May 6, 2021 Growing Job Demands Fall Harder on Some As technology transforms the work world, jobs that were once routine might now require good interpersonal skills or the ability to quickly adjust to the situation at hand. The people bearing the brunt of these challenges are the same people who were already at a disadvantage in the labor force: ...

June 29, 2021 Enrollment Trends in Medicare Options Most retirees manage to get by on less than they earned as workers. Yet they devote a much larger percentage of their income to medical care than working people. To limit their annual spending on care, retirees usually buy some type of insurance policy to help pay the bills Medicare does not ...

The Public Service Loan Forgiveness (PSLF) program is one of the best possible ways to manage federal loans. If you are eligible for this government program by virtue of your employment situation, you should almost surely take advantage. PSLF offers tax-free forgiveness of any remaining direct federal loans after 10 years of payments have been made.   Public Service Loan ...

There are a myriad of ways for owners to increase their wealth that do not involve generating any sort of taxable income, that qualify generated income for a lower tax rate, or that at least delay that taxable income to later years. This allows for owners to dramatically decrease the greatest obstacle to wealth accumulation—taxes, and thus build wealth at ...

[Editor’s Note: Today’s WCI Network post is from Physician on Fire. I love that it talks about multiple pathways to “Dublin”. I’ve written a similar post here: Three Pathways to Wealth but POF has one-upped me (two-upped me?) with this post.] Here at Physician on FIRE, I like to help people figure out how they can set themselves up to ...

Real estate can be a risky, time-consuming, illiquid investment. However, one of the best parts of being an investor in equity real estate (at least outside of a retirement account or a REIT structure) is that you can depreciate the buildings on the property. Under current law, bonus depreciation can be over 60% of your investment in the first year. ...

June 24, 2021 Women Faster to Accept Jobs. Pay Suffers Women attend college at higher rates than men. Women’s labor force participation was also fairly steady prior to COVID, while men’s declined, and women continue to move into fields traditionally held by men. Despite all this progress, women still earn much less than men. Discrimination partly explains the pay gap, ...

Residents are busy folks.  Their time is consumed with clinical work, clinical learning, and sleep.  What extra time they have should be spent with their loved ones and on other activities that keep them sane.  But at some point, there are a few financial priorities that would be foolish for a resident to ignore. This list originally had five items ...

Student loan debt is increasingly becoming a contributor to stress, burnout, and even suicide in doctors and other high-income professionals. Refinancing private student loans is a no-brainer anytime you can lower your interest rate, even as an intern. Direct federal student loans should be refinanced as soon as you know you will not be trying to qualify for Public Service ...

In this episode, we answer your questions ranging from gold bullion to Subway franchises. We also answer questions about 401(k)s, UGMA accounts, withholding taxes in retirement, and domestic vs international stock allocations. We discuss protecting your assets in a divorce, how you should invest money you don’t want locked in a retirement account, maximizing student loan disbursements with PSLF, and ...

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