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Deferred Compensation Plans — 457(b), 457(f), and 409(a)
More and more physicians are being offered deferred compensation plans at their workplace. Here's what to know about 457s and 409s. The post Deferre…
The Most Common Questions I Get Asked By Young Doctors
When I give my annual talks to residents and young docs, they ask many of the same questions. Here are all the answers. The post The Most Common Que…
Taxes in Retirement, Tax-Gain Harvesting, and Avoiding Probate
Answering reader questions about tax liability in retirement, Social Security tax limits, tax-gain harvesting in UGMA accounts, and whether it is imp…
How to Think About Credit Card and Travel Hacking
Credit card rewards and travel hacking can allow you to spend more than you otherwise could. But there are a few potential downsides. The post How to…
I Hadn’t Shopped for Insurance in Decades — Could I Have Been Saving Thousands Every Year?
I hadn't shopped around for insurance in decades, so I took some time and went through Farmers Insurance Choice to see if I could save money. The pos…
Why ‘Buy the Cheapest Home in a Nice Neighborhood’ Could Be Horrible Advice
Buying a cheap home in a nice neighborhood sounds smart, frugal, and wise, right? In reality, it might be a terrible decision for you. The post Why …
Highlights and Behind the Scenes Stories from WCICON25 (Where Babies Learned and Loans Were Forgive…
Now that WCICON25 is officially over, let's go behind the scenes while I tell you some of my favorite stories from the conference. The post Highlight…
Retirement Income Strategies — And Here’s Our Plan for When We FIRE
What's the point of all these income strategies in retirement? Let’s look at the risks and benefits of some and why you might consider them. The post…
Should You Do a Roth Contribution or Conversion?
The most complicated routine question for investors is the annual dilemma about Roth contributions and conversions. Here's what to know. The post Sho…
Tail Coverage, Whole Life, and Other Insurance Questions
Answering reading questions about tail insurance coverage, annuities and whole life insurance and why you should avoid these products, and the implic…
Disclaiming an Inheritance: How, When, and Why
Most people appreciate the assets or sentimental items that comes from an inheritance. But if you don't want it, here's what to do. The post Disclaim…
Setting Expectations for the Moderate-Income Physician
My income is modest by physician standards, but it's still pretty darn good by American standards. Here's how I set expectations for myself. The post…
529 Insanity
You don't need $1 million in a 529. A 529 doesn't have to pay for everything either. Here's how to break away from the 529 lunacy. The post 529 Insan…
The X Factor
Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Here's how to get to the next level. The post The X Fa…
Deferred Sales Trust: An Alternative to a 1031 Exchange
If you're looking for the best tax-efficient way to sell a real estate investment, should you use a deferred sales trust or a 1031 exchange? The post…
Planning to Retire? Exit Strategies for Physician Private Practice
If you're thinking about retiring from your private practice, here are a few things to think about before you get ready to sell. The post Planning to…
Roth IRAs, 457(f)s, and Other Retirement Account Questions
Answering reader questions about Roth IRAs and the pro-rata rule; self-directing your solo 401(k), 457(f)s, and 457(b)s; and when to do Roth conversi…
Nervous About the Government Taking Away PSLF? Start a PSLF Side Fund
Worried PSLF is going away? The solution isn't to avoid the program; it's to save up a PSLF side fund you can use just in case it does. The post Nerv…
Fired Without an Emergency Fund!
What are you supposed to do if you're laid off or fired and you don't have an emergency fund in place? Here are seven steps you can take. The post Fi…
Best Investment Portfolios — 150+ Portfolios Better Than Yours
A good investment portfolio is diversified, low-cost, passively managed, and consistent with your risk tolerance. Which one is best for you? The post…