Wade Pfau and the Safe Savings Rate

Retirement planning can be split into two phases, the accumulation phase and the spending phase. The spending phase has been pretty well-studied, with the backbone...

It’s Official: Backdoor Roth IRAs Are Legal!

While the Backdoor Roth IRA strategy has been employed by high-income individuals since 2010, its legality was questioned by some because of the IRS...

The Impact Of Stock Market Volatility On Retirement Planning

We can control most of the variables that will affect our financial futures. We can control our income by choosing to work more hours...

Physician Retirement Age: When Is The Right Time To Retire?

The decision to retire is a difficult one for anyone, including physicians. However, with everyone's investment accounts so flush with money because of the bull...

How Much Do You Need To Save For Retirement?

One of the first personal finance questions people ask when they begin financial planning is "How much do I need to save for retirement?" Google...

Retirement Planning Under Tax Law Uncertainty

Donald Trump and the Republicans will soon unveil their long-awaited tax proposal. It's expected that they will introduce cuts to business and individual income...

Does Your Asset Allocation Change As You Become Wealthier?

Investors should be wary about being too aggressive with the asset allocation early in their careers. As I wrote a few weeks back, many...

Why You Shouldn’t Try To Be A Billionaire

A while back, Physician on FIRE discussed the dream of a $10 million dollar portfolio. It’s certainly doable, but for most physicians, the likelihood...

What Is A Good Savings Rate For Retirement?

One of the most common questions graduating residents ask is how much they should be saving for retirement. They are about to grow into...

Are You Saving Too Much? A Case For Loosening The Purse Strings

Most physicians save too little and spend too much, making it very difficult for them to save enough money for retirement. On the other hand,...