The Sunday Best (02/18/2024)

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 frugality, tax issues, travel, physician 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 (02/18/2024)

If you are at the exciting point in your life where retirement is a mere five years away, you may be getting increasingly excited about making your workforce exit. But before you start picturing your newfound freedom, make sure to tackle these particularly important moves: 6 Things You Must Do to Retire in 5 Years.

Find a Great Credit Card

Manage Your Student Loans

Earn More Money

Is ICE, short for “I’ll continue earning,” better than the traditional vision of retirement or its more extreme FIRE version? From Humble Dollar, Fire Meets Ice

Dr. Cory S. Fawcett shares insightful lessons from what transpired during his seventh year of retirement: From Financial Success, MD., Seven Years Retired from Surgery.

What to consider for IRA conversions in the new year. From Morningstar, ‘Your IRA Is an IOU to the IRS’

• Roth conversions are among many tools in a good “tax planning toolbelt.” Done correctly, Roth conversions allow an investor to turn high tax rates in the future into lower tax rates today. Best Interest Blog discuss, Should You Consider Roth Conversions?

Many DIY investors can handle investing on their own. But there are plenty of people who cannot or do not want to. Here are the biggest reasons you should hire a financial advisor. From A Wealth of Common Sense, When Should You Hire a Financial Advisor?

Tech stocks continue to dominate the stock market and are becoming more and more concentrated. Should investors be worried? A Wealth of Common Sense discusses: Is the U.S. Stock Market Too Concentrated?

Tony Isola warns why you should NEVER underestimate the power of bad incentives in finance: Incentives Are Superpowers; Set Them Carefully.

Are you catastrophizing? Nine experts weigh in on curbing and diffusing your overly negative thoughts: From Vox, How to stop assuming the worst.

Of Dollars and Data separates what financial ideas truly matter from what doesn’t: The Most Overrated Things in Personal Finance.

Amy joins ChooseFI to share her story on what follows tragedy, the importance of wills and beneficiaries, intestate succession, and probate: Love, Loss, and Money: The Shocking Financial Aftermath of a FI Spouse’s Death.

Dr. Neill Slater, MD, outlines seven reasons why I still work after achieving financial independence.  Are they legitimate, or is he betraying the FIRE movement and my youthful ideals? From The Motivated MD, Why I still work after achieving financial independence

“The Automatic Millionaire” stands out for its unique and simple philosophy – that you don’t need to earn a fortune to accumulate wealth. Here are key takeaways from this classic book: Key Lessons from “The Automatic Millionaire”: A Financial Planners Review

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