Should You Convert Your 401(k) To A Roth IRA After Residency/Fellowship?
Many residents and fellows will contribute to a 401(k) or 403(b) over the course of their medical training. They should be commended for saving...
Is It Still Worth It Financially To Go To Medical School?
It is no secret that medical school is getting very expensive. Over the past 20 years, the cost of medical school has greatly outpaced...
Completing A Financial Fellowship
In many areas of medicine, there is the ability to undergo additional training for specialization. For most specialties, additional training via fellowship usually means...
Ten Reasons Why Medicine Is An Awesome Career
I feel privileged to be practicing medicine. Many people consider doctor careers and imagine how great it may be. Is it the right thing...
Building Wealth: What’s Your Threshold For Penny-Pinching?
Back when I was a resident, I lived in a high cost of living area. About one and a half of my paychecks went towards...
Bull Case / Bear Case: Why The Stock Market Will (Or Won’t) Rise In...
At the beginning of the year, I wrote that there were equally strong arguments that the stock market would overperform or underperform in 2018....
Have Fun Learning About Personal Finance By Playing Fidelity’s New Interactive Game
Personal finance can be pretty boring, especially for those in the millennial generation.
As a result, the savings rate in America is abysmal. Many Americans...
Why Japanese Workers (and Medical Residents) Should Pursue FIRE
In the years following WWII, the U.S. helped Japan rebuild infrastructure and institutions. From that time onward, the relationship has been mostly a bromance....
Saving For College: Introduction to 529 Plans
Saving for a child's college education is one of the biggest expenses in a young physician's budget. Most physicians will not qualify for need-based...
How Your Credit Score Is Like Your Board Scores
I've talked about the credit score before (see Your Credit Score - Demystified). By virtue of you being a FPMD reader, there's a very...