It’s been awhile since I’ve last posted. I’m hoping in the next couple weeks, I’ll have some time to rattle off some additional posts, particularly as it relates to private practice and maybe some additional insights on personal finance (though nothing novel). So, this post is about calculating my retirement number. I’m 32 and already … More Calculating My Retirement Number
I came across this story on NPR several months ago and thought it was simple, yet effective advice for anyone new to personal finance. Until you’re able to achieve these financial goals, there’s no reason for you to enlist the services of a financial advisor. Achieving financial stability and independence takes time, patience and discipline. … More All The Financial Advice You Need on a 3×5 Card
When I graduated from nurse anesthesia school in August 2014, I refinanced and consolidated my student loans within 3 months with SoFi. I was able to obtain a 10-year term with a 3.44% variable interest rate. However, just last week, I came across a deal of a lifetime (at least in terms of the student … More First Republic Bank Student Loan Review
This is a refrain I’ve heard from many of my colleagues/former classmates. I’ve consolidated and refinanced my student loans to the lowest interest rate possible. I’m saving for a house or I already have a mortgage. But now, I’ve got this stash of cash on hand and am not sure where to put it. Furthermore, … More I have $25,000 in savings and I don’t know where to put it (Hint: Robo-advisor)
In a previous post, I mentioned expense ratios ought to be a consideration on whether you should invest your money in a retirement fund because the different between 0.25% versus 1% over 30 years will mean the difference of nearly $300,000. So, what exactly should you invest your money in? The answer, like everything else … More What Should I Invest My 401(k) Funds In?
So, you started you new job as a CRNA and you’ve been able to sock away $18,000 to your 401(k) or 403(b). Great job, but don’t pat yourself on the back just yet. Whether working for a hospital system or an anesthesia group, chances are you may be paying a variety of fees that will … More Your 401(k) Fees Will Destroy Your Retirement
This is a loaded questions with a lot of variables to take into consideration. As a result, the answer to this question is, similar to an anesthetic plan for a patient, it depends. There are a million and one different suggestions on how one needs to save for retirement. Some say you should save enough … More How Much Do I Need To Retire?
It’s an amazing feeling, isn’t it? You’re finally done with school. You passed boards and now you’re working your first job as a CRNA. After two weeks, you get that first paycheck and it feels great. All that time and energy you put into school has paid off and now you just want to party. … More How To Save $6000 A Year
It can feel overwhelming trying to discern the difference between a 401(k), 403(b), 457(b), traditional IRA, Roth IRA, and an HSA. And even if you did understand the difference, how do you know which one to contribute to and how much? More on this later. Simply put, retirement vehicles can be broken down into 2 … More Discerning the 401(k), 403(b), and 457(b)