Q. I Am Tired of Paying Taxes and I Hear There Are Tax-Free Investments Out There. What Are They, and Should I Use Them? Many physicians are heavily taxed, so it is no surprise you are looking for ways to invest that do not increase your tax burden. However, it is critical that you pay attention not just to the ...

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. ...

If you are paying above 3% and have less than 15 years left on your mortgage or you’re paying above 4% on a longer mortgage, get off your duff and go get a “no-cost” refinance. That’s where you get an above-market rate where the lender takes some of the extra money they make for giving you that higher rate and ...

March 18, 2021 Retirees Who Tested Well Added More Debt A new study finds that debt burdens have grown for older workers and retirees in recent decades. But this isn’t the first research to reach that conclusion. What is new is whose debt burden is increasing the most: the people who score higher on simple memory and math tests. Across ...

Long-time readers know we’ve done The White Coat Investor Scholarship for years, giving out as much as $100,000 in cash and prizes. However, in 2019 we started doing another award, this time for attending level physicians and dentists. This is the financial educator award for people who are trying to boost financial literacy among their colleagues, trainees, and students. In ...

[Editor’s Note: Tomorrow, March 30, 2021, is the final day to receive $100 off on our new CFE 2021 course! CFE2021 is approved for up to 17 CME credits and includes all 50+ hours of content from our recent Physician Wellness and Financial Literacy Conference. Register here RISK-FREE today!] Many doctors wonder, “Should I buy disability insurance as a resident?” Long-term disability ...

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:  Enrollment is open for a new course from The Expert Witness Startup School teaching everything you need to know to launch and build your own expert witness business in 8 weeks! This course gets you building an income as an expert witness in the highest-yield and fastest way possible. Click here to register and learn more. The course ...

→ Save time. Save paperwork. Save dollars. Esurance ←