If You Can: The 5-minute Version
Dr William J. Bernstein is a neurologist, author and financial theorist. He has several books to his credit. Among them is If You Can: How Millennials Can Get Rich Slowly,…
The Simple Path To Wealth: The 5-minute version (Part 2)
In the previous post, we covered about half of the gem that is The Simple Path To Wealth by JL Collins. Here, we continue from where we left off. Asset…
The Simple Path To Wealth: The 5-minute version (Part 1)
I am beginning the 5-minute version series with one of the simplest, yet most powerful books in the personal finance arena: The Simple Path to Wealth by J L Collins.…
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 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…