Investing in your 401K/403B is a straight-forward decision, even if you are loaded up with debt. A much more complicated question to answer is whether you should contribute to your company’s deferred compensation 457 plan. Today’s post will answer the question, “Should I invest in my 457?” The What, when, and why.
If we ignore the desires of our heart and deny our ability to enjoy anything, this places us in an uncomfortable disposition towards discontent. Likewise, if we ignore the head we are destined towards financial ruin. Let The 10% Rule make both your head and your heart happy.
You’ve made it to your first attending pay check. Great! Now what? Is it really that important to start investing? Surely I can enjoy the big pay bump. Let this Tale of Two Doctors answer the question “What do I do with my first paycheck”? Come join Dr. Jones and Dr. EFI as they tell their tale.
The Pareto Principle can be stated many ways, but the premise is that 20% of the work will get you...
Backdoor Roth IRA contributions and conversions can be a bit confusing. Do you know when you can contribute to an IRA? How much can you convert? Sometimes knowing the rules can work to your benefit.
Burnout is costly. Yet, preventing burnout can also cost a lot of money. Would it be worth it for hospitals to chase after this goal?
There is a lot that you can learn about investing, and yet even the experts don’t believe the “how to” portion is the most important thing you should learn about investing. What is it then? What is the most important determinant to your investing success? Keep reading to find out.
Many people have enjoyed the successes (and more often the failures) of investing in individual stocks. If you have ever wondered if you should invest in individual stocks, this post is for you. And, if you currently do this sort of thing, I might call you a loser in this post. Read it at your own peril.
The Alternative Minimum Tax (AMT) is an archaic tax law that was originally intended to make sure that high income earners were “paying their fair share.” As if the tax law was not complicated enough, the tax law experts thought it necessary to not only calculate your taxes once, but twice. The first time it is calculated through the regular methods (brackets, etc) and the second time through the AMT. Whichever is higher is the tax you pay. So, today we will answer the question “Will I pay the AMT”
In The Physician Philosopher's Guide to Personal Finance,...
Mouse is a self-described husband (to a doctor), father, engineer, and finance blogger. He builds awesome money models to predict the chances people have at successfully reaching their goals. Today, we will see Mouse’s model for me and answer the pen-ultimate question: Will I be able to retire?
In medicine, we have to handover care to the medical providers coming behind us. 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 are worth your time to read. Today, we will discuss The June Monthly Checkout.