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...
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...
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...
Wade Pfau and the Safe Savings Rate
Retirement planning can be split into two phases, the accumulation phase and the spending phase.
The spending phase has been pretty well-studied, with the backbone...
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...
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,...
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...
Does Your Asset Allocation Change As You Become Wealthier?
Investors should be wary about being too aggressive with the asset allocation early in their careers. As I wrote a few weeks back, many...
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...