I Forgot to Save for Retirement!
By Dr. Jim Dahle, WCI Founder This deals with the high earner who finds himself just a few years away from retirement with not nearly enough money to have the retirement he would like. This could be f...
By Dr. Jim Dahle, WCI Founder This deals with the high earner who finds himself just a few years away from retirement with not nearly enough money to have the retirement he would like. This could be f...
529s do not make good retirement accounts. Use a taxable account invested in index funds instead and use your 529s for college.
There is an alternative to Peer to Peer lending; a process I call Royalty Based Lending (“RBL”). It is an investment vehicle that doesn’t risk a large amount of cash, has no correlation with the stock...
An insurance agent who is a "believer" in the value of index universal life insurance sent me an illustration for what he considered to be the best Index Universal Life Insurance (IUL) policy out ther...
I frequently see articles about why you should hire a financial advisor, especially an asset manager. Recently, OJM, a physician-focused financial advisory firm, sent me a link to a newly-written arti...
When it comes to personal finance, some things matter more than others. The secret to wealth is no secret, and getting rich slowly works best. The path to wealth is to make a lot of money, save a lot...
Phil Demuth's the Affluent Investor is a treasure trove of little known facts about how the well to do should invest their money. Every doctor should read it.
When investing in retirement you'll need to pay more attention to the sequence of returns, safe withdrawal rates, and especially, inflation.
Indexed Universal Life Insurance sounds awesome. Market Returns, no downside risk, plus a death benefit? What's not to like? Unfortunately, it's too good to be true. Find out why!
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.
Your children can help you lower your tax bill. Don't be afraid to take advantage by hiring them and gifting them money in a UGMA/UTMA.
I had the opportunity recently to read Charley Ellis's Winning The Loser's Game. This is an investment classic and should be required reading for anyone who is either picking their own stocks or tryin...
The decumulation stage is far more complicated than the accumulation stage, but utilizing tax diversification wisely can add real value for you and your heirs.
Insurance agents sell policies by scaring you about future tax rates and advocating you invest in insurance to get to a 0% tax bracket in retirement. Beware!
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...