The Tale of Two Doctors: The First Paycheck

tale of two doctors

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.

Should I invest in my 457 plan?

457 plan

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.

5 Reasons Investing in Individual Stocks is for Losers

Should I invest in individual stocks

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.

Alternative Minimum Tax (AMT): Will I pay the AMT?

Alternative Minimum Tax: AMT

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”

Investing Advice for Doctors: The Pareto Principle

Investing advice for doctors

The Pareto Principle can be stated many ways, but the premise is that 20% of the work will get you 80% of the results. Investing advice for doctors is no different. It may seem complicated, but with a little knowledge about what falls into the 20% doctors need to know about personal finance it doesn’t … Read more