So many Americans are now responsible for not only building their retirement savings but also deciding how much they should pay themselves annually in retirement. It's a problem many don't feel adequately prepared to solve, especially when failure means a funding shortfall at the end of life.
If you want to avoid guessing at deductions and writing an unpleasant check, the period immediately after the deadline is genuinely the best time to work on your tax situation for the next year. Here's where you can start.
Most people invest at different points along the way. Sometimes it's near a top or bottom. Most of the time, it's somewhere in between. The important part of this data is to recognize that picking tops and bottoms doesn't matter nearly as much as you think. Your time horizon is more important than your ability to forecast market turning points.
While it is easy to assume we live in a unique moment in human evolution, many of the challenges we face today have uncanny echoes of the past. These six lessons from the past remain current today.
Across virtually every metric of financial security, women continue to report worse outcomes than men. 71% of women reported their income did not match up to the cost of living in comparison to 58% of men, half of the women surveyed reported a medical emergency involving paying $1000 out of pocket would send them to debt — only 37% of men said the same.
April is Financial Literacy Month for adults and kids alike. The moment our children are old enough to observe our behaviors, they are picking up messages that form the foundation of their beliefs about money. As parents, we are part of their origin story — for better or worse.
Speaking of financial literacy month, what savings should you have, and what goes into each one? The savings hierarchy fits within the overall hierarchy of financial needs.
Research suggests that how we feel about extreme wealth is shaped both by the world around us — our culture, our country, our norms — and by our own moral instincts.
Doctors report having roughly $1.6 million on hand on average toward a retirement goal north of $4 million, yet only a minority feel fully confident they've hit their mark. A notable share still feels behind, despite sitting well above typical American retirement savings. This tension between having money and feeling uneasy about using it is a human reaction rooted in habit.
The U.S. reported 11,674,073 registered recreational vessels in 2024, a 1.1% rise from the year before — proof that Americans love to keep investing in floating things that demand attention. The dilemma of whether or not you should get one is the ultimate first-world problem. It's an expensive itch you can (and should) scratch only when the rest of life is mostly sorted.
U.S. beef supplies are shrinking, imports are rising and prices are stuck near record highs — with little relief in sight. The all-American hamburger is becoming a luxury item, nudging consumers toward cheaper proteins like chicken and pork.
Oil and gas prices have risen steeply amid the US-Israeli war on Iran and a significant part of the global fertiliser trade has been brought to a standstill; its potential vulnerabilities have been made clear. After only seven weeks, food shortages and even famine are now looking more likely for millions of people across vulnerable countries in Africa and Asia.
Upcoming Event
Your License Is Earning Money. Is Anyone Defending It?
A decade of training, a malpractice tail you signed without reading every clause, and a top tax bracket the minute your attending contract went through. Somewhere on the to-do list, tucked between “finally read that book on Roth conversions” and “call mom back,” sits a vague intention to set up an estate plan.
I've been there. Asset protection feels like something to handle when life slows down, which it doesn't.
Ali Oromchian, J.D., LL.M. works with physicians every day, and on April 28 I'm sitting down with him for an hour on the legal side of protecting what you've built. We'll get into how trusts actually hold up when a creditor comes calling, which shields work in your state, and why your estate plan, tax strategy, and insurance stack need to talk to each other instead of living in separate drawers.
If you're a W-2 physician assuming your employer has this handled, this hour is especially for you. They don't.
Most doctors I talk to find a gap in their current setup within twenty minutes.
