Forums and Facebook groups abound with a frequently asked question that sounds something like this: “Should we sell our positive cash flow rental to buy (insert fun new toy) so we don’t have to attain a loan?” When someone wants to buy a new car, boat, or motorhome but they have learned that buying toys … Read more
When we initially retired, I envisioned going south for the winter, since I’m not a big fan of the cold and rain. We don’t get much snow in southern Oregon, but it does rain a lot in the winter. Snow birders from the west coast tend to head south to southern California, Las Vegas, and … Read more
When my wife and I moved to Southern Oregon to start my career in as a surgeon, we had not even thought about owning a motorhome. My partners were the inciting factor that lead to the purchase. They were old school doctors who thought each doctor should always cover their own patients on the weekend … Read more
(Today’s guest post come from Dr. Jordan Frey) On May 1, 2020, I couldn’t have told you what cash-on-cash or cap rate meant. I definitely would not call myself a real estate investor nor tell you that I harbored the slightest inkling that I would become one. Yet, here I am writing this post just … Read more
I have been reading alarming tales of doctors who think they can buy their way into the hearts of their spouse and kids on the weekend to make up for not being there during the week. The reality is your kids don’t need your money, they need you to spend time with them. Quality time … Read more
Many people want to do more traveling when they retire. In fact, travel is one of the main reasons stated for wanting to retire. Unfortunately, most people are not sure how travel will affect their retirement budget. Knowing this number is a key variable in calculating when you have enough saved to retire in the … Read more
I recently was part of a conversation on social media in which the following question was posed: Watching the past couple days of red in the S&P 500 is a little scary, and I am wondering what percent of people have sold vs. staying the course? Of course, many people chimed in with their comments, … Read more
So, you have settled into your first job as an attending physician. This is an exciting time with many big changes. You likely moved to a new city, had a significant pay increase along with a huge jump in responsibility. Now is the time to decide how to repay your student loans. Whenever you have … Read more
It is not often I pick up a book and realize that someone has already written the book I was thinking of writing, but today it happened to me. When I published my book The Doctors Guide to Smart Career Alternatives and Retirement which is aimed at the physician who is fed up with his … Read more
Retirement account required minimum distributions (RMDs) can be a tax burden for those in their retirement years. But thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020, we can declare our independence from the RMDs for 2020 and save a ton of money. RMDs are in place to be sure the … Read more
