Whole life insurance is frequently inappropriately sold to doctors and high-income professions. These are the top questions about whole life insurance I get by email, by blog post comment, on the WCI Forum, and in daily life.   Should I Buy Whole Life Insurance? Probably not. Whole life insurance does four things: Provides a death benefit in case you die ...

The rate of inflation went up this Spring and that has caused some significant fluctuations in the market as well as a lot of talk about inflation. Given the fact that inflation has been low for so long, novice and young investors may not know a lot about inflation, so today we’re going to take an in-depth look at it. ...

[Editor’s Note: Today’s WCI Network post is from Passive Income, MD, and describes a surprising number of doctors and one solution to their issue of living paycheck to paycheck.  ] I was having a discussion with a colleague recently, and the conversation eventually turned toward finances. He informed me that if his home refinance didn’t go through, he would have ...

Endowing a university scholarship requires little effort, costs less than you might think, and allows you to be pretty specific about who gets the money. Many of you know about The White Coat Investor Medical School Scholarship program. We run it right here on the blog. It is essentially an essay contest that gets close to a thousand applications a ...

June 15, 2021 Employers Want Help with Health Costs The cost of employer health insurance has skyrocketed, and workers are picking up some of that growing tab. Amid employees’ grumbling, employers are loath to push more of the cost onto their workers. That’s why the consensus view among major employers, expressed in a recent survey, sounded like a cry for ...

June 10, 2021 Here’s Why People Don’t Save Enough In the United States and Singapore – places that emphasize self-reliance – many older workers and retirees admit that, if given a do-over, they would have saved more money over the past 20 or 30 years. Regret was more common in the United States – 54 percent of older Americans had ...

June 17, 2021 Workers Overestimate their Social Security The U.S. Social Security Administration reported a few years ago that half of retirees get at least half of their income from their monthly checks. For lower-income retirees, the benefits constitute almost all of their income. Yet Americans have only a vague understanding of how this crucial program works – one of ...

This podcast is all about you and what you want to talk about. Today it is investments. How do you calculate return on investment? What is the best way to use a UTMA account? Why shouldn’t you go 100% TIPS? Which is better for investing, dollar cost averaging or lump sum? These are the topics we discuss in this episode. ...

[Editor’s Note: Today’s guest post was submitted by a regular reader and Anesthesiologist from Newport Beach, CA that wishes to remain anonymous. I applaud her patience and persistence in a difficult situation as well as her willingness to look at her own relationship with money. We have no financial relationship.] Can you achieve financial security when your partner is not ...

[Editor’s Note: For a limited time, if you refinance at least one federal loan, Common Bond is offering 0% APR for the first 6 months of your student loan refinance. This deal is in addition to their usual $300-$550 cash bonus. Click here for more details. And, we’re sweetening the deal by giving away for FREE our flagship course, Fire Your Financial Advisor (a $799 ...

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