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The Sunday Best (03/10/2024)

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 (03/10/2024)

 

The earlier you retire, the longer you’ll have to cover healthcare costs out of pocket before government-provided programs like Medicare start kicking in.  Here are some healthcare options you can explore as an early retiree. Navigating Health Care Options If You Plan to Retire Early

The Chase Sapphire Preferred Card Chase_Sapphire_Preferred

The Chase Sapphire Preferred is my top pick for your first rewards card. Welcome bonus of 80,000 points worth at least $1,000 when used to book travel (after a $4,000 spend in 3 mo) and other great perks you can learn about here.

 

Five key takeaways from Medscape’s Physician Wealth and Debt Report for 2023 and discusses where our money goes, how we live, and where we lose: From The Motivated MD, 5 Ways Doctors Lose Their Money.

 

Humble Dollar discusses the five key stages of the second half of life (45 years+) and how to navigate it to live more joyfully and meaningfully: The Changes Ahead.

 

Dennis Friedman learned that not all financial decisions can be made with a spreadsheet in retirement. Here, he shares four strategies he’s adopted to make managing financial affairs easier in retirement: From Humble DollarMaking It Easy.

 

The high price we pay for certainty in the financial markets and why the certainty can prove illusory: From Humble Dollar, Comfort Has a Cost

 

How to factor in higher rates when deciding whether to purchase an annuity or buy long-term-care insurance: From Morningstar, 3 Key Retirement Decisions Affected By Higher Yields

 

Richard Quinn from Humble Dollar retired at 67; here he shares the key to his happy retirement:

Retiring on My Terms

 

How QCDs may be beneficial in four basic scenarios: From Humble Dollar, QCDs, and Me

 

Morningstar breaks down income annuities and savings annuities: Annuities Unveiled: A Guide to the Different Types of Annuities.

 

Debt-free Doctor explains passive losses from real estate investments, their impact on your tax deductions, potential limitations, and how to use proper reporting methods for deductions.

Reducing Tax on Rental Income: The Role of Passive Losses

 

What is the rule of 4 and how to apply it to ensure you’re equipped for a comfortable retirement: From Early Retirement Dude, Understanding What Is the Rule of 4: A Smart Strategy for Retirement Savings

 

How to lead by example when it comes to instilling good financial habits in children: From Journey to Launch, Empowering Kids For Financial Success With Maya Corbic

 

Why and how to mitigate uncompensated risk by understanding investment diversification and how to combat your natural tendencies and the people selling you their “winning strategies.” From Loonie Doctor, Why Investment Diversification Wins in Your Portfolio

 

Ten popular misconceptions about money based on experience: Most Common Misconceptions About Money

 

FREE POF Webinars this Month

As physician investors progress through various life stages and market landscapes evolve, staying static is not an option. PoF provides access to expert advisors with up-to-date data to help you become a better investor.

You can now register for our featured webinars of the month.

Impact Investing and Funds

When: March 14, 2 PM EST

Over $270M in investments from physicians to DLP funds!

Join Managing Principal, Rich Delgardo on a live webinar with Physician’s on Fire’s Jorge and Nirav about what is ‘Impact investing’ and how to navigate DLP funds. Gain valuable insight into DLP Capital’s strategies and performance as we navigate the ever-evolving investment landscape. Whether you’re a seasoned investor or just starting, this session will give you the knowledge to make informed investment decisions.

DLP Highlights:

  • Consistent cash flow with targeted returns ranging from 9-13%
  • 11 years Inc’s fastest growing companies with $5.25B AUM
  • 2900 families invested in DLP Capital
  • Real estate portfolio 17,000+ units owners and $2B deals funded

Rich will close out the hour with a live Q&A session, so bring your most pressing questions and have them answered by our team.

 

Getting Started with Private-Market Real Estate Investing

When:March 22, 11 AM EST

Join us for our 3rd webinar with EquityMultiple, the platform that streamlines passive real estate investing for physicians and accredited investors. Daniel Brereton, EquityMultiple’s Director of Investor Relations, will dive into the terms and metrics used in commercial real estate investing and private markets. To conclude, Daniel and Nirav will discuss the various opportunities and risks in private markets and how EquityMultiple’s investment team looks to mitigate these risks.

REGISTER HERE



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