I woke up early one morning a few months ago worried about a financial situation. It wasn’t my financial situation. It was yours. At least many of yours. And the more I thought about it, the more angry I became. By the time I drug my butt out of bed, I was furious. Truly. I’m mad at everyone in this ...

[Editor’s Note: Do you have a new perspective or expertise you’d like to share with the WCI community as a guest post? We want to hear from you! Submit your article by June 10 to be considered for Summer 2020 publication. See our guest post policy for more details.]   Residents are busy folks.  Their time is consumed with clinical ...

[This post was originally published in 2015, but it was fun to go back and review for republication now in April 2020. Note that my current asset allocation is slightly different from what is in this post as it was changed in 2017. I feel even more strongly now about having a written investing plan (investing policy statement) than I ...

[Editor’s Note 1/23/2020: This popular backdoor Roth IRA post has been updated with 2019/2020 contribution limits where possible. However, take notice that the video and Form 8606 were created in 2017 and contain contribution limits for that year. The process of filling out the form is still the same regardless of how future contribution rates change so I’ve left them ...

[Update for 2020: This post originally ran in January 2014. Since then it has been one of the most popular posts on the blog (2nd actually, just behind The Backdoor Roth IRA Tutorial and ahead of a Whole Life Insurance Post). There were really two points to writing the post: To help new investors realize there is no perfect portfolio ...

Some of the best financial advice ever given to me by a colleague is encompassed in these four words: “Live like a resident.”  Simple, yet profound.  There are really five pieces of advice encompassed in this short phrase. # 1 When You are a Resident, Don’t Live Like an Attending It appalls me to see someone taking out just as many ...

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