Ok, so I repeatedly advise residents and young attendings to please, Please, PLEASE do not buy a house. If you haven’t read them already, read these posts: The House Buying Itch – Medical Student Edition Priorities, 2 and 3 For this reason, this particular post is about buying a house 3+ years after becoming an attending. I am making these assumptions: You have a stable job that you like. You are in an area you plan […]
Monthly Archives: June 2016
Maintenance of Certification (MOC) Ok, first of all, what is “maintenance of certification”? After 4 years of medical school, 1 year of internship, 4 years of residency, passing my board exam, and then doing a year of fellowship, I thought I was “done” with “all this stuff” [insert hand waving here]. Please understand that I knew I would have to keep learning, since the practice of medicine is a life-long learning profession, but I was […]
Maintenance of Certification (MOC)
This is a followup to this post – What is a 529? Please read that one first before continuing on to this one, if you haven’t already. I hope by now I have convinced everyone that a 529 is a great option for saving for college. For simplicity’s sake, think of it like this: You put away money for college and although the contribution itself is not deductible, it can grow federal tax-free AND is […]
Choosing a 529
It’s Whatever Wednesday. I said it before, but I’m not really a car guy. However, I do like cars. So this post will be about cars because it’s Whatever Wednesdays and I feel like writing about them. When I used to help with interviews for residency I used to ask the candidates this question: You are only allowed one car for the rest of your life, what is it? The responses were all over the […]
Cars
*What is “The Track”? “The Track” is the road to being a physician. Every step of the way you are on “the track”. *What do you mean? Well, when one decides to become a physician, they have given themselves a direction and placed them firmly on “the track”. This decision can come as young as the classic “I’ve always wanted to be a physician” or as old as “I hate my current job and missed […]
The Track
So when people talk about finance, investment, retirement, etc. they always just throw 3 numbers at you (529 – College Savings Plan is one of them). “I maxed my 401k, but need to rebalance my 403b. Then I need to contribute some more to my 457b. I also need to set up that 529 for my kids.” These three numbers refer to the Internal Revenue Code subsection. So they sound scary, but they’re really not, it’s all related […]