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...

Retirement Planning Under Tax Law Uncertainty

Donald Trump and the Republicans will soon unveil their long-awaited tax proposal. It's expected that they will introduce cuts to business and individual income...

What Is The Value Of A Roth IRA?

While introduced only in 1997, the Roth IRA has become a major retirement vehicle for millions of Americans. While everyone knows that the Roth...

To Win the Savings Race, Don’t Pace Yourself

I ran my first and only half-marathon the year before I started medical school. It was a small half-marathon in Queens, and my goal...

The Impact Of Stock Market Volatility On Retirement Planning

We can control most of the variables that will affect our financial futures. We can control our income by choosing to work more hours...

Should You Invest In A Bad 401(k) With High Fees?

Everyone knows the benefits of investing in a 401(k). You get that upfront tax deduction and tax-deferred growth on your investments. However, unlike in...

What Is A Good Savings Rate For Retirement?

One of the most common questions graduating residents ask is how much they should be saving for retirement.  They are about to grow into...

Financial Calculations with the Future Value (FV) Spreadsheet Function

Physicians are notoriously averse to math. From acid-base calculations in general chemistry to memorizing Winter's Formula for USMLE Step 1 and the clinical wards,...

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...

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...