Podcast #205 Show Notes: Understanding Required Minimum Distributions A lot of people have this fear of required minimum distributions. Understanding how RMDs work is important but you don’t need to fear the future taxes. One listener was concerned that they would end up losing money in retirement because not enough time and effort was spent in planning strategically for RMDs. ...

Episode #202 Show Notes: Working Together with Your Partner, with Mrs. WCI Managing finances with your partner can be challenging but it is hard to be successful if you don’t learn to do it well. In this episode, I discuss with Mrs. WCI how we have learned to work together to strengthen our relationship and our finances through the long ...

Podcast #201 Show Notes: When to Rent vs Buy a Home It is that time of year again when many doctors start asking, should I keep renting or buy a home? Truthfully many are asking, how can I get someone to loan me money for a home right now? But what we wish they were asking is, should I buy ...

March 9, 2021 Will More Aid to Parents Be Permanent? To lift families out of poverty during the pandemic, Congress is on the verge of passing a substantial increase this year in the standard child tax credit as part of President Biden’s broader relief package. But despite the sharp divide over the $1.9 trillion package, some senators – both Democrats ...

[Editor’s Note: Today’s post is from Passive Income MD. You’ve heard of people making a killing with AirBNBs and VRBOs, but it’s also entirely possible to have a bad return on your time and money with short term rentals. With short term rentals you’re not in the landlording business, you’re in the hotel business. As many people discovered during the ...

March 4, 2021 Federal Minimum Wage is 40% Below 1968 Largely missing from the debate about raising the federal minimum wage is how much its value has eroded over the past 50 years. The current federal minimum is $7.25 an hour. If the 1968 wage were converted to today’s dollars, it would be worth about $12 an hour. At $7.25 ...

Podcast #198 Show Notes: Where to Save $100K for Private Real Estate The better real estate investments, at least the passive ones, are the private real estate funds. Unfortunately, they generally have higher minimum investments ranging from $50K to a million dollars. Obviously, if you have to spend time saving up for those investments you want to have a decent ...

[Editor’s Note: February 22, 2021, is the last day to receive SALE pricing on the newly updated Fire Your Financial Advisor course and our new CME eligible course, Financial Wellness and Burnout Prevention for Medical Professionals. This new CME course includes EVERYTHING in Fire Your Financial Advisor AND an additional eight hours of wellness content. You’ll have unlimited access (and ...

For medicine and healthcare nationally, it is not good that, as physicians, we are tending to abdicate our leadership opportunities. If we refuse to do it, less qualified people are going to take on that role, with consequences which we don’t necessarily want. In this episode, we discuss physician leadership with Dr. Brent Lacey. We talk about how to overcome ...

[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 ...

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