Finance

3
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

This entry was posted in Attending Finance Finance Fridays Medical Student Residency on by
1
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

This entry was posted in Attending Finance Finance Fridays Residency on by
4
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

This entry was posted in Attending Finance Finance Fridays Medical Student Residency on by
Home Improvement 7
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

This entry was posted in Finance Finance Fridays Investing Retirement on by
8
I know, I know, I know… it’s Medicine Mondays, not Finance Fridays. However, like I alluded to on my prior posts: Spousal IRA and Talking to Med Student Me, this is at least circumferentially related to Medicine Mondays, since it is a very small window of opportunity for which utilizing a Roth carries significant advantages. Stock Photo from: Pexels So what is a Roth 401k/403b? I’ve talked a little about the differences between regular 401k/403bs […]

Roth 401k/403b in Residency #illumedati

This entry was posted in Attending Finance Investing Medical Student Medicine Mondays Residency Retirement on by
5
Hi guys, it’s Finance Fridays and I’m going to talk about what a Spousal IRA is. For those who were keeping track, this is kind of out of order. I was supposed to talk about Backdoor Roth IRAs today. However, I felt it was more important to talk about Spousal IRAs for those who don’t know about them. Stock Photo from: Pixabay One of the major benefits of having both partners in a marriage work […]

Spousal IRA #illumedati

This entry was posted in Attending Finance Finance Fridays Investing Medical Student Residency Retirement on by