[Editor’s Note: In today’s WCI Network post, Physician on Fire shows us how he teaches his kids about money. Enjoy! And if you love FIRE or just simply can’t wait to be done with your job, check out his entire website.] How do you teach your kids about money? It’s a great question. We all want the best for our ...

A critical task for a do it yourself investment manager is to implement one’s asset allocation across their investing accounts. This is generally done to maximize the asset location (tax location) aspects of the portfolio. It’s really just a spreadsheet problem and one of the reasons I’ve said if you can’t use basic spreadsheet functions you really have no business ...

Podcast #195 Show Notes: Investing Lessons from Christine Benz of Morningstar Morningstar has been around for 36 years and is by far the best place to get information about all of the mutual funds available. Our guest in this episode, Christine Benz, is the director of personal finance and a senior columnist at Morningstar. She is the author or co-author ...

In an unexpected turn of events, Reddit—the online forum usually reserved for spicy memes, cat videos, and conspiracy theories—has emerged on the national stage as a major player in the stock market. If you are a citizen of the internet, it’s likely that you’ve at least seen some headlines regarding a particular Reddit board’s involvement in jacking up the share ...

[Editor’s Note: Today’s guest post was submitted by Dr. Sandra Weitz, a pain management specialist who grew her own practice to include 11 providers, a substantial clinic and ambulatory surgery center, as well as several other vertically integrated medical businesses. After retiring early she now teaches physicians how to maximize the earning potential of their own practices and business initiatives. ...

How Do I Increase My Savings? Q. I’m leaving the military for a hospital-employed urology practice (all W-2 income). I haven’t been a great saver the last few years but would like to do better. I know I can max out my available 403(b) and HSA, but I’m trying to decide whether to use the 457(b) or backdoor Roth IRAs. ...

529 plans are the most commonly used college savings vehicle among my regular readers. They benefit from higher annual contribution limits than Educational Savings Accounts (Coverdell ESAs), can be front-loaded for up to five years, and sometimes offer a break on state taxes. While not as flexible, they are superior to a UTMA or other taxable account due to protection ...

[Editor’s Note: Today’s WCI Network post is from Passive Income, MD, who gives his recommendations for the first steps beginners can make to start investing in real estate. Peter loves to introduce people to real estate as a method to get solid long-term investment returns and to improve your current tax advantaged tax flow. If you haven’t already subscribed to ...

[Editor’s Note: Today’s guest post was submitted by Dr. Garrett Rossi, a psychiatrist that blogs at Shrinks in Sneakers. Dr Rossi proposes some reasonable changes to Public Service Loan Forgiveness (PSLF) for the Biden administration and Congress to consider. We have no financial relationship. See the end of the post for an editorial note about the current state of student ...

Podcast #194 Show Notes: The Backdoor Roth IRA Made Easy Everyone should be contributing to a Roth IRA every year. This is retirement account space that you can’t get back. Many of us need to contribute to the Roth IRA through the backdoor, which can be confusing. In this episode, we discuss what a backdoor Roth IRA is, steps for ...

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