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A Simple Retirement Calculator For Physicians

Retirement planning can be made endlessly complicated with terminology and complicated spreadsheets. Many physicians get so intimidated by the alphabet soup of retirement planning that they often just throw their hands up and not do any financial planning. I wanted to make a calculator that breaks down retirement planning into as few variables as possible, […]

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Are Emergency Funds Necessary For Physicians?

Emergency funds have been under fire recently. Once a bedrock principle of personal finance, the role of the emergency fund has evolved. Let’s look at the arguments for and against emergency funds, and see if medical students, residents, and/or attendings should hold these accounts. Dave Ramsey, Suze Orman, And Emergency Funds The standard advice of […]

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How Much Bonds Should You Have In Your Portfolio?

Bonds have been getting a bad rap recently. Investors have been reducing their bond allocation for years as the stock market rises to new highs. Some investors, especially younger ones, are even talking about eliminating their bond allocation altogether and holding 100% stocks. People have their reasons for avoiding bonds. They are worried about the […]

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Forum Mailbag: Slaughtered Pigs Trading Adage, Finance Camp For Kids, Paying Cash Or Financing New Car, And More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, and Rockstar Finance. This is a roundup of my favorite discussions happening around the internet. 1. White Coat Investor: Bulls Make Money, Bears Make Money, Pigs Get Slaughtered Question: Donnie was wondering what is the […]

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How Many Of These Common Investing Mistakes Are You Making?

Through my years of following the markets, I’ve identified many mistakes that investors make again and again. Even experienced investors are prone to some of these common errors. How many of these investing mistakes are you making? Not Investing Enough It takes money to make money, and many physicians are simply not putting enough of […]

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Forum Mailbag: Overspending Physicians, Using Emergency Funds, Buying a $2,000,000 Home, And More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, and Rockstar Finance. This is a roundup of my favorite discussions happening around the internet. 1. White Coat Investor: Overspending Physicians Question: WCI forum regular Vagabond MD was reconnecting with some physician acquaintances back […]

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