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 a book review of The Doctors Guide to Navigating a Financial Crisis, how to get rid … Read more
My Solo Practitioner Spouse Died Unexpectedly (Today’s guest post comes from the wife of a solo practitioner whose unexpected death came at a relatively young age. Her story reminds us how unpredictable life is and the importance of planning ahead. She prefers to tell her story anonymously.) I missed a phone call one day while … Read more
Many things can cause a personal financial crisis. Job loss, death of a bread winner, divorce, cancer, stroke, or the recent shutdown due to the pandemic to name a few. When facing a financial crisis, it is important to act quickly. If you follow the news in every natural disaster, the responding agency is always … Read more
This month marks three years since I turned in my beeper and walked out of the hospital to the song 18 wheels and a dozen roses, by Kathy Mattea. It was a bit scary to give up surgery at age 54, hoping we had enough money saved to meet our needs for the rest of … Read more
Americans have a big financial problem according to a recent government study. In one of the most prosperous nations on earth: 40% of us can’t afford a $400 unexpected expense, 20% can’t pay all the bills in full this month, a quarter skipped seeing a physician due to lack of funds, and 25% have nothing … Read more
(Those of you who were holding out for the Kindle version of my new book, The Doctors Guide to Real Estate Investing for Busy Professionals, are in luck as it is now available on Amazon.) This week my wife and I celebrated our 31st wedding anniversary. It made me think about how my life has … Read more
Wealth seems to be an elusive dream for many people. They desire to become wealthy, but feel they don’t earn enough money to reach that goal, as if earning more would make the difference. A study of 10,000 millionaires presented in Chris Hogan’s new book, Everyday Millionaires, showed that 69% of these millionaires reached that … Read more
(Today’s guest post comes from Joseph Hogue, who is a reader of my blog and a retired economist. He now spends his time with his four websites teaching people about the wonderful world of finance. He presents some different ways to look at investing during your retired years.) These three investing strategies will help … Read more
We have been trained from the day we started earning money to put some of it away for the future. For most of us, the lion’s share of this is saving for retirement. The government has given us many helpful vehicles to do this: Traditional IRA, Roth IRA, SEPP IRA, 401(k), 403(b), HSA and others. … Read more
Today, as I write this, I sadly read about another celebrity with significant wealth who died without a will. Aretha Franklin left behind an estate worth $80 million with significant future royalties and no instructions for who should receive her fortune. Over the next few years, we will hear about the fighting and legal battles … Read more
