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How Much Money Do Doctors Make a Year? Salaries Have Yet Another Disappointingly Small Increase
According to a new survey, the average doctor's salary rose slightly in 2023. Here's what doctors make in a year. The post How Much Money Do Doctors …
Why You Need Disability Insurance (and I Need Shoulder Pads)
Protective gear is like the disability insurance in your financial plan. You don't expect you're going to need it. But you might. The post Why You N…
I’ve Been Semi-Retired for a Quarter Decade: Do We Have Enough Money? Am I Bored? Are We Happy?
The first quarter of a decade since I left my full-time job and chose semi-retirement has been a blur. Here's everything we've experienced. The post …
Step Up in Basis — What You Need to Know
The step up in basis at death is a critical financial concept to understand. It affects investing, estate planning, and asset protection. The post St…
Life as a Military Physician — 10 Things I Loved About Being a Military Doctor
There are a lot of great aspects of practicing medicine in the military. Here are 10 of my favorite things about being a military doc. The post Life …
Financial Lessons from My Family’s Experience with Long-Term Care Insurance
My experience with my father's long-term care insurance company has not been an easy one. But I've learned quite a few lessons. The post Financial Le…
Getting to Know Jim: His Past, Present, and Future Relationship with Money
We are turning the tables, and Dr. Jim Dahle is being interviewed by our friend of WCI, Dr. Tyler Scott. Tyler asks Jim about his views on money grow…
13 Ways to Screw Up Tax-Loss Harvesting
It's amazing all of the different ways people can screw up tax-loss harvesting. Let's outline a few mistakes to help others avoid them. The post 13 W…
From Free Resident Meals to $750,000: Unleashing the Power of Behavioral Economics
I'm not even an attending yet, but we've saved up close to $1 million. How did we do it? It all started with some free food. The post From Free Resi…
The Importance of Real Partners
Last summer, I suffered serious injuries as a result of a long fall while climbing in the Tetons. Here's who I needed to count on afterward. The post…
WCI Travel Club: Memorable Trips to Chile, Lake Powell, and the Oregon Wine Country
Here's another edition of the WCI Travel Club, where readers can write about their worldly adventures and what they learned from them. The post WCI T…
5 Rules for Evaluating a Rental Property Investment
Before you buy an investment property, you should run a few numbers to make sure it will be a profitable investment. Here's what to know. The post 5 …
The Case for Ending PSLF — And What You Should Do
With so much talk about the future of PSLF, many young physicians who are counting on loan forgiveness are nervous. Here's what you can do. The post …
Get Your Tax Bill Down
Answering reader questions about tax-loss harvesting, tax implications for changing your 529 beneficiary, gift tax rules, tax withholdings, and the h…
Life Changes and Renters Insurance Needs: How Residency, Moving, and Marriage Affect Your Coverage
Residency comes with unique financial challenges. Still, renters insurance is an affordable and practical protection that is much needed. The post Li…
How to Calculate Dollar-Weighted Return Formula in Excel — The Excel XIRR Function
Do you know how to calculate your investment return accurately? Use XIRR. This demonstration shows you how and includes spreadsheets. The post How to…
Simplify, Simplify, Simplify — Real-Life Dilemmas
Simplifying your financial life is hard. Here are 16 real-life dilemmas where I'm trying to figure out how I can erase portfolio complexity. The post…
ETF vs. Mutual Funds: Pros and Cons
ETFs are great, but so are mutual funds. What are the pros and cons? Choosing the right funds depends mostly on cost and convenience. The post ETF vs…
What Serving as an Expert Witness Taught Me About the Practice of Medicine
I recently served as a defendant's expert witness in a medical-legal case, and it profoundly changed my perspective on medical practice. The post Wha…
How to Move Up to the Next Level and Buy a Multi-Million Dollar Home
An emailer asked about the best way to buy a $3 million home without selling their current home. Here are seven options to think about. The post How …