Many people have asked me how I knew it was the right time to retire. They are struggling with the decision and are afraid to pull the trigger too soon. Retiring from medicine is almost a final move as it is very difficult to return after being away for a period of time. I haven’t … Read more
Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include investing for seven generations, are real estate tax advantages going away under Biden, why good savers … Read more
It’s hard to believe how many people still question whether the 4% rule will work for their retirement, as if they or anyone else can predict the future. There is very good retrospective data that shows how this rule has done over time as the market and interest rates changed over the last century and … Read more
One very lucrative way to sequence your distributions in retirement is to take money first from taxable savings and brokerage accounts; leaving the money in your retirement accounts to continue growing tax deferred or tax free (Roth). This is beneficial because taking money from taxable accounts requires you to pay taxes on the gains. The … Read more
As 2020 draws to an end, it is time to close the year and give ourselves a fresh start. When a new year begins we make New Year’s resolutions that we plan to achieve during the year, but often by the end of January we have reverted back to our old ways. Resolutions long forgotten. … Read more
Most people who are saving for retirement are familiar with the 4% rule. According to this rule, proposed by William P. Bengen in 1994, and later confirmed by Trinity University in 1998, you can withdraw 4% of your retirement assets the first year of retirement and then increase your withdrawal for inflation each year thereafter. … Read more
People on social media are constantly asking which investment gets the better return; real estate or the stock market. In my case, I have been invested in both for an extended period of time and the results are so uneven no calculator is needed to know that my real estate has far out performed the … Read more
(We are now half way through the introductory release of The Doctors Guide to Automating Your Real Estate Investments. Get yours before the special offer ends. With a 100% money back guarantee, what do you have to loose?) Each week I run into a few articles that I feel are especially valuable. Every Monday I … Read more
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
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
