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10 Best Tax-Free Investment Options to Consider
Successful investors will take advantage of tax-free investments to lower their tax burden but should take care not to sacrifice higher returns in do…
Your Guide to Short-Term Rentals
Platforms like Airbnb and VRBO have gained immense popularity. Here is a guide to short-term rentals and how one can get involved. The post Your Guid…
Pregnancy Disability Insurance
A common question from female docs is whether disability insurance covers pregnancy-related issues. The short answer is no and yes. The post Pregnanc…
401(k)s, IRAs, 403(b)s, and Other Retirement Account Questions
Answering reader questions about rolling a 401(k) into an IRA after changing jobs, how to do a 403(b) rollover, and how to pass non-discrimination te…
Don’t Be Car Poor
Every once in a while, I like to rant about one of my personal finance pet peeves: how being car poor keeps you from building wealth. The post Don…
Managers Don’t Beat Markets (Why Index Funds Are the Best Way to Invest in the Stock Market)
Many investors, even white coat investors, think they or their money manager can beat the market. Here's why they're all probably wrong. The post Man…
When Should Doctors Use a Personal Loan?
Here are all the things that doctors should ponder before they sign their name to taking out a personal loan. The post When Should Doctors Use a Per…
Safe Savings Rate — What Percentage of My Income Should I Save for Retirement?
Are you hoping to retire one day? How much do you need to start saving? Here's what percent of your income you need to put away. The post Safe Saving…
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…