The Traditional vs. Roth Decision for Medical Residents

Many residents are eager to begin saving for retirement during residency. Often, they will have a choice between traditional and Roth retirement accounts. Deciding...

Primary Care Physicians vs. Specialists: The Impact of Fees

With rising tuition prices, people are starting to ask whether it's still worth it to be a physician. In fact, I was asked last...

Pick Your Taxable Account Allocation Wisely

As you probably know, I am a proponent of using index funds for all of your accounts, including your taxable account. But with so...

The Trinity University Study And The 4% Safe Withdrawal Rate (SWR)

The Trinity University study is one of the most widely-cited papers in retirement planning. Its key conclusion, that a fixed 4% withdrawal rate is...

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...

Investment Returns Will Determine Your Financial Future

I love spreadsheets. Microsoft Excel was one of my favorite pieces of software when I was working on Wall Street, along with my Bloomberg...

Do A “Financial Fellowship” After Residency

Every internal medicine resident has to decide in the middle of their residency whether to go into primary care or become a specialist. This...

PCP vs. Specialists: The Impact Of Short-Term vs. Long-Term Trading

For better or for worse, there is a wide range in salaries between primary care physicians compared to surgeons and other specialists. Some of...

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,...

How Valuable is a 401(k)?

The centerpiece of any financial plan for retirement is the use of tax-advantaged investment accounts. The most well-known retirement account is the 401(k). While...