personal finance
Finance Friday Articles
- 10 Easy Ways for Medical Students, Residents and Early-Career Physicians to Sabotage Their Journey to Financial Serenity
- 10 Money Revelations in my 40s
- Finance Boldface: Why Doctors Should Take Their Money Cues from the Aviation Industry
- Go global for income
- Growth Isn’t Enough
- Look out for These Mistakes in Your Estate Plan.
- New benefit could help troops save on out-of-pocket health care costs
- The 50 Percent Rule
- Vanguard economist says it’s time to tilt toward bonds
- Why Should You Care When Stocks Plunge?
- Will More Money Make Me Happier?
TSP Completes I Fund Transition to Broader Index
I don’t use the TSP I Fund because it was only invested in developed international countries and excluded the developing countries (where much of the growth potential resides), but not anymore according to this TSP release! Here is an article that details the change:
Finance Friday Articles
- Age-Appropriate Money Conversations: Teaching Kids Financial Literacy
- Beyond Financial Independence: Money Irrelevancy
- Diversify the way you think about diversification
- Getting Paid to Not Understand It
- Giving Credit
- Have a TSP Account? Know the Rules for Your Heirs
- Multi-Millionaire the Boring Way
- My 27-Year-Old Car Will Make Me a Multimillionaire
- Polish Your Estate Plan
- Roth Conversions
- The State of the Disability Insurance Industry in 2024
Finance Friday Articles
- 31 Years of Stock Market Returns
- Armed and Ready
- How This Police Officer Learned to Get a Fair Shake on Wall Street
- Inflation has some military families ‘grasping at pennies’
- Taxes in Early Retirement
- The Physician’s Guide to the Best Disability Insurance Companies
- Timing the Stock Market Using Valuations
- VWIUX vs. FMBIX: Which Bond Fund Is Best?
- What We Believed
- Why It’s Usually a Mistake to Own Individual Stocks
Finance Friday Articles
- Chasing Star Fund Manager Performance
- Fear of the Decumulation Stage in Retirement
- Financial Waterfalls for New Residents and Attendings
- Home Insurance is a Really Big Problem
- Money Market Funds Are Not a Free Lunch
- Nothing is Certain Except Debt and Taxes
- The 60/40 Portfolio Win Rate
- The Childcare Options for a High-Income Family
- The Good-Enough Financial Organization System
- Why People Don’t Save Enough For Retirement
- Why You Must Adjust for Inflation in Long-Term Planning
Finance Friday Articles
- 15 Ways to Lose Money in the Markets
- Avoiding Bad Guys
- Can You Still Get Disability Insurance with Your Health History?
- Catastrophizing Debt
- How to Track Your Net Worth (ft. my FREE Net Worth Tracker)
- Is the Stock Market Too Concentrated?
- Still Learning
- Vanguard CEO Ramji: ‘Criticism Will Make Us Better’
- What Physician Specialties Have the Happiest Marriages?
- Why Investors Missed Out on 15% of Total Fund Returns
- Why Retirees and Investors Approaching Retirement Should Reduce Risk Today
- Why your parents should buy you a house
Finance Friday Articles
- 10 Reasons Doctors Spend Too Much Money
- A Key to Surviving the Global Market Selloff: Be Lazy
- Arm the Next-Generation Medical Ship
- Bonds Are Still a Hedge Against Bad Times in the Stock Market
- Financial Benefits During Residency That Are Vastly Underrated and Overrated
- Financial Independence Is Not the Holy Grail
- Ignore the Rule
- Is the Kaiser Pension Worth It?
- Turning on a Dime
- What Do Good Financial Advisors Cost in 2024?
- What Gets Attention is Rarely Valuable
- What is Coast FIRE? The Ultimate Guide to Semi-Retirement
- When Market Ignorance is Bliss
- Why It’s Usually a Mistake to Own Individual Stocks
The Updated FY26 Promo Prep is Now Chapter 3 in The Wealthy Captain!
This blog has been primarily about three things:
- Helping you advance your career
- Personal finance
- Keeping you in the know
I’m going to combining #1 and #2 into a new resource called The Wealthy Captain: Your Guide to Becoming One. This means that the document that used to be called “The Promo Prep” or “Joel Schofer’s Promo Prep” is now Chapter 3 in The Wealthy Captain.
There will come a time when I no longer can do this blog, so my plan is to slowly but surely turn The Wealthy Captain into a lasting resource with timeless advice. For now, it is a very short 30 page or so e-book, but as I work through all the content I’ve written in the last 10 years, my hope is that it will become much more than that.
Don’t worry. I’ll make sure that everyone can easily find what they are looking for as I slowly update things. In other words, I’ll keep the Promo Prep tab on the blog since people are used to going there. But there will now be a Wealthy Captain tab as well.
The FY26 promotion boards are coming. Happy preparing!
Finance Friday Articles
- 3 Steps to Stay Sane in a Volatile Market
- Fiduciary Duty – Theory versus Reality
- Gen X finally tops boomer 401(k) balances, but will it be enough to retire?
- How Long Can Stocks Underperform?
- Is Anybody Else Getting Nervous About an AI Bubble in the Stock Market?
- Protecting My Sanity
- Question of Interest
- The Impact of Fed Rate Cuts on Stocks, Bonds & Cash
- The Median US Stock Has a Negative Return
- This is Normal
- Unasked Questions
Joel Schofer's Career Planning Blog 