A. Sorry, this doesnt fly. First, it creates an unnecessary tax expense, probably enough to pay for much of your travel. If, for instance, you are in the 28 percent tax bracket, youll need to withdraw $76,389 from your account, $21,389 for income taxes and $55,000 to pay off the mortgage.

Second, the monthly payment on a $110,000 mortgage at, say, 7.5 percent, would be only $769. Of that amount, your maximum actual interest income return would be $687 a month— far short of the $1,100 figure you cite. More important, you may not be able to get 7.5 percent on a CD but you can get a good return by shopping at places like www.banxquote.com and www.bankrate.com. While it will have a lower yield, it wont have the risk of your having to come back to face the difficulty and expense of a foreclosure. Sadly, the people who will be interested in low down payment owner financing will be the people most likely to be foreclosed.

A. First, multiple accounts dont reduce risk. Mutual funds are separately trusteed so your money is not at risk with the firm itself. What you get with multiple accounts is greater opportunities for confusion, more difficulty understanding just how your money is invested, and more possibilities of doing something with a qualified account that creates a dreaded taxable event. Beyond that, if the accounts are taxable, you may also be creating more accounting expense and more agony at tax time. So I vote for having as few accounts as possible.