[Editor’s Note: Today’s WCI Network post by The Physician Philosopher discusses the relationship between income, spending, and happiness. YOLO applies both ways—yes, you may die young, but you also may live a long time and you only get one chance to not screw up your finances. The post also reminds me a bit of a quote by Abraham Lincoln – ...

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 ...

April 6, 2021 Minimum Wage and Disability Applications Do applications for federal disability benefits rise, fall, or remain unchanged when the minimum wage increases? Understanding whether the minimum wage affects disability applications is an important issue as Congress debates an increase in the federal minimum and the states have been very active: 14 states began last year with a higher ...

We are pleased to announce the launch of a new service we are offering to The White Coat Investor community:     There is a serious need out there for high-quality student loan advice, so we have arranged for white coat investors to be able to meet with a trained student loan planner for a quick advice session at a ...

[Editor’s Note: Don’t forget that tomorrow, Sunday, April 4th is the last day to purchase Zero To Freedom Through Cashflowing Rentals!  Join this session, and we will send you a signed copy of my book, The White Coat Investor’s Financial Boot Camp, as well as free access to our Physician Wellness and Financial Literacy Conference – Park City – a $299 value. ...

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 ...

April 1, 2021 What the Research Can Tell us about Retiring It’s difficult to envision what life will look like on the other side of the consequential decision to retire. But research can help demystify what lies ahead – about the decision itself, the financial challenges, and even the taxes. Readers understand this, as evidenced by the most popular blog ...

[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 ...

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