6 Bare Minimum Tasks to Fix Your Finances
Some high-income professionals hate personal finance and investing. If that is you, this post is for you. If that isn't you, send this post to someone you care about.
Some high-income professionals hate personal finance and investing. If that is you, this post is for you. If that isn't you, send this post to someone you care about.
While the higher estate tax exemption limits enacted in 2013 dramatically simplified estate planning for many people, wealthy professionals may still run into issues with an estate under $10M.
Got a pension? Should you take a lump sum or annuitize it upon retiring? Consider these issues prior to deciding.
By Dr. Jim Dahle, WCI Founder This post is all about CRATs, CRUTs, CLATs, and CLUTs. These acronyms all relate to "split-interest gifts" or "charitable trusts." In essence, these are a way to donate s...
What to do when you lose your spouse, from a financial perspective.
Retire Secure, by CPA/JD James Lange, is the best financial book I have read in the last year. I recommend you buy it and read it. However, it is not the first financial book you should read. But afte...
By Dr. James M. Dahle, WCI Founder The vast majority of good information out there about FLPs is written by those who are paid to create them (asset protection and estate planning attorneys) so as you...
Families working together across the generations can be a true wealth-producing machine -- far more powerful than any other personal finance concept.
Sometimes, smart people simply aren't aware of the financial issues they need to take care of. New physicians either need to do their own financial planning, or pay someone else to assist them with i...
By Dr. Jim Dahle, WCI Founder Let's say you've done very well for yourself and you're going to have an estate tax problem. Your estate will be more than $5.34 Million ($10.68 Million if married) when...
A physician asks what legal steps she should take prior to marriage.
It's straightforward to get out of an investment in stocks but not so easy or straightforward when it comes to real estate. If you own real estate and REALLY need to get out, here are 7 ways to make it happen.
[Editor's Note: This is a guest post I'm really excited about. Andy Walker, MD, FAAEM is a recently retired emergency physician. Like many of the best guest posts on this site, I solicited this one...
My last post discussed how I recently made partner and how this has given me additional income, expenses, risk, and personal financial complexity. In this post, we'll discuss the ways becoming a part...
Financial conflicts of interest are omnipresent, especially when it comes to financial advice. There are a number of finance-related tasks that need to be done to manage your finances, and there are...