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...
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...
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...
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...
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,...
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...
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...
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...
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...