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The Sunday Best (01/28/2024)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure.

Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy.

Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so I expect to see those biases in the selected articles.

Related topics that have become recurrent themes include early retirement, selective frugalitytax issuestravelphysician issues, and investing.

For more great articles, take a peek at The Sunday Best Archives. Now let’s get to the best… The Sunday Best!

Jorge Sanchez, MD, curated this week’s articles.

 

The Sunday Best (01/28/2024)

 

Deciding when to retire is one of the hardest decisions you will ever make. Retire too late, and you may not have the energy or health to enjoy it. But if you retire too early, you could end up in financial trouble with the worry that you may outlive your finances. Here is a retirement checklist of things that will help you determine your retirement readiness: Retirement Checklist: 7 Steps You Need to Take

 

Concentration risk is not ideal, but there are things you can do about it. From Contessa Capital Advisors, What If You Have Concentrated Risk?

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Should you rent or buy a home? The Finance Buff shares nine things he’s learned in real life that a buy-or-rent calculator can’t tell you: Beyond the Numbers: a Closer Look at Renting By Choice.

 

The White Coat Investor shares a three-step approach on how to stay composed when confronted with the media’s evocative language when reporting finance: The Semantics of Finance and How to Tune Out All the Noise.

 

Do home renovations make financial sense? Jonathan Clements from Humble Dollar doesn’t think so, sharing his experience doing a major renovation in his home: Our Money Pit.

 

Money might not buy lasting, profound joy, but it can undoubtedly rent some pretty good times. Here are eight ways you can spend money to increase joy. From Barking Up The Wrong Tree, This Is How To Spend Your Money To Maximize Happiness

 

 

What is a 529 to Roth IRA rollover, and is it worth doing, considering the risks and hassles involved? From The White Coat Investor, The 529 to Roth IRA Rollover (Including for Yourself)

 

Is an all-time high a bad time to invest in the market? Crossing Wall Street doesn’t think so, here’s why: CWS Market Review – January 23, 2024

 

Choose Fi talks about how to approach retirement planning, discussing critical aspects of retirement planning, such as calculating when you retire, tracking expenses, health insurance, and health spanning: Are We There Yet? ‘Retire Early’ Case Study | Ep 473

 

In this insightful article, Financial Success MD shares a comparison between what his projected retirement income looked like and what he has experienced since giving up his full-time medical practice ten years ago: My Projected Retirement Income Vs. Actual After 10 Years

 

The arguments for delaying social security are compelling. But, Go Curry Cracker explores why you might be better off doing the opposite:  Why Early Social Security Provides the Greatest Spousal Benefit.

 

After years of contemplation, the SEC finally approved several “spot” Bitcoin ETFs (exchange-traded funds) for trading on stock exchanges. But now that owning Bitcoin is easier than ever, should DIY investors buy Bitcoin ETFs? From Retire Before DadShould DIY Investors Buy Bitcoin ETFs?

 

As physicians, the biggest line item in our budget is taxes. Understanding tax brackets is a critical financial strategy, especially in areas like retirement planning, income splitting, and maximizing tax deductions and credits. In this post, we’ll look at how marginal tax rates and effective tax rates differ and potential moves you can make to minimize the taxes you pay over your lifetime: Marginal Tax Rates vs Effective Tax Rates: What’s the Difference?

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