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...
How To Invest In A 401(k) Or 403(b) Plan (Intern Financial Survival Series)
Welcome to residency, new interns! Your formal schooling is complete, and you are now working for a real paycheck. While you will be supervised...
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...
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...
Why You Shouldn’t Try To Be A Billionaire
A while back, Physician on FIRE discussed the dream of a $10 million dollar portfolio. It’s certainly doable, but for most physicians, the likelihood...
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,...
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...
It’s Official: Backdoor Roth IRAs Are Legal!
While the Backdoor Roth IRA strategy has been employed by high-income individuals since 2010, its legality was questioned by some because of the IRS...
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...
How Much Do You Need To Save For Retirement?
One of the first personal finance questions people ask when they begin financial planning is "How much do I need to save for retirement?"
Google...