(Just to be clear, this is not an April Fools Joke) Recently Tesla announced they had purchased $1.5 billion in bitcoin and will soon be accepting bitcoin as payment for automobile purchases. Some high income earners have speculated in bitcoin and are contemplating making their next car purchase using bitcoin. Before you make that move, … 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
Many people have written me asking: “What is the difference between a tax deduction and a tax credit?” They are confused about this issue. There is also an important distinction based on the source of the tax deduction, as in your home mortgage interest vs. your rental property mortgage interest deductions which are treated differently. … Read more
Over the last 32 years I have been following the literature concerning money, investing and debt. In the last few years I started writing about the topic as well as sharing my knowledge with other physicians through one-on-one financial coaching. Through the years I have seen many people make the same mistakes when projecting financial … Read more
(There are still slots available for you to take advantage of me opening up more room for my High Performance Coaching. Contact me if you want to take your life to the next level of success! If you have been thinking about getting a coach, act now and 2021 will be your best year ever.) … Read more
As more people move toward becoming debt free, there comes a time when they must choose which debt to pay off next. Often the last two debts are their home mortgage and the mortgage on a rental property. The home likely has a lower interest rate and is often the larger loan. The best way … Read more
It appears that Joe Biden will become the next President of the United States in January. He has already stated many of the things he plans to do during his term. Some of those things will have direct financial impact on us. Biden has stated he wants to cut costs for the low and middle … 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 how owning individual stocks can destroy your portfolio, how to overcome financial mistakes, making a financial … Read more
Every week I run into a few articles that I feel are especially valuable, and 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 the twelve factors driving physician burnout, how to get date night into your busy schedule, … Read more
People often complain that their tax refund is smaller this year than last year. A smaller tax refund is not something to complain about, it’s a win! You don’t ever want to have a tax refund. Any time you get a tax refund, it means you made an interest free loan to the government. Why … Read more
