Retirement investing is the process of setting aside money during your working years with the goal of generating income to support you during retirement. It's important to start saving for retirement as early as possible, because the earlier you start, the more time your money has to grow through compound interest.
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Retirement investing is all about discipline. Pick a strategy that’s optimized for maximum returns and lowest cost, then deploy it, and let time compound your wealth. Many DIY investors choose a passi...
An interview with Jeff Wingate—president of Rate Insurance—where we discuss how home, auto, renters, and umbrella insurance work; why homeowners insurance premiums have risen so sharply; and how to ma...
Hi everyone, My wife and i are hoping to retire in about 7 - 10 years, ultimately my question is have I forgotten anything important in my calculations. My wife will retire with a full pension and i w...
Here's a step-by-step process (with screenshots) on how to open a 530A (Trump) account for the children in your family. The post How to Open a 530A (Trump) Account for Your Child appeared first on The...
Everyone says to "invest for the long term," but what does that actually mean when you're approaching or living in retirement? As part of our "By the Numbers" series, in this episode, you'll learn: Wh...
A custodial Roth IRA lets parents help a child with earned income start building long-term wealth. By starting early, children gain decades of potential tax-free growth while learning the value of sav...
We asked 15 questions to determine how those who have retired got there. So far, about 140 people have responded. Here's what they said. The post ‘It Felt Awkward to Have More Time and a Slower Pace’:...
Here's my experience flying first class for the first time in my life. Was it worth it? Eh, I'm not entirely sure. The post My First Time in First Class appeared first on The White Coat Investor - Inv...
Not everything The White Coat Investor publishes is fully embraced by the readership. Here were some of our biggest controversies. The post The White Coat Investor’s Most Controversial Articles, Part ...
Here’s a look at QQQ vs. QQQM to understand the differences between the index funds and help you understand which may be a better fit. The post QQQ vs. QQQM: What’s the Best NASDAQ 100 Index Fund? app...
Retirement planning feels more urgent when you don’t like your career. I’ve always admired people who genuinely love their work. But I didn’t like my career from the early days. Instead of pivoting to...
Here's the info a physician needs to manage student loan debt, including private and federal loans, PSLF, RAP, IBR, and how to pay them off. The post Student Loans 101: Ultimate Guide to Student Loans...
Answering reader questions about what to evaluate when considering a partnership opportunity, what the financial priorities are for new attendings, and how to manage a large financial windfall. The po...
When you need mental health help, confusion can tend to set in. Should this support be in the form of therapy or coaching? The post Therapy or Coaching? A Practical Guide for High-Income Doctors Who W...
The biggest problem high earners have is the same one as everyone else: they spend all their money. Here's how we know this to be true. The post Think More Income Will Solve Your Financial Problems? M...
I’ve made nearly two dozen investments across special purpose vehicles and angel checks in healthcare startups. Here's what I've learned. The post What I Learned Making 22 Healthcare Startup Investmen...
Artificial intelligence is transforming markets, but retirees should approach the AI investing theme with caution and a well-diversified portfolio. The post AI for conservative investors appeared firs...
Before you retire, be sure you check off our financial to-do list. This pre-retirement checklist will help you not forget anything. The post A Pre-Retirement Financial Checklist appeared first on The ...
If you could do a Roth conversion at a discount (pay less in tax than you would expect), would it be a more attractive play to you? The post Do a Roth Conversion at a Discount appeared first on The Wh...
Once you're financially independent, you don't need more books on how to get rich. You need someone to teach you how to be rich. The post 5 Books to Read When You Have ‘Enough’ and Need to Learn How t...
An interview with Dr. Sarah Gebauer about how she and her family have taken long international sabbaticals while maintaining a successful medical career. We cover how physician families can navigate s...
This week Roger explains why rebalancing is one of the most important disciplines in retirement planning. In the Retirement Toolkit, he explores the difference between a traditional investment allocat...
If you're asking a financial advisor whether using them is "worth it," know that this is a reasonable and totally unanswerable question. The post Paying for Financial Planning — Is It ‘Worth It?’ appe...
