financial

The overwhelming majority of my non-retirement net worth is in my brokerage account invested in the index exchange-traded funds (ETFs) Vanguard Total Stock Market ETF (VTI, 0.03% expense ratio, represents the United States’ total...

Although primarily focused on growth investments, I contribute monthly to the Schwab U.S. Dividend Equity ETF™ (SCHD) to diversify my Fidelity brokerage account portfolio. This exchange-traded fund (ETF) focuses on high-quality, dividend-paying U.S. stocks...

With market volatility, unexpected layoffs, personal emergencies, and uncertainty about the future, the COVID pandemic taught us the value of establishing an emergency fund. Let's discuss how I approach this essential financial task. As Fidelity...

In March 2020, international markets nose-dived due to the COVID-19 pandemic's economic impacts. At that time, I had been an attending physician for only six months. I decided to make a significant, one-time investment...

Besides focusing on ways to increase income, I think it's just as important to periodically evaluate one's fixed monthly expenses. In general, I try to place as many expenses on my credit card as...

This post was written based on the limits for 2023. The maximum contribution, MAGI, etc. may change year-to-year. At the time of updating this post for 2023, a Roth individual retirement account (IRA) is a...

One of the unfortunate aspects of physician training is that although we spend countless years and dollars learning how to become competent clinical decision-makers, there aren't many lessons on financial management. As new attendings,...

Income and wealth are two entirely different entities. One can have a high income but make horrible financial decisions that focus more on pursuing "wants" rather than making sound decisions for the future. Here's...