Back in 2018, I was asked to speak at the American Society of Colon and Rectal Surgeons (ASCRS) conference, and the topic was simple: How Much Do I Need to Retire as a Physician? Well,… Read More
How Much Do I Need to Retire as a Physician?
Insights
The Ultimate First Year Baby Budget
We built the ultimate first year baby budget by tracking all our major expenses in Ryker’s first year with us (Life update; he is almost 5 now!). As any first-time parent will tell you, YES,… Read More
Understanding the 457b Retirement Plan: A Hidden Gem
Understanding the 457(b) Retirement Plan: A Hidden Gem Retirement planning is full of complicated acronyms and different types of plans. You’ve probably come across a 401(k), 403(b), maybe even a Roth IRA, and it can… Read More
What Does a Financial Planner Do? Find Out When You Should Hire One
What Does a Financial Planner Do & When to Hire One? Hiring a financial planner can feel like a big step, but it doesn’t have to be overwhelming. Whether you’re managing your investments confidently or… Read More
Five Costly Blunders Physicians Make with Their Health Savings Accounts
Five Costly Blunders Physicians Make with Their Health Savings Accounts Understanding Health Savings Accounts (HSAs) can be crucial for managing healthcare costs. As one of the most tax-advantaged accounts, HSAs offer significant value. Yet, many… Read More
Solo-K vs. SEP IRA, Which is Right for You?
Solo-K vs SEP IRA: Choosing the Right Retirement Plan for Self-Employed Individuals Retirement planning can be daunting, especially if you’re self-employed. With several options at your disposal, it can be challenging to decide which retirement… Read More
Should I Open A Roth IRA For My Child?
Should You Open a Roth IRA for Your Child? Here’s What You Need to Know Have you ever wondered if you can open a Roth IRA for your child? You’re not alone. Many parents are… Read More
No 401k Plan, Now What?
Six Alternatives to Your 401k or 403b Plan Usually, your 401k or 403b is your best bet for retirement savings. However, there are times when these options might not be available to you. Perhaps you… Read More
New Attending Physician? Smart Steps to Manage Your Pay Increase and Build Financial Freedom
New Attending Physician Pay Jump: What to Do Next As a new attending physician, you’re finally seeing a significant boost in your income. After years (a decade?!?) of hard work, long hours, and strict budgets… Read More
Building the Best Budget for Medical Residents
One of the most common questions we get is “how do I build a budget as a medical resident?” This came up when we first moved to Philly in 2015, and we had our new… Read More