personal finance
CAPT(r) Schofer’s KevinMD Post – Why We Should Celebrate the Great Resignation
My wife, the original or “OG” Captain Schofer (she promoted to O6 a year ahead of me in the Reserves) and the nice Dr. Schofer (she is definitely nicer than I am) got a post published on KevinMD. Check it out:
Personal Finance for the Military Physician – A 2022 Update
Here are the slides:
Here is the screencast:
Updated 2022 Personal Finance Guide
I updated my brief guide to personal finance for 2022, which can be found on this page. If you don’t have a financial plan, reading this will set you on the right path.
Finance Friday Articles
- 5 Questions to Consider Before Changing Your Investment Portfolio
- 5 Things You Didn’t Know Personal Capital Can Do For You
- A Financial Planning Service Calendar for the DIY Physician
- Are We Bullish Enough?
- Backdoor Roth IRA 2022: A Step by Step Guide with Vanguard
- Diversification still works
- Early Retirement and the Likelihood of Regret
- How to fund a backdoor Roth IRA at Fidelity (2022 edition)
- The Case for Private Real Estate
- Weighty Issue – A Discussion of the Top Heavy S&P 500
Finance Friday Articles
- 5 More States Make Military Retirement Tax Free
- 6 Smart Money Moves for the New Year
- A Modest Proposal
- Can I Be My Own Financial Advisor? 8 Reasons You Can and Should Be
- Choose One! 13 Financial New Year’s Resolutions for 2022
- Inflation – Should We Be Worried?
- Life After Financial Independence: Two Perspectives
- New Year’s Tweaks
- Professional Financial Advice: How Much Should You Pay?
- Top 10 Financial Goals for 2022
- Underestimate the U.S. Economy at Your Own Risk
- Who You Should Know
- Why a Roth IRA should be considered in every physician household
Finance Friday Articles
My article about my $121,500 guest room made this list of Jonathan Clements’ top articles of all time on Humble Dollar at #26. Here are the rest of this week’s articles:
- 3 Easy Ways to Simplify Your Portfolio in 2022
- Career Seasons: Choosing a Role Based on the Lifestyle You Want
- Has Vanguard Lost Its Way?
- How Donating to Charity Is a Tax Advantage
- How to Use Leverage and the Differences Between Good and Bad Debt
- 2022 Tax Brackets — How They Actually Work
- The Stock Market is a Clown Car
- Tips to Fly the Unfriendly Skies
Finance Friday Articles
- 2022 Basic Allowance for Housing Rates Up, But Some Pandemic Bumps Are Gone
- 4 Reasons Doctors Feel Trapped in Medicine (and How to Escape)
- Capital Gains Tax: An Unavoidable Reality
- DoD Releases 2022 Continental U.S. Cost-of-Living Allowance Rates
- End of Year Financial Checklist for 2021
- Hall of Mirrors
- Here’s who gets the biggest military housing allowance bumps in 2022
- How to Buy a Car the White Coat Investor Way
- How to Protect Against Inflation
- Is It Now the “3.3% Rule”?
- I Sold My Rental and Changed Jobs to Save Myself
- Tax Returns Necessary After Somebody’s Death
- The Dao of DAOs
- Why federal employment after the military is a great option
- Why Fund Returns Are Lower Than You Might Think
If you want to nerd out, here is the Vanguard 2022 outlook paper:
2022 BAH Rates and Finance Friday Articles
Here’s the article about the 2022 BAH rates:
Here are the rest of the articles:
- Does Money Buy Happiness?
- Giving Advice for Donating to Charitable Causes
- How to handle COVID-19’s financial impacts
- I Was A Victim Of Bank Fraud – Here’s What Happened
- Living Our Lives in a Dual-Physician Income Household
- Looking Long
- The Bogle Method to Calculate Future Stock Returns
- The Hidden Costs of Free Investment Services
- VA Home Loans Grow in Popularity, But Challenges for Buyers Remain
Finance Friday Articles
- 10 Years with a One-Fund Portfolio
- 2022 economy and markets: 4 things to know
- Coaching Options for Doctors: Career, Life, Burnout, and More
- Different Ways to Mix and Match Vanguard Funds in Your Portfolio
- Do Government Bond Yields Still Matter as an Economic Signal?
- End-of-Year Financial Checklist for High Earners
- My Favorite Investment Writing of 2021
- Risk & Return Expectations For Crypto
- Short-Term vs. Long-Term Capital Gains
- The Market is Not So Efficient Lately
- This Bull Market Hasn’t Always Been Easy
- TRICARE and Retirement: Steps to Help You Get Ready
- What Are I Bonds?
- You Probably Need to Rebalance
Here are 2 PDFs from Vanguard you might find interesting. One discusses the role of bonds in a low-yield environment and the other tax loss harvesting:
Accidental TSP Contributions Above the $19.5K Limit and Finance Friday Articles
It was announced earlier this year that TSP contributions in 2021 will not automatically stop at $19,500. I posted this on MCCareer.org in July, and here is the original article that post points to:
Word from a senior officer who over contributed already and contacted TSP is that they will fix this issue automatically if you over contribute. Here is what they said:
“Currently the pay system is not designed to stop at 19,500.00. Anything over the limit, if you are under 50, partially rejects at TSP. TSP will only accept up the 19,500.00 limit. We send out the voucher for November TSP tomorrow. Once we get feedback from TSP, we will begin correcting the accounts, and crediting back the amount over the limit. This is all a new change this year due to TSP implementing Spillover. We are currently working on a process to stop the accounts that are not eligible for Spillover at the 19,500.00 limit.”
Here are the articles:
- COULD CHINA’S MASSIVE PUBLIC DEBT TORPEDO THE GLOBAL ECONOMY?
- Discounts for Healthcare Workers in 2021
- Invest, Don’t Bet
- Investing Lessons Learned from Fantasy Football
- No Called Strikes in This Business
- Read Before Selling Stocks Due to the Omicron Variant
- Take Advantage of These 5 Year-End Tax Tips
- The Massive PSLF Overhaul: What You Need to Know
- What’s a Safe Retirement Spending Rate for the Decades Ahead?
- You Don’t Need to Sacrifice Your Life to Become a Physician
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