Answering listener questions about the pros and cons of traditional vs. Roth contributions, merging finances when a spouse has no income but owns an IRA, and how to maximize annual contributions to a solo 401(k).
The Stretch IRA used to be much more generous for those receiving an inherited IRA. Here's what a Stretch IRA is and how to plan for it.
Addressing your burnout is not just personal self-care. It’s a financial wellness strategy. Here's why you should take it very seriously.
We asked 15 questions to determine how those who have retired got there. So far, dozens of readers have responded. Here's what they said.
Get a handle on asset location. Here are six high-yield principles that teach how to choose the right investments for the best account.
Sometimes fourth-year medical students ask me, "Should I rank the program that offers a retirement match higher?” Here's what I tell them.
Fidelity has started offering a youth account, and some wonder if it is a good idea for their teenager. Here's what you need to know.
Answering listeners' tax questions, including a talk about mitigating capital gains taxes when selling stocks and a discussion about how to simplify your portfolio when moving away from individual stocks and into index funds.
We've officially announced all 10 winners for the 2025 WCI Scholarship. Here are the winning essays and how much money each has earned.
The interaction of the brain with the world of investing is fascinating. But know this: your brain is not designed to help you invest.
I used to be thrifty but not financial literate. This is my journey to learning about money and why, in retrospect, it was so vital.
Maybe it came from their parents, mentors, or an actual advisor. Now, WCI readers share the worst financial advice they ever got.
Disability insurance is vitally important, but if you're a foreign national, it's an even more complex issue. Here's what you should know.
Traditionally, the best way to manage a portfolio is to use a fixed asset allocation. But that's not the only way to manage your bonds.
Answering listener questions where we talk about methods to save up for an early retirement, how to calculate the 4% rule, and how to think about capital preservation.
After much thought, our portfolio is changing this year from one reasonable portfolio to another. We'll see how it goes. Update in a decade.
Here are 8 steps to automate your financial life and help you reach your goals of financial freedom.
Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.
Disability insurance is crucial insurance for the vast majority of physicians to secure. Buy it right the first time, and you may never have to do it again.
The Roth IRA is a great start for building your nest egg. There's no better vehicle for investing, tax reduction, asset protection, and estate planning.
Peer to Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
People often tell you that you'll be super happy once you're financially independent. They might not know what they're talking about.
New residents have a big desire to buy a house. But it's a gamble of your time and money at a period of life when you have little of either.
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.
As 2024 turns into 2025, let's explore why you should invest, how to invest, and exactly when you should invest.
The passage of the One Big Beautiful Bill Act will affect plenty of doctors when it comes to income, taxes, healthcare, and student loans.
Why are people scared about the decumulation phase in retirement? It has more to do than with how much money they have. Let's explore why.
Learn the basics of real estate investing—from hard money loans to mezzanine debt, capital stacks to waterfalls, depreciation, 1031 exchanges, strategies, and lots more.
The secret to becoming a wealthy physician is contained in these four words: "Live Like a Resident." Earn like an attending, but spend like a resident to become very wealthy, very fast.
Stress is all but guaranteed in the medical profession. But here are some medical specialties that are more stressful than others.
There are LOTS of reasonable budgets. Learn to create one to fit YOUR priorities and values as you use money as a tool to bring happiness.
It was remarkable to discover the difference between aiming for FI and reaching FI. Here are some math and psychological lessons I learned.
How can you access the mental health support you need while protecting your career and livelihood as a doctor? Here are some suggestions.
What are the most unbiased, accurate, high-yielding, current, and entertaining financial books for doctors and other high income professionals? Here you go!
I've done the things that people say they'd do if they didn't have to work—travel, hobbies, time with family. Sometimes, I'm still not happy.
Credit card travel rewards allowed me to take vacations I never dreamed I could. But does the travel hacking math really work in my favor?