I recently wrote about how whole life insurance is a crappy way to get a permanent death benefit or decent investment returns. In recent years, there has been a push to use a whole life insurance pol...
I've explained elsewhere how the vast majority of physicians and similar professionals should buy life insurance, namely buy a 20-30 year level term policy or two. On rare occasions, someone may want...
[Editor's Note: This is a guest post by Thomas J. Segedin CFP®, a physician-focused financial advisor in New York City. We have no financial relationship, but obviously part of his income comes from...
WCI Reader Question: Is Premium Term Life Insurance A Good Idea? What do you think about return on premium for a young doctor? I’m 30, we have a 1-year-old, and the difference is about $700/yr for 30-...
[Editor's Note: This is a guest post by Thomas J. Segedin CFP®, a physician-focused financial advisor in New York City. He and I have been emailing back and forth over the last few months and this po...
[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...
[This is part 2 in a guest post series by Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF). If you missed part 1, go back and read it first. Larry and I have no financial relationship.] Protecto...
Ed. Note: This is a guest post by frequent contributor Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF, in which he gives an update on recent changes in the disability insurance marketplace. It i...
This post gives you ten steps that, if followed, will guarantee financial success and independence.
One way this website makes money is through affiliate marketing. Some ads pay just to be seen, and others pay me only if you click on them. With affiliate marketing, you generally have to do somethi...
Disclosure: I have no financial relationship with the authors of Doctors Eyes Only or with their financial advisory firm. But I was sent a free copy of the book. Doctor's Eyes Only is a 9 inch, 217...
Most variable annuities are too expensive for their benefits. Vanguard, however, offers very inexpensive ones. Most doctors still shouldn't use one though.
I'm pretty hard on financial advisors on this site. That's because most of them are sharks, or at best, uneducated salesmen. My best estimate is that you shouldn't take advice from 90-95% of those m...
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...