[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 ...

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 ...

Student loans have been on the back burner for the last year or so, as borrowers have enjoyed 0% interest on their federal loans. There has been lots of talk in Congress about loan forgiveness and what that could look like.  With the break on interest scheduled to come to an end this Fall, student loans are about to come ...

June 8, 2021 $4 Billion in Pension Payments Returned It’s the employer’s responsibility to find former employees and keep them apprised of any retirement benefits they left behind. But that hasn’t always worked out. Some employers don’t have former workers’ current contact information, and others don’t bother to track them down. Worst-case scenarios are often fallout from a merger: the ...

[Editor’s Note: Before we get to today’s post, we want to invite you to a free, live masterclass called The 3 Pillars to Physician Freedom that will be held this week only. This masterclass, hosted by WCI Network Jimmy Turner, is for any doctor who feels trapped in medicine or who is looking to get to financial independence sooner. If ...

[Editor’s Note: Today is the final day of our FLASH SALE on WCI courses!  Use coupon code 5000SALE to receive $50 (5000 cents) off of any of our courses, You’ll also receive a free WCI t-shirt as we celebrate 5000 sales of Fire Your Financial Advisor. Sale ends tonight at midnight MST.] Purpose of the WCI Medical School Scholarship We’re very ...

[Editor’s Note: Today’s WCI Network post is from The Physician Philosopher. Remember to use coupon code 5000SALE this weekend to receive $50 (5000 cents) off of any of our courses, plus a free WCI t-shirt as we celebrate 5000 sales of Fire Your Financial Advisor. Flash sale ends Monday 6/7.] I wasn’t even ten years old when my family declared ...

If you inherited retirement accounts or anticipate leaving retirement accounts to your heirs, it is important to understand the rules and options for managing those retirement accounts. This will help you use that inherited money wisely but also make good decisions in your estate planning. We discuss what the rules and options are plus which accounts are the best to ...

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