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Should I Invest or Pay Off Debt?

Should I Invest or Pay Off Debt?

As a financial planner, we are asked many questions about personal finance. These questions can be as basic as how much money should I keep in my emergency reserve account, and as complex as I have $100,000 saved and want to retire next year, what should I do. One question that arises more than all is, “Should I pay off debt or invest the cash on hand I have?”

What Percentage of My Income Should I Invest

What Percentage of My Income Should I Invest

Remember the early years of your life when you would stash away all the money that you got from birthdays or the Tooth Fairy? Back then, many of us weren’t concerned about investing for retirement savings, debt repayment, or living expenses, but now, many of us are in a similar dilemma: what percentage of my income should I invest?

Can I Contribute to a 401k and IRA?

Can I Contribute to a 401k and IRA?

IRAs and 401ks are the two most popular retirement accounts that people will save into for retirement. But, despite their popularity, I am commonly asked, “Can I contribute to a 401k and IRA?” While the short answer is yes..

Comparing Job Offers

Comparing Job Offers

You did it.  Or maybe, you’re almost there!  For folks comparing job offers and about to take on their first attending physician job, this is a HUGE transition.

How to Invest in a Bear Market

How to Invest in a Bear Market

This article will instead provide an introduction to the economic cycle with an emphasis on recessions to familiarize readers with what we may experience during our next period of economic weakness and bear market investing strategies.

How to Start an IRA

How to Start an IRA

What if you want to set aside additional dollars for retirement beyond your employer provided retirement plan (such as a 401k, 403b etc.)? For those of you, a helpful tool is an Individual Retirement Account or IRA. Today we’ll talk about how to start an IRA, along with some common questions about them.

Can Parents Contribute to a Roth IRA for a Child?

Can Parents Contribute to a Roth IRA for a Child?

A question we sometimes get from parents is, “Can I contribute to a Roth IRA for my child?” When thinking about saving money for a child’s future, an option that is not considered as often is a Roth IRA, which can be a tax advantageous way to jumpstart their long-term savings.

Why is Life Insurance Important?

Why is Life Insurance Important?

If life insurance is a fairly new topic for you, you may be wondering the following questions: How does life insurance work? Why is life insurance important? How much life insurance should you have? Do I need life insurance? How much does life insurance cost?

How Many Credit Cards Should I Have?

How Many Credit Cards Should I Have?

There is a false misconception that having multiple credit cards can hurt your credit profile. It’s okay and often suggested to have multiple credit cards, as long as you’re sticking to several parameters…

Solo 401k vs. SEP IRA

Solo 401k vs. SEP IRA

“My CPA says I need to set up a SEP!” When I hear that, I usually reply, “Congratulations! Typically, when I have someone asking about SEP, I know their business has reached a point where they could benefit from setting up a SEP… or for that matter a Solo 401(k), SIMPLE IRA, or Keogh plan. Did your CPA mention any of these? Or perhaps discuss the difference between a Solo 401k vs. SEP IRA?”

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