My Mega Roth Conversion: a $212,000 mistake?

Prior to 2010, Roth conversions were off limits to most physicians or anyone else with six-figure income. In 2010, the rules changed and the $100,000 AGI limit was eliminated. The prevailing thought was that there would be a one-year window in which high earners could legally do a Roth conversion. From one of the many articles on the subject from back then:   “2010 is the only year that this exception is allowed. Starting in 2011 (unless congress changes it), it reverts back […]

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Double Your Money with the Rule of 72

Rule of 72

Doubling your money is easy. Seriously. Let’s see, you could walk away with double your money by: Placing your chips on the roulette table. Wesley says “Always bet on black.” Any variation of #1 at the blackjack, craps, poker table or sports book. Bet against the housing market at the perfect moment in history, à la The Big Short. Collect your Nigerian lottery winnings. The return on this one is actually way more than double according to the e-mails.   […]

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Top 5 Ways to Manage Your Money

I’ve written a few Top 5 posts so far, and the 5 top items have generally been listed in no particular order. That won’t be the case today. Presenting, from best to worst, the Top 5 ways to manage your money:   1. DIY (Do It Yourself)   Invest in low cost stock and bond funds. Diversify. Invest early and often. Know the tax implications. Create an Investor Policy Statement with a thoughtful asset allocation for your portfolio. Read a recommended book or three. […]

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You Need an Investor Policy Statement

I enjoy internet forums. I’ve been a lurker (non-participating reader) of several forums for quite awhile. Since launching this site, I’ve become a more active participant. I learn a lot when a question is raised and then answered by dozens of interested people with different backgrounds and perspectives. Crowdsourcing for a solution to any dilemma can be a great way to help you make a decision or simply become more educated on a topic of interest. A frequent question that […]

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The PoF Portfolio

pof koozies

[editor’s note: content updated 7/2018.] [In my best Ron Burgundy voice] “My portfolio looks good. I mean really good. Hey everyone! Come see how good my portfolio looks!” I’ve touched on the importance of investing early and often, but I haven’t given you a clue as to how I invest. It wasn’t until sometime last year that I wrote myself an Investor Policy Statement and came up with an asset allocation that felt appropriate. I made a few transactions to apply […]

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