After spending the last few years paying off all of our non-mortgage debt, including our $200,000 in refinanced student loans, my family finally now has enough monthly cash flow to open a Vanguard brokerage account (i.e. taxable account). When considering how to open a brokerage account, I was confronted with many questions that I felt … Read more
I still loved driving my Chevy SS. The roar of the naturally aspirated V-8 as I churned through the gears on my manual transmission was intoxicating. Yet, the lack of practicality eventually got to me. So, I traded in my Chevy SS for a Ram 1500 and saved 25% off of the retail price in … Read more
It is the time of year when freshly minted interns are about to be made, and graduating residents are about to become brand new attending physicians. So, I thought it might be helpful to outline how I created and then maintained my personal finance knowledge base during those times of transition. Specifically, this post is … Read more
The Physician Philosopher website is geared towards helping young medical professionals and trainees, I think it’s useful to talk about ways to supplement our incomes. After all, this really helps us build wealth more quickly. This is often done through side hustles such as locum tenens work, medical malpractice reviews, incentives, and even making an invention!
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.