We live by two invisible sets of rules: market norms and social norms. Here's how physicians can navigate both sets to better ourselves. The post Navigating Social and Market Norms in Medicine appeare...
If your net worth is too low relative to your age and gross income, you're an under accumulator of wealth. Here's why doctors often are. The post 9 Reasons Doctors Are Under Accumulators of Wealth app...
We talked to a number of WCIers about their first car and what it taught them about money and finances. Here's what they told us. The post What Did Your First Car Teach You About Money and Finances? a...
Between Trump accounts and child-friendly investment platforms, it has become much easier for parents to invest for their children’s future.
As I look ahead to graduating from residency, here are my thoughts about whether and when I should change my portfolio's asset allocation. The post Why I’m Changing My Asset Allocation Before I Become...
Although there are advisors who suggest steering clear, there are times when clients might benefit from using a checkbook IRA to invest in alternative assets.
At face-value, HSAs are for short-term medical expenses, but advisors suggest paying out of pocket to maximize HSA funds for investing and tax-free growth.
Some investments will need to last your entire life—or you risk having them cost you plenty in money or time. The post 4 Financial Assets That Will Cost You If You Don’t Hold Until Death appeared firs...
This podcast episode discusses the Rule of 55 retirement strategy, as well as listener questions about the risks of linking financial accounts to budgeting apps like YNAB, strategies for optimizing Tr...
I started investing in dividend-paying blue chip stocks in 1995 when my uncle gave me a share of Chevron stock. He told me that if I keep buying more shares and reinvesting the dividends into addition...
At face-value, HSAs are for short-term medical expenses, but advisors suggest paying out of pocket to maximize HSA funds for investing and tax-free growth.
The world of paying for medical school is now totally different. Here's how to think about closing the gap between federal and private loans. The post Closing the Gap with Private Student Loans for Fi...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC The margin loan debate continues today on Your Money, Your Wealth® podcast number 589. Jack and Jill r...
My parents usually have their budget meeting at the kitchen table on a Sunday afternoon for a few hours. Here's what they've taught me. The post What I’ve Learned as a Teen While Watching My Parents i...
FIRE is ultimately about being set for life. You build a portfolio big enough to cover your expenses, and then your one job is to not blow it up. But here's the tension worth talking more about. The m...
If you're financially independent but still working, here are a few reasons for why you still might not want to retire. The post Between Financial Independence and Retirement appeared first on The Whi...
When your savings are meant for the next generation, your investment timeline isn't yours anymore. Our Wealth Wise columnist explains how to adjust.
A perennial question in the financial literature is at what age is the best to begin Social Security benefits. Here's how I decided for me. The post When to Begin Social Security Benefits — How the Ma...
I love investing in private real estate debt funds. But lately, figuring out which accounts to put those funds into has been a struggle. The post Issues with Private Real Estate Debt (Credit) Funds in...
Is your portfolio as well built and diversified as you think? If you're worried it won't help keep you safe in retirement, it could be time to renovate.
An interview with Dr. Matt Moore to discuss charitable trusts, recent changes affecting charitable giving, and advanced strategies that can help physicians give more efficiently while managing taxes. ...
It's worth a long, frank discussion with your parents and any other potential heirs to figure out the best way to increase family wealth. The post Working with Your Parents to Get Richer appeared firs...
Parenthood, emergency medicine, and athletics have been equal parts of my identity. But as I entered my mid-50s, I got to a crossroads. The post Why I Went to Half-Time as a Physician and How I Made I...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Joe Anderson, CFP® and Big Al Clopine, CPA spitball for three people planning for early retirement and...
In anticipation of investing in some YC Demo Day startups, I transferred $50,000 from my Fidelity brokerage account to my Citibank checking account. This was right after I'd already wired $56,100 to m...
Let's consider a case study of somebody who barely has enough and how they deploy those assets to ensure a comfortable retirement. The post Deploying Your Assets in Retirement appeared first on The Wh...
A few surveys have shown that physician burnout is beginning to decline. Is this the start of a hopeful new trend for doctors? The post Is Physician Burnout Declining (and Other Random Thoughts)? appe...