Dave Ramsey’s Baby Steps Are Too Rigid
One of the pearls Dave has contributed to the personal finance lexicon are his "Baby-Steps." They seem aimed at the financially clueless, but they still have merit for the more knowledgeable.
One of the pearls Dave has contributed to the personal finance lexicon are his "Baby-Steps." They seem aimed at the financially clueless, but they still have merit for the more knowledgeable.
Q. What should I do with a windfall, such as a $500K inheritance from a long lost Uncle or a larger sign-on bonus than expected? A. Two of my favorite investing/finance books, The Bogleheads Guide To...
The IRS expects you to pay yourself a reasonable salary as an S-Corp. An important factor in that decision should be the effect on how much you can sock into a retirement plan.
I was reading about a survey by the Physicians Foundation recently which had some rather sobering findings. They sent out these 48 question surveys to 630,000 doctors and only heard back from 13,575,...
By Dr. James M. Dahle, WCI Founder This was a post on Sermo, with 437 responses in about a week. I'm going to cite what I thought were 15 of the best ones. The entire White Coat Investor site consists...
[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...
Last time we discussed some additional taxes you may or may not be paying as a result of PPACA. This post addresses the considerable benefits of PPACA to you a health care consumer. Next time we'll...
Dave Ramsey is spot on with his advice about getting out of debt but I'd be very cautious taking investing advice from him or his endorsed local providers. Here are 4 reasons why he may be leading you astray.
I had a recent question that I'd been meaning to address as a blog post. By the time I had the email answered, most of this post was written. Just about every military physician contemplates this qu...
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...
This is a guest post written by Keith Roxo, a graduate of both the Naval Academy and Top Gun (yes, that Top Gun) who will be starting medical school at USUHS this fall. The Health Professions Scholars...
All right, I'm biased. I'll admit it. I think doctors, especially me, should make a gazillion dollars. Now that we have that disclosure out of the way, I'd like to explore five reasons why we (as a...
My general advice is to not buy "consumer insurance" like warranties on appliances. The mantra is that you should insure against financial catastrophe, and self-insure against the rest. I spend lots...
There are lots of financial benefits of being a doctor in the military. Very few of them are easy to understand, however. Unlike in the Vietnam era, our citizens and politicians are currently very k...