Senior Resident

△ #illumedati △ – Life After Med School

Retirement

Home Improvement — 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 February 3, 2017 by Sensei

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 January 30, 2017 by Sensei

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 January 27, 2017 by Sensei

Hi guys, it’s Medicine Mondays again and I’m going to be Talking to Med Student Me. Basically, a lot of this web site is me reflecting back on medical school and residency. However, I wanted to take this time to reflect on some choices I made as a medical student/resident that I thought were good and would repeat, and others which I would change. Stock Photo From: Pexels Choosing a Specialty As a medical student, […]

Talking to Med Student Me #illumedati

This entry was posted in Attending Finance Medical Student Medicine Medicine Mondays Residency Retirement on January 23, 2017 by Sensei

Hi guys, it’s Finance Fridays again and I’m here to talk about Traditional IRA versus Roth IRA today. I covered this before a little bit in Talking the Talk. I’d recommend you read at least that post first before you read today’s post as a primer. If these topics interest you, then I’d advise you to look at my Finance Fridays Roadmap post next to direct you where to read some more stuff. I should probably […]

Traditional IRA versus Roth IRA #illumedati

This entry was posted in Attending Finance Finance Fridays Investing Retirement on January 13, 2017 by Sensei

Hi guys… late post I know.. but I’m going to talk about the Rule of 72 for this Finance Fridays. This should be a short post about how to estimate how long it will take for an investment to double. There will also be a short commentary on the “first $1 million is the hardest” and how saving money doesn’t feel rewarding… but it should be. I’m going to write a few more complicated Finance […]

What is the Rule of 72? #illumedati

This entry was posted in Attending Finance Finance Fridays Medical Student Residency Retirement on January 6, 2017 by Sensei