Today’s Selection from The White Coat Investor focuses on people like me. Or more accurately, physicians about my age, but the messages apply broadly to mid-career professionals from any career path.
The typical mid-career professional is probably in his or her forties or early fifties. She might have a decade or more under her belt and a decade or more to go.
Maybe it was an investment related mistake, such as market timing, picking individual stocks, or investing in a taxable account. Whatever it was, it’s best to correct it earlier rather than later.
By mid-career, you have probably been in your house for a few years already, know about what to expect as far as earnings the rest of your career, and can plan out a date to have the house paid off.