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Psychology Versus Math In Personal Finance

Many personal finance questions boil down to a decision between psychology and math. When deciding between two options, you can run the numbers and know which option makes more sense financially. However, even while knowing the math, some people choose to ignore the numbers, and make decisions that don’t maximize their net worth. Are these […]

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Forum Mailbag: Older FI Docs Not Retiring, 403(b) vs Taxable for Residents, Warren Buffet Bet Post-Mortem, 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: Should Older FI Docs Retire Earlier? Question: People have previously asked whether it is ethical […]

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Everybody Has A Plan Until They Get Punched In The Mouth: Mike Tyson And Asset Allocation

Asset allocation is one of the most important decisions an investor needs to make. To determine your mix of domestic stocks, international stocks, and bonds, you need to determine your appetite for risk. The first step of asset allocation is deciding what percentage of your money to put in stocks versus bonds. People who are […]

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Forum Mailbag: No 401(k), Where To Park Emergency Fund, Moving From Saving To Spending, 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: No 401(k) Question: Bobkat just finished residency and is working at a place which doesn’t give […]

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