5 Financial Considerations for American Doctors Wishing to Live Abroad
We stuffed our lives into two backpacks and four suitcases to move to Portugal. Here's how it affected our taxes and retirement accounts.
There are dozens, if not more, ways to save for retirement. It ranges from employer-assisted accounts like 401(k)s and 403(b)s to self-funded vehicles like IRAs and HSAs. Learning about retirement accounts is paramount to good financial literacy.
We stuffed our lives into two backpacks and four suitcases to move to Portugal. Here's how it affected our taxes and retirement accounts.
Cash balance plans can be home runs for physicians and other business owners in the right scenario. But be aware of these potential mistakes.
Our first Roth IRA contributions took place in 2004, and we put in the maximum $3,000 apiece. Now, we're over seven figures. Here's how.
For those who are about to retire, amid soaring inflation and a potential bear market, what are the best actions to take right now?
One benefit of being married is that a non-working spouse can contribute to an IRA using the working spouse's income. Here's what to know.
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Answering reader questions about the Backdoor Roth IRA, if you can remain a 1099 contractor instead of a W2 employee, and variable rates on student loans.
Answering reader questions about 401(k)s, including what to do if you overcontribute and if you can put side hustle money into them. Also, an interview with Peak Housing's Joe Ollis.
Answering reader questions about how to change the retirement account system and 401(k) limits. Also, an interview with Dr. Dike Drummond of Burnout Proof MD.
Answering reader questions with new WCI Ambassador Disha Spath on primary residences and asset allocation, leverage, and emergency funds.
If you have Vanguard Target Retirement Funds in your taxable accounts, you might be in for a big surprise at tax time. Here's why.
An interview with Big ERN, the man behind Early Retirement Now, where he discusses the pro and cons of FIRE and how to figure out withdrawal rates.
457 deferred compensation plans can be a valuable addition to your retirement quiver, but make sure yours is up to snuff before contributing.
We don't know if Backdoor Roth IRA conversions will still be allowed later this year. So, should you go ahead and get it done now?
Answering reader questions on the Backdoor Roth IRA, refinancing student loans if not going for PSLF, and employee-sponsored 401(k) plans.
For those eligible for non-governmental 457(b)s, there are three practical considerations many fail to consider.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
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