How My Children Will Pay for Their College
I don't want my children to be saddled with student loan debt but I also want them to learn to be hardworking and self-reliant. Here's how to help THEM pay for their college.
I don't want my children to be saddled with student loan debt but I also want them to learn to be hardworking and self-reliant. Here's how to help THEM pay for their college.
Q. 1) I am the owner of a whole life policy through Northwestern Mutual. I have owned it since 1999 and have approximately 22K in cash value. Given the low interest environment these days, I think it...
Pro – Why I Use Trailing Stop-Loss Orders By Alex Foster, Guest Writer I am a believer in the benefits of using low-cost index funds for mostly passive investing. I say mostly passive because I also...
Learn what dollar-cost averaging IS and ISN'T and why there are better ways to reduce risk. Manage emotions, avoid regret, and skip the hassle of DCA.
Most people shouldn't buy LTC insurance, and not on your parents either. Here's what to consider as you evaluate the decision.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
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Silver Spoon Kids is a great book that helps you teach your kids about money and avoid spoiling them.
Zero-coupon bonds, also known as "zeros" or "strips",are an invention of Wall Street, and like many Wall Street innovations are inappropriate for the vast majority of investors. They are primarily in...
The United States' 401K-based retirement system sucks. Implementing these 10 reforms would give an economic boost to the entire country.
If you are close to that number staying until twenty is a no-brainer. Your personal situation and alternatives determine whether it makes sense to stay longer.
Tax-exempt retirement money is great, but Roth IRA money is better. Here's how to turn the first into the second.
Enroll in WCI Financial Boot Camp, a FREE 12-week email course to improve your financial life.
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I saw an article this week that showed that at 514 colleges, the loan default rate has now exceeded the graduation rate. The default rate is now 13% on average across the country, and outstanding stu...
I've been working in an emergency department for over 10 years now. I've become used to talking about many subjects that are essentially taboo in most adult conversations. I coax vivid descriptions...
The posts on this website about cash value insurance continue to attract comments (mostly from those who sell it) like a knight in shining armor on a summit in a thunderstorm attracts lightning. Mont...
Attorney Matthew Kaiser discusses when and how to sue your broker.
I wrote about some things to think about when deciding whether or not to pay off your mortgage early a few months ago. My wife and I had a discussion about paying off our mortgage the other day (whic...
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.
Medical school may not have taught you about money, but we will.
We will never sell your information. Modify your preferences or unsubscribe at any time.
Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
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.
In broad strokes, asset protection includes tax saving, estate planning, and even investment strategies, and it will help preserve your nest egg in case of a malpractice suit. See Posts
Estate planning is the process to ensure that your assets go where you want after your death, that your desires are carried out after you can no longer make decisions, and that the estate taxes you pay to the government are minimal. See Posts
Whether it's life, disability, auto, home, or malpractice, high-income professionals need insurance to make sure life's biggest costs don't substantially hurt their nest egg. See Posts
There are so many ways to invest successfully that the most important thing is to just pick something reasonable and stick with it. But it's key to know which approach to take and why you're picking that option. See Posts
Beginning your financial journey and learning about personal finance can seem awfully overwhelming. But instead of trying to solve the entire puzzle at once, it'll be easier (for your mind and for your psyche) to break it down into sections that are more easily digestible. See Posts
Ownership matters, whether it's owning profitable companies, owning your own home, or owning your job. Most of the time, medicine is better—for the docs and for the patients—when docs own their jobs. See Posts
A full, happy, comfortable retirement is where so many WCIers have been aiming since they began working. The main questions: what's the best way to get there, and once you arrive, how do you begin to live and fund your new life? See Posts
While it's entirely possible to finish an undergraduate education debt-free, it's become less likely that physicians and other high-income professionals can do the same. That's why it's so important to know how to manage student loans and the programs that provide student loan forgiveness—especially in a political world that constantly makes changes to them. See Posts
Recent studies show that more than 50% of physicians have experienced burnout, marking a notable increase in the past decade. This trend is alarming and shows why the intersection of burnout and how high earners can keep themselves healthy has never been more pertinent. See Posts