(Be sure you check out my latest Podcast appearance covering Designing Your Locum Tenens Life with Dr. Myrdalis Diaz-Ramirez of The maxAllure Mastermind.) Next Monday many of us will take the day off to celebrate our country’s independence. Thank you to those who report for duty at hospitals around our country making it possible for … Read more
Retirement means something different to each of us. Some dream of all the fun they will have in retirement as if retirement is what life is all about. They live a life of self-imposed relative poverty to reach retirement quickly. Others spend all they earn as they earn it and don’t believe they will ever … Read more
Happy Father’s Day Week! I was recently reminiscing about my first year as a new grandfather. My wife and I have a lot of fun spending time with our grandson two days a week while his parents are at work. He is a joy to play with and he is learning new things daily. One … Read more
With the latest market dip many questions have been raised regarding 401(k) accounts. These questions make it as clear as a neon sign that people do not understand how their 401(k) works. Here are two recent examples that indicate this lack of understanding: -I’m considering moving my money from my 401k to an annuity due … Read more
Last March while we were traveling home in our RV from our snow birding trip to Mesa, Arizona, I turned sixty. On our way to Southern California to meet some friends, we stopped at a bakery to pick up a cake. We enjoyed celebrating my birthday that evening with our friends, but it didn’t set … Read more
A misconception is running around the financial world, that great sacrifice and delayed gratification is required to reach financial independence. This is simply not true. The reason so many feel becoming financially independent is a sacrifice, is the misguided notion that spending anything less than all you earn is somehow a great sacrifice. If I … Read more
The Backdoor Roth IRA has become all the rage in the last few years. Almost every physician financial blogger is writing about how to get around the income limits imposed by the Roth IRA rules. This clever work around is called the Backdoor Roth IRA. But congress is contemplating ending the rules that make this … Read more
I have previously written about the joys of RVing. We have been using our motorhome for almost three decades now and we are on our third rig. It has been the source of many great memories for our family and a very pleasant way to travel. We are currently on our third snow birding trip … Read more
I am amazed at some of the comments I get from people seeking financial advice. Often, they are asking for the secret to financial success. “What do I need to do to become wealthy?” This is frequently asked while searching for something magical they can do to improve their financial wellbeing without having to change … Read more
(I will be giving two lectures in the White Coat Investors Physician Wellness and Financial Literacy Conference next week. To get virtual tickets click here. If you will be attending in person, please say hi. I love to meet my readers.) I recently received the following email from one of my readers, which prompted today’s … Read more
