Retirement investing is the process of setting aside money during your working years with the goal of generating income to support you during retirement. It's important to start saving for retirement as early as possible, because the earlier you start, the more time your money has to grow through compound interest.
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We live by two invisible sets of rules: market norms and social norms. Here's how physicians can navigate both sets to better ourselves. The post Navigating Social and Market Norms in Medicine appeare...
If your net worth is too low relative to your age and gross income, you're an under accumulator of wealth. Here's why doctors often are. The post 9 Reasons Doctors Are Under Accumulators of Wealth app...
We talked to a number of WCIers about their first car and what it taught them about money and finances. Here's what they told us. The post What Did Your First Car Teach You About Money and Finances? a...
Between Trump accounts and child-friendly investment platforms, it has become much easier for parents to invest for their children’s future.
As I look ahead to graduating from residency, here are my thoughts about whether and when I should change my portfolio's asset allocation. The post Why I’m Changing My Asset Allocation Before I Become...
Although there are advisors who suggest steering clear, there are times when clients might benefit from using a checkbook IRA to invest in alternative assets.
At face-value, HSAs are for short-term medical expenses, but advisors suggest paying out of pocket to maximize HSA funds for investing and tax-free growth.
Some investments will need to last your entire life—or you risk having them cost you plenty in money or time. The post 4 Financial Assets That Will Cost You If You Don’t Hold Until Death appeared firs...
This podcast episode discusses the Rule of 55 retirement strategy, as well as listener questions about the risks of linking financial accounts to budgeting apps like YNAB, strategies for optimizing Tr...
I started investing in dividend-paying blue chip stocks in 1995 when my uncle gave me a share of Chevron stock. He told me that if I keep buying more shares and reinvesting the dividends into addition...
At face-value, HSAs are for short-term medical expenses, but advisors suggest paying out of pocket to maximize HSA funds for investing and tax-free growth.
The world of paying for medical school is now totally different. Here's how to think about closing the gap between federal and private loans. The post Closing the Gap with Private Student Loans for Fi...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC The margin loan debate continues today on Your Money, Your Wealth® podcast number 589. Jack and Jill r...
My parents usually have their budget meeting at the kitchen table on a Sunday afternoon for a few hours. Here's what they've taught me. The post What I’ve Learned as a Teen While Watching My Parents i...
FIRE is ultimately about being set for life. You build a portfolio big enough to cover your expenses, and then your one job is to not blow it up. But here's the tension worth talking more about. The m...
If you're financially independent but still working, here are a few reasons for why you still might not want to retire. The post Between Financial Independence and Retirement appeared first on The Whi...
When your savings are meant for the next generation, your investment timeline isn't yours anymore. Our Wealth Wise columnist explains how to adjust.
A perennial question in the financial literature is at what age is the best to begin Social Security benefits. Here's how I decided for me. The post When to Begin Social Security Benefits — How the Ma...
I love investing in private real estate debt funds. But lately, figuring out which accounts to put those funds into has been a struggle. The post Issues with Private Real Estate Debt (Credit) Funds in...
Is your portfolio as well built and diversified as you think? If you're worried it won't help keep you safe in retirement, it could be time to renovate.
An interview with Dr. Matt Moore to discuss charitable trusts, recent changes affecting charitable giving, and advanced strategies that can help physicians give more efficiently while managing taxes. ...
It's worth a long, frank discussion with your parents and any other potential heirs to figure out the best way to increase family wealth. The post Working with Your Parents to Get Richer appeared firs...
Parenthood, emergency medicine, and athletics have been equal parts of my identity. But as I entered my mid-50s, I got to a crossroads. The post Why I Went to Half-Time as a Physician and How I Made I...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Joe Anderson, CFP® and Big Al Clopine, CPA spitball for three people planning for early retirement and...
In anticipation of investing in some YC Demo Day startups, I transferred $50,000 from my Fidelity brokerage account to my Citibank checking account. This was right after I'd already wired $56,100 to m...
