But it’s SO easy to say YES! Yes, I’ll buy the new, big house. Sure, I’ll pay for my kid’s extra activities. Okay, I’ll also buy the new car. Fine, I’ll invest in your startup….
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The Resident Physician’s Guide To Selecting a Student Loan Repayment Plan (with REPAYE update)
For starters, it’s complicated! Check out our Physician’s complete guide to medical school loans for more details. For now, we’re just going to focus on the new repayment plan, RePAYE. Late in 2015, RePAYE was introduced for…
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The Financial Advisor’s Struggle To Act In The Client’s Best Interest
Ted the advisor is a great guy. He is passionate about taking care of his clients. The only thing he is more passionate about is taking care of his family. Like most advisors, he works…
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The Public Service Loan Forgiveness Ticking Time Bomb For Physicians
If you knew you were holding a ticking time bomb, you’d do everything in your power to get rid of it… right? Well, this student loan time bomb is like none other and most people…
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5 Reasons Forbearance Is A Terrible Idea During Medical Residency And Fellowship
How Employers Penalize Ambitious 401k & 403b Savers
Normally, companies reward ambitious and productive employees. After all, these employees make their employers lots of money. In this case, though, it’s the reverse. Many “on the ball” retirement plan savers are being penalized by…
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Using a Values-Based Lens to Identify Financial Blindspots
It’s difficult to self diagnose your own problems. Especially the deep rooted issues. How many people with serious illnesses caused by their own choices show up at the hospital and say something like… “Hey Doc,…
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How Physicians Should Prioritize Different Retirement Plans
How To Keep Your Spouse In The Loop On Your Personal Finances
According to an American Express survey, 91 Percent of Couples Find Reasons to Avoid Talking About Finances; only 43 Percent Discussed Money Before Marriage. We all know communication is key to a happy marriage –…
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Pulling Back The Curtain On Target Date Retirement Funds
Chances are you’ve heard of Target Date Retirement Funds (TDRF) by now – they have blown up in popularity and size over the last several years. According to Morningstar research, TDRF funds: Have more than…
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Comparing Term Life Insurance Strategies For Physicians
The most common type of term life insurance among physicians is level term. Often, it’s purchased and forgotten about. But is this the best strategy? In this post, we will compare several different strategies physicians…
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The True Cost Of The “No-Fee” 401k Rollover
You see the signs all over the place… “We Accept 401k Rollovers”. Apparently people are taking banks and other financial institutions up on the offer to roll over their 401k into an IRA, otherwise they…
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