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...
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...
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...
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...
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...
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...
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...
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...
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...