Finance Fridays

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Hey guys, it’s Finance Fridays and I’m going to talk to you about the Value Cost Ratio (VCR). I alluded to this concept a little bit in my prior post Trimming the Fat. Stock Photo from: Pexels What is a Value Cost Ratio (VCR)? Well.. it’s not this: Stock Photo from: Pixabay For those who don’t know, that’s a Videocassette recorder (VCR). I’m showing my age here because for some of you, VCRs were before […]

Value Cost Ratio #illumedati

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Here’s the Finance Fridays Roadmap Update 3-3-2017: So pour some coffee, sit back, relax and click on some of these links: Stock Photo From: Pixabay I don’t know anything about Finance and Investing: Talking the Talk Priorities Part One, Part Two, and Part Three The Philosophy Ok, I’m beginning to understand now… what else you got? Compound Interest Index Funds The Biggest Mistake of Your Life Black Friday Puts You in the Red How to Make $400k/yr […]

Finance Fridays Roadmap Update 3-3-2017 #illumedati

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Hi guys, it’s Finance Fridays again… and well, remember I mentioned my kids were sick on Wednesday? Well, I’m not feeling so great today now, but that’s ok, this post should be pretty short and sweet, because we’re going to talk about Trimming the Fat. Stock Photo from: Pexels Wait, it’s Finance Fridays, what do you mean “Trimming the Fat”? Well, I mean it metaphorically. Trimming the (Financial) Fat. For some, in order to keep […]

Trimming the Fat #illumedati

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Hey everyone! It’s Finance Fridays and this should be a short post about Taxes and Tax Withholding. Stock Photo from: Pexels So, Tax Day is coming up and I was getting all of my information together to meet with my CPA on Saturday. Before I meet with him, I like to estimate my own taxes using any of the online estimators, TurboTax, TaxAct, etc. I was under the impression that because I had bought a house […]

Taxes and Tax Withholding #illumedati

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It’s Finance Fridays again… did you know you there is a Roth IRA for Kids? So in previous posts I’ve talked about Roth IRAs and Backdoor Roth IRAs. I’ve even talked about the importance of utilizing a Roth 401k/403b in Residency. But what if we go way back into time, before medical school, before undergrad, before graduation… back to when you were 12 or 13 years old. You probably did some odd jobs around the neighborhood right? For […]

Roth IRA for Kids #illumedati

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If you’ve been reading my blog, you’ll note a lot of things that come up over and over. This includes being behind on retirement and needing to catch up, as its a common theme throughout the Finance Fridays section of my site. The major problem is finding the best way to maximize the money you save toward retirement to “catch up”. Well, the cornerstone is still 401k/403b and 457 (if available). However, now I’m going to […]

Backdoor Roth IRA and Why You Need One #illumedati

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