Senior Resident

△ #illumedati △ – Life After Med School

Retirement

Checklist — Hey everyone, it’s Finance Fridays again. I’ve been going through some of my recent posts and realized that they tend to be a little long. For that reason, I wanted to refocus and get back to the basics today, so I’m going to talk about “The Checklist”. What do you mean by refocus? Since every post I write focuses on one topic, it can be easy to forget what the original goal is/was. In a […]

The Checklist #illumedati

This entry was posted in Attending Finance Finance Fridays Investing Medical Student Residency Retirement on July 28, 2017 by Sensei

Hey everyone, it’s Finance Fridays again and I’m going to talk about a topic that comes up just about everywhere. It’s Exchange Traded Funds (ETFs) versus Mutual Funds. This concept may be difficult to understand for new investors, so I wanted to try to make it as easy to understand as possible. As such, I decided it needed a whole post. Stock Photo from: Pixabay So I’ve actually been meaning to write this post for a […]

ETFs versus Mutual Funds #illumedati

This entry was posted in Attending Finance Finance Fridays Investing Medical Student Residency Retirement on July 21, 2017 by Sensei

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

This entry was posted in Attending Finance Finance Fridays Medical Student Residency Retirement on June 23, 2017 by Sensei

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

This entry was posted in Attending Finance Finance Fridays Medical Student Residency Retirement on June 16, 2017 by Sensei

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

This entry was posted in Attending Finance Finance Fridays Medical Student Residency Retirement on June 2, 2017 by Sensei

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

This entry was posted in Finance Finance Fridays Retirement on May 12, 2017 by Sensei