Have your nerves been on edge because of recent swings in the stock market? When @Hatton1, a popular WCI forum participant, started a thread on 2/3/18 titled I congratulate the forum, she was giving everyone a big high-5 for not panicking over the 1,100 point drop in the Dow the day before. Continue reading
retirement
Market volatility – is it a good time to buy? [VIDEO]
Are stocks on sale and is now the time to put money in the market? Michelle has some timely advice to help you put the current market roller coaster in perspective. Continue reading
Is Social Security a Good Investment? [VIDEO]
Social Security – have rumors of its death been greatly exaggerated? Does it belong in your financial plan – or should you exclude it and hope to be happily surprised? Find out what Michelle has to say about it in this month’s vlog… Continue reading
Should You Invest in Real Estate?
If there is one thing I’ve learned as an advisor to physicians, it’s that most doctors either own investment real estate or plan to in the future. In our discussions, it’s not usually even a question of “Should I?” but “How soon can I? Continue reading
When to Convert to a Backdoor Roth IRA
Few doctors and other HIPs (High Income Professionals) qualify to contribute directly to a Roth IRA. In 2017, you are prohibited from doing so if:
- MFJ – your AGI (Adjusted Gross Income) is above $196k
- MFS – your AGI is above $10k
- Single – your AGI is above $133k
The workaround is to contribute to a nondeductible (“n/d”) TIRA Continue reading
The Pro-Rata Rule for Backdoor Roth IRA’s
There is no bigger proponent of Roth IRAs than yours truly. If compound interest is the 8th wonder of the world, tax-free growth inside a Roth IRA is, to me, the 9th. My blog post, Explaining Backdoor Roth IRAs, remains our most popular post ever (by a long shot) and for good reason Continue reading
Our investment philosophy
Because negative memories are far more powerful than are positive ones, we want to “do something” when the market drops. But being proactive rather than reactive can help Continue reading
Should you co-sign?
Maybe you should “Just say no” the next time a friend or family member asks if you will Continue reading
Should I buy rental property?
Some people have a natural affinity and knack for finding great pieces of real estate. You
should consider these issues if you’re thinking about becoming a landlord: Continue reading
I have negative net worth! Why pay a financial planner?
Recently, Passive Income, MD kindly asked me to write a guest post on what, initially, seemed to be a difficult topic. He wanted me to write a post making the case for residents – Continue reading
Fiscal Fitness News 