Last night I read a very interesting article about a woman who just discovered her husband had more money in his 401k than she had is hers while making the same income. They have both been saving for several years, but he had been putting a larger percentage into his plan than she had put … Read more
It’s that time of year again. Over 30,000 medical residents are about to finish their training and start their first job. Many of them will make some big financial mistakes during their first year that will haunt them for years to come. I wrote The Doctors Guide to Starting Your Practice Right to help new … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include financial planning is not an emergency, the difference between rich and wealthy, shorting the dollar using real estate, why you should ignore the … 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; good financial planning relieves stress, patience in investing and gardening have great rewards, what happens when … Read more
This weekend we celebrate Father’s Day. Fathers have the ability to provide great advantages for their children, who arrive in this world totally dependent on their parents. I appreciate all the things my father did for me and wrote about six lessons I learned from my dad in a previous father’s day message. A few … Read more
(Need to use your CME funds before the end of the year? Get tickets now to the Physician Wellness & Financial Literacy Conference being held virtually the first week of March. I will be giving 2 lectures you don’t want to miss.) Each week I run into a few articles that I feel are especially … 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
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
(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
