financial

Dollar-Cost Averaging In A Bear Market

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 made the decision to make a large,...

Determine Your Fixed Monthly Expense

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...

Fidelity Backdoor Roth IRA

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...

Financial And Insurance Tips For New Attending Physicians

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,...

Fidelity Retirement Portfolio Distribution 2020

I don't consider myself a financial advisor or expert, but I've been trading stocks for over a decade and wanted to delve into mutual funds with my retirement portfolio. Most of my colleagues picked...

My Retirement Plan – Roth IRA, 403(b), 457(b)

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...

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