Individual 401(k): The Basics
The IRS refers to the Individual 401(k) as a one-participant 401(k). Also known as a Solo-k or Uni-k, the Individual 401(k) is the basic retirement account for the self-employed individual…
Investment Policy Statement: A Template
You need an Investment Policy Statement. Do you have one? If you said no, you're not alone. Neither did I, until now. The White Coat Investor has been harping on…
My Retirement Asset Allocation
I have written about the basics of asset allocation. Today I would like to lay out what my own retirement asset allocation looks like. Lazy Portfolio I'm a set it…
Coast FI: Our 2020 Milestone
FIRE blogs are lighting up with a new kind of FI: Coast FI. This is a very cool name for a milestone my husband and I hit this year, amidst…
How Much To Save for Retirement?
Saving for retirement. Sounds fairly simple, right? Earn a bunch of money. Stick it in accounts earmarked "Retirement" and you're done! Actually, this isn't far from the truth. It really…
Safe Withdrawal Rate: The Trinity Study
In the previous post, we read about Bengen's 1994 study which first brought about the concept of a Safe Withdrawal Rate to ensure one's portfolio outlasts oneself in retirement. Close…
Safe Withdrawal Rate: The Evidence
If you are saving up for retirement, you are probably planning on a Safe Withdrawal Rate between 3 and 4%. Where does this come from? As physicians, we love to…
How Much Do You Need For Retirement?
I did an informal survey of physicians back in 2016. One of the questions I asked was this: How much do you need for retirement? 11% of the nearly 1000…
Healthcare Costs in Retirement: The Basics (Part 2)
We started our conversation on Healthcare Costs in Retirement in Part 1 and here we will continue to look a little closer at the numbers. Healthcare Costs in Retirement: The…
Healthcare Costs in Retirement: The Basics (Part 1)
Healthcare costs in retirement: known as the BIG UNKNOWN of retirement finances. Even among folks enthusiastic and knowledgeable about personal finance, I found this subject broached with some trepidation. Turns…