There is a "financial guru" named Douglas Andrew who lives in my local area. He is a financial planner, radio host and author who advocates a rather unique approach to retirement planning. I've occa...
A whole life insurance policy held for the long term is not a financial disaster, although higher returns are achievable through the market.
Disability insurance agents routinely criticize group disability insurance policies, and for plenty of good reasons. However, I recently bought one anyway. Let me explain why. But first, a brief re...
A reader sent me a link to a recent article published in Physician News Digest called "Doctors Betrayed By Traditional Financial Strategies." I felt there were enough inaccuracies and poor assumption...
Should you "Become Your Own Banker"? Probably not.
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...
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...
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...
By Dr. James M. Dahle, WCI Founder It is rare that I check out a book at the library and then end up wishing I'd bought it so I could keep a copy for future reference. Such is the case with The Truth...
As a general rule, annuities are an inferior investment vehicle. You ought to have a really good reason before you purchase one (and the usual one used to market these to physicians, tax avoidance, i...