Let's consider a case study of somebody who barely has enough and how they deploy those assets to ensure a comfortable retirement. The post Deploying Your Assets in Retirement appeared first on The Wh...
A few surveys have shown that physician burnout is beginning to decline. Is this the start of a hopeful new trend for doctors? The post Is Physician Burnout Declining (and Other Random Thoughts)? appe...
Here's what you need to know about how to withdraw your RMDs from Vanguard. It's not as difficult as you might think. The post How to Take a Required Minimum Distribution (RMD) at Vanguard appeared fi...
If you don't pay enough in quarterly estimated taxes, the IRS could penalize you. Here are some ways to reduce those penalty payments. The post Estimated Tax Penalties Aren’t Always Final — Here’s How...
Many older savers are breaking the "golden rule" of retirement investing. Is your 401(k) taking on too much risk?
Today, we answer listener questions on rabbi trusts, trust-owned brokerage accounts, and adjusting asset allocation. We also learn about how a group of emergency physicians fought to preserve their in...
Here's a look at how retirement savings have changed over the past fifty years, from pensions to DIY investing.
How well do you know these key investing terms? Take our quick quiz to find out.
Thanks to sequence of returns risk, the investing strategy that helped you accumulate a healthy sum for your retirement can work against you once you quit work.
Here's how to think about life and finances in the first year of your baby's life. You don't have to do everything, but here's a list anyway. The post The 18 Things You MUST Do in Your New Child’s Fir...
In the back half of my career, the questions of when and how to transition into the “post-primary career” phase grow more prominent daily. The post How I’m Thinking About Retirement appeared first on ...
What if we’ve misunderstood quitting all along? What if persistence is overvalued, and strategic quitting is actually a marker of wisdom? The post Quit Smart: Escaping the Trap of Relentless Persisten...
After getting my first attending paycheck, I knew I had to make smart decisions. Here's how I made those decisions and the mistakes I made. The post The Financial Life Shift: What We Did When I Finall...
Part of the reason I've been writing about distribution and the importance of eventually betting on yourself was to gear myself up for Y Combinator Demo Day. For those unfamiliar, YC is the largest an...
Everyone wants to invest in the next hot thing. Today, it's SpaceX. Tomorrow, it might be OpenAI or Anthropic. Twenty-five years ago, it was Pets.com. More recently, investors have chased the exciteme...
Trump Accounts are a new type of tax-advantaged investment account designed to help children begin saving and investing early in life.
This podcast episode talks with Jeromey Thornton about the evidence behind factor investing, how Avantis Investors approaches portfolio construction, and what sets the firm apart from other fund provi...
This week, a simple quote about wasting time sparks a deeper conversation about why retirement isn't meant to be endlessly optimized. In the Retirement Toolbox, we compare mutual funds and ETFs, explo...
Here are two perspectives on the personal risk that physicians face during their careers, highlighting some of the key hazards. The post Property and Casualty Risks Could Cost You Millions If You Igno...
SAVE is going away. The RAP plan is taking its place. If you have student loan concerns, here's what you need to know before July 1. The post RAP Explained: Now That Save Is Dead, Here’s What Physicia...
After watching my children navigate a much less forgiving economic environment than we had, I've found the best way I could help them. The post Creating a Family Resilience and Emergency Fund for Rare...
People take their Finance 101 class from a Dave Ramsey or a JL Collins. My first teacher was Suze Orman and her Can I Afford It segment. The post Can I Afford It? A Celebration of My Favorite Financia...
Kids who grow up with savings accounts are more likely to learn the basics of managing and investing — and more likely to attend college.
If you're looking to avoid probate or you to need to plan around Medicaid, a Lady Bird Deed might be the right estate planning tool for you. The post Lady Bird Deeds appeared first on The White Coat I...
To outperform the masses, we must take more risk than average. One way to do so is to invest in venture capital. However, venture capital is a form of patient capital, and patient capital requires tim...