Rikki Racela, MD, is a neurologist in Englewood, NJ. He majored in Molecular Biology while at Princeton University, and he completed medical school at Rutgers in 2007. He says he was financially illiterate when he began his career (and especially during the early part of his marriage to his anesthesiologist wife), and he made plenty of financial mistakes along the way, including allowing a friend who also happened to be a Northwestern Mutual financial advisor steer him into the world of whole life insurance. But by following the principles espoused by WCI, Rikki has successfully bounced back financially. At WCI, he often writes about his past financial hiccups while trying to help his fellow docs and healthcare professionals attain and maintain wealth.
Latest Columns by Dr. Rikki Racela
Loss Aversion: A Killer to Successful Investing, and How to Beat It
Wife vs. Husband: A Retirement Account Showdown
Physician Surveys Step by Step (And Why Making $30,000 in a Year Was Easy)
High State Income Taxes: The Ugly, the Bad, and the Good
Solar Panels: A Bad Financial Decision for Me
Classic Columns by Dr. Rikki Racela
Jedi Finance Tricks: What Star Wars Can Teach Us About Finance
Is Whole Life Insurance A Scam?
Why My Credit Score Is Higher Than Jim Dahle’s
The 1 Portfolio Better Than Yours
How I Made $30,000 Taking Doctor Surveys
My Financial Plan Calls for Me . . . Being Hung by My Fingernails????
What to Do If You’re Not on the Same Financial Page as Your Spouse
How I Failed and Then Mastered the Backdoor Roth IRA
Why the Russell Small Cap Value Index Sucks (and How to Ditch It)
To All My Fellow Residents Circa 2011: I’m Really, Really Sorry
Columns on Money Psychology by Dr. Rikki Racela
Yes, Risk Tolerance Can Be Modified: You Just Have to Rewire Your Brain