Finance


Hey everyone, it’s Finance Fridays. After looking through some of my old posts, I have alluded to Credit Card Debt and how bad it is for you. However, I realized I’ve never talked about it explicitly. So let’s talk about Credit Card Debt. Stock Photo from: Pexels Ok, so let’s discuss Credit Card Debt Remember how I mentioned compound interest before and how powerful it is? Credit Card Debt is like that, except probably even […]

Credit Card Debt #illumedati   Recently updated !


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Hey everyone, it’s Finance Fridays and this is going to be one of those “right now” posts. I received a comment on my post about Roth 401k/403b in Residency. I was going to write a relatively long comment, but instead I’ve decided to turn it into a complete post: Roth 401k/403b in Residency Case Report. Stock Photo from: Pixabay Here’s the comment: (from Queue) My wife and I are making retirement a priority. We’re just about […]

Roth 401k/403b in Residency Case Report #illumedati   Recently updated !



Hey everyone, it’s Finance Fridays again and this is going to be a relatively short post about Catchup Contributions. Stock Photo from: Pexels What are “Catchup Contributions”? Well, your normal allowable yearly contributions to 401k/403b and 457 are $18000 (as of 2017). However, after the age of 50, this limit increases by $6000 to $24000 in order to help “catchup” in preparation for retirement. This also increases the prior maximum contribution of $54,000 (2017) from all […]

Catchup Contributions #illumedati


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Hey everyone, it’s Finance Fridays again. I have a few things that I was planning to talk about today, but something new happened that I think is worth talking about. For many of us, Student Loans are a heavy burden to bare. For some, you may have opted to go the route of Public Service Loan Forgiveness (PSLF) to have some of your loans forgiven. However, Trump’s new proposal may throw a monkey wrench in your […]

Public Service Loan Forgiveness (PSLF) and Trump #illumedati   Recently updated !



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Hey guys, it’s Finance Fridays, and this is kind of related to last week’s post, Inheritance Tax. Today I’m going to be talking about Estate Tax. Stock Photo from: Pixabay Ok, first things first. Before we get in too deep here, I want to make something clear. For the majority of people (and doctors), it is unlikely that you will need to pay an estate tax.  The figure I see tossed around is that only […]

Estate Tax #illumedati


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Hey everyone! It’s Finance Fridays, and I’m going to talk about something that most people probably don’t know about (I didn’t). I’m going to do a short post today about Inheritance Tax. Stock Photo from: Pixabay What is inheritance tax? Well, it’s kind of there in the name isn’t it? It’s a tax that is triggered when you inherit something from someone who is recently deceased. However, that is where the simplicity ends. Everyone hates […]

Inheritance Tax #illumedati