“When can I begin to splurge on my dreams?” This is an almost universal question that comes to mind as soon as we start earning a living. As such, it is one of the first things we address during my Total Financial Makeover Coaching Program: Dreams and Goals. If your financial planning is not heading … Read more
There is a lot of buzz about real estate investors attaining real estate professional status (REPS). The only reason to get REPS is to be able to use your real estate depreciation losses sooner than you would otherwise. It does not generate “new” losses to write off. It only allows one to use their losses … Read more
There was a time in the not too distant past when retirement was not an option. People literally worked until they died. In 1935 President Franklin D. Roosevelt signed the Social Security Act. From that day forward, the US government helped Americans retire, but this help came with strings attached. These strings were anchored around … Read more
(Today’s guest post come to you from David Rosenstrock, who is a certified financial planner with an MBA and the Founder of Wharton Wealth Planning, LLC.) As a physician, when you end the workday with your patients and your team and walk out the door you may not have a lot left to give to … Read more
(This article turned out to be way too long, so I broke it into three parts. Part 1: Pre-Cruise is the preplanning and the three days we spent in our embarkation city. Part 2: The Cruise is all about the ship and the cruise. Part 3: Post-Cruise is the three days we spent in the … Read more
(This article turned out to be way too long, so I broke it into three parts. Part 1: Pre-Cruise is the preplanning and the three days we spent in our embarkation city. Part 2: The Cruise is all about the ship and the cruise. Part 3: Post-Cruise is the three days we spent in the … Read more
(This article turned out to be way too long, so I broke it into three parts. Part 1: Pre-Cruise is the preplanning and the three days we spent in our embarkation city. Part 2: The Cruise is all about the ship and the cruise. Part 3: Post-Cruise is the three days we spent in the … Read more
I have owned, traded, and vacationed using my timeshare for more than 30 years and love it. I own a single week of timeshare in New Orleans and have yet to stay in the unit I own. My happy experience is contrary to what is found on social media. There is a reason for that. … Read more
An important aspect of productivity is the concept “Do It Now.” When one concludes that a particular thing should be done, the most cost-effective way to get it done is to do it now. But we often do not follow this ideal. Instead we procrastinate until not doing it becomes more painful than doing it. … Read more
A backdoor Roth IRA is a great additional retirement savings plan for high earning professionals. Since I get many questions on how to make a backdoor Roth IRA contribution, I thought it would be good to help set the record straight and explain the Backdoor Roth IRA rules and answer the common questions that confuse … Read more
