house.

Survivors of the Great Recession may remember that interest-only mortgages were a major factor in causing the housing crash and the ensuing economic train wreck. Yet in the last few years, these mortgages have reappeared as an option for some homebuyers. Should you consider getting an interest-only mortgage? What is an interest-only mortgage? With a


2018 SIMPLE IRA limits

Dan Caplinger •
The Motley Fool

SIMPLE IRAs are popular among small employers looking to give workers an easy way to save for retirement. Limits on SIMPLE IRA contributions are indexed to inflation, and similar indexing led to a boost for those who use more sophisticated 401(k) plans. However, the inflation adjustment wasn’t enough to lead to a change in the


3 ways to pay off your mortgage faster

Christy Bieber •
The Motley Fool
Online payments. Woman using credit card for shopping

Are housing costs your biggest monthly expense? For most American families, they are. But, there’s a way to drop your housing bills dramatically: Pay off your mortgage early. Mortgage-free homeowners have median housing costs almost $1,000 per month below their mortgage-holding counterparts, leaving a lot more spare cash to invest or to do fun stuff like


5 things that can derail your mortgage approval

Daniel B. Kline •
The Motley Fool

Getting approved for a mortgage is not the same as getting a mortgage. Until your lender has transferred the money to your buyer’s bank, it’s still possible for the process to be derailed. That means that once you have received a “yes,” you still have to be careful. Your lender will be watching you and


Retirees, start a nonprofit to serve a need

<i>Kiplinger's Retirement Report</i>, Susan B. Garland, and Contributing Editor •

For retirees who are passionate about a cause, creating a nonprofit to advance it may seem like the perfect solution. In reality, starting a socially minded organization can be as challenging as launching a new business. Like most business entrepreneurs, Ellen Kamp started her nonprofit to fill a gap in the market. In 2006, at