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Flash FIRE warning: The Dangers of Sharing Financial Independence

Financial Independence Retire Early

Fire is a passionate and unforgiving substance.  It keeps you warm, heats your meals, and provides light in the dark.  When wielded carefully, it is a force to be used for good.  Financial FIRE (Financial Independence Retire Early) is no different. We all remember what it was like when that FIRE lit up the dark … Read more

What is a Safe Withdrawal Rate? A Case Study on The 4% Rule

If you have ever wondered about how much you can take out in retirement or if you will be able to withstand a down market right when you retire, this post is for you. It is a case study with graphs and charts that will help you better understand the dilemma, and whether you have “enough” to be financially independent. It is a must read.

Introducing The Monthly Checkout

The Monthly Checkout

In medicine, we have to handover care to the physicians coming behind us.  At least, for those of us that do shift work that is true.  Just like we run the list to check out on the patients we are taking care of, we will run a list of articles I think you should read.  So, this will be the first of many Monthly Checkouts where I hand select articles that I really think are worth checking out to you. 

2nd Quarterly Net Worth Update

getting paid

I started blogging in November 2017. So, my first quarterly net worth update was six months out (or two quarters into being an attending anesthesiologist). How am I doing now? What goals have I achieved? Grab a drink, sit down, and come find out in the 2nd Quarterly Net Worth Update.

How to access 401K early (before 59.5 & avoid 10% penalty)

mountains and valleys

He was planning to retire early at age 40 and didn’t want to have to deal with the tax implications of getting money out of a 401K/403B prior to age 59.5 years old (10% penalty!). Let’s discuss the options on how to access 401K before age 59 for those considering early retirement, and how to avoid the 10% penalty.

How do I invest my paycheck? Attending Series

investing pay check

The most common question that I get (in real life and online) is the following:  “So, I am finished (or about to finish) training.  How do I invest my paycheck?”  I recognize that for many readers this question may be too basic, but I don’t want to skip it for those that are about to start their life as an attending.  Hopefully, even for those that have it all figured out, they’ll find useful information in answering the question.

What you need to know: Vanguard financial advisors

lonely road

It’s the biggest mutual fund company in existence now known for their (passive management) index funds. You guessed it.  Vanguard. Yet, Vanguard is now recommending financial advisors…  Why does Vanguard recommend financial advisors?  Are they worth it? Let’s take a look.

The Tenth Philosophy: TMF Personal Finance Calendar

Ever wondered if there are certain months where specific financial tasks should be completed? Ever forget a deadline because you forgot to write it down? How often should you rebalance your assets? The Moderately Frugal Personal Finance Calendar aims to answer this, and much more.

All Insurance Agents Are Not Created Equal

[This is a guest post from Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF. It is a basic post, but drives home a solid point, which is to discuss how to choose the insurance sales person with which you should work. Given that I’ve had some bad experiences with an insurance salesman myself, I thought … Read more

The Ninth Philosophy: DIY Personal Finance

I often ask people, “Do you think you are dumb enough, if you put just a little time in, to make 10 million dollars worth of mistakes?”  The point I am trying to make is that, with just a little bit of do-it-your self personal finance education, you can be your own financial advisor.  Today we will discuss exactly how to go about this!