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...
I recently became a partner in my small, democratic emergency medicine group. That's exciting to me because it gives me a say in how my group operates, more job security, and, best of all, a signific...
The Patient Protection And Affordable Care Act (PPACA), affectionately known by its political opponents as Obamacare, survived its scare with the Supreme Court and its now time to examine it's impacts...
This post gives you ten steps that, if followed, will guarantee financial success and independence.
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...
I've noticed that many doctors suffer from a common malady I call Tax-O-Phobia. When combined with a closely-related, but also common illness, Liability-Phobia, it makes doctors make poor financial d...
Be forewarned. This entire post is just a rant. It even delves into politics a bit. You probably won't learn anything that helps your personal finances or investments here. I'm getting sick of hear...
By Dr. James M. Dahle, WCI Founder There was a thread with a poll on Sermo (a doctor-only forum) recently asking what percentage of your income you paid in taxes in 2011. The lowest option was <20%...
Early retirement sounds great, until you realize what you have to give up to get it. Sometimes the best choice is to simply work a little longer.
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.
New Page on Tax Diversification I added a page to the blog on Tax Diversification. Check it out: Tax Diversification
ObamaCare and the Sales Tax on House Sales One little known aspect of the contentious health care bill passed recently in Congress is a "sales tax on the sale of a home." Like everything else about th...
[Update 2020: The SECURE Act limited the Stretch IRA to just 10 years.] The stretch IRA is not really an investing, or even a retirement topic, but more of an estate planning tool. To understand how i...
Although it lacks the tax and asset protection benefits of a retirement account, a taxable account isn't all bad. Here's how to invest tax-efficiently.
Need a bigger tax break? Have a healthy family? You might want to consider using a high deductible health insurance plan rather than a more standard HMO or PPO plan. You benefit from the lower prem...