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Are You Saving Too Much? A Case For Loosening The Purse Strings

Most physicians save too little and spend too much, making it very difficult for them to save enough money for retirement. On the other hand, some physicians, particularly those who frequent my blog and other personal finance blogs, are doing really well, saving a high percentage of their income and cruising on the fast track […]

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Race To The Bottom: Will The Price War Between Vanguard And Fidelity Lead To A 0.00% Expense Ratio Index Fund?

News came out in late July that Fidelity was again cutting expense ratios on their mutual funds. Vanguard responded emphatically in a conference call (emphasis mine): As we continue to get scale, as we continue to grow and we get more efficient, we pass a large part of that back to our clients in the […]

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Understanding The Medicare Physician Payments Database

In an era of increasing transparency in medicine, the Centers for Medicaid and Medicaid Services (CMS) has been publishing data on payments to individual physicians since 2014. The database, officially called the Medicare Provider Utilization and Payment Data: Physician and Other Supplier Public Use File, has been published annually for the past 4 years. There […]

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Forum Mailbag: Early Job Offer, Cost of Youth Sports, Domestic / International Rebalancing, 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: Accepting an Early Job Offer from Home Program Question: Antheus is in his last year […]

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Why Do Student Loans Have Low Interest Rates, But Credit Cards Have High Interest Rates?

Most of us will hold debt at some point in our lives. Some forms of debt, such as student loans or mortgages, have relatively low interest rates and are often classified as “good debt.” Other loans, such as credit cards, have very high interest rates and would be considered “bad debt.” But what determines the […]

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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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