[Editor’s Note: Today’s post by The Physician on FIRE is about investment related scams. There are a lot of these out here. Many times they are PURPOSELY made outrageous sounding, so that the perpetrators only have to deal with the truly gullible. But there are still plenty of subtle scams out there, so follow POF’s tips to avoid them. ] ...

[Editor’s Note: Would YOU like to be a White Coat Investor “Champion” for your medical or dental school class? If you’re a first-year US MD/DO/Dental student please check here to see if your school is still available and apply by April 15, 2021, to be considered. Champions will pass out FREE copies of The White Coat Investor’s Guide For Students ...

February 25, 2021 Diverse Population Uses Nursing Homes Less Since the 1980s, the share of the U.S. population over 65 has grown steadily. At the same time, the share of low-income older people living in nursing homes has declined sharply. New research by the University of Wisconsin’s Mary Hamman finds that this trend is, to some extent, being driven by ...

Attorneys who specialize in asset protection often use a lot of fear in their marketing materials. They want us to feel like we are going to be sued and lose everything. Is this fear appropriate? How much anxiety should a doctor really feel about asset protection? Our guest in this episode is Jay Adkisson, an expert in asset protection. We ...

November 12, 2020 Opioids and Workers with Disabilities Everyone knows about the dangers of opioid addiction. But prescription opioids can be useful to people with physical disabilities if they ease their pain so they can hold down a job. A new study finds that this might be occurring in certain parts of the country where more opioid prescriptions are written. ...

November 10, 2020 Does Retiring Cause Memory Loss?  After four or five decades of work, retirement is liberating! It’s gonna be great! Right? Well, not necessarily. It depends on how you retire. In this video, Ross Andel, director of the School of Aging Studies at the University of South Florida, warns that a risk to retiring is that it ...

[Editor’s Note: The 2021 Physician Wellness and Financial Literacy Conference AKA WCICON21 will be LIVE next week March 4-6! There’s still time to register for this exciting interactive virtual event with nearly a thousand attendees participating in live Q&A sessions, panel discussions, chats, and meet-ups. We have fantastic prizes ready to give away — from Amazon gift cards and iPads ...

Just as diversification in your portfolio is valuable, so is receiving income from uncorrelated, multiple streams of income.  Physicians, unfortunately, might be some of the worst players when it comes to diversifying income. Some streams are more passive than others, but they are all useful, especially in times when something happens to an individual doctor’s income or, as we saw ...

[Editor’s Note: Tonight at Midnight (MST) is the last chance to receive $100 OFF on the UPGRADED Fire Your Financial Advisor course and the all-new CME option, Financial Wellness and Burnout Prevention for Medical Professionals. Secure sales pricing today with code WELLNESS100 and take either course when convenient for you!] Last year I wrote a post about the S Corp ...

January 5, 2021 Our Popular Blogs in the Year of COVID 2020 was a year like no other. But despite the pandemic, most baby boomers’ finances emerged unscathed. The stock market rebounded smartly from its March nosedive. And the economy has improved, though it remains on shaky ground. Our readers, having largely ridden out last spring’s disruptions, returned to a ...

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