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The Sunday Best (11/05/2023)

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 expect to see those biases in the selected articles.

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

 

How do 2 accidental “doc-entrepreneurs” join forces with Leif Dahleen to ignite the financial independence journey for fellow physicians? What is the future of PoF? Join the Frugal Physician Podcast to find out more.

I’ve got my 2 acres of non-leveraged, crop-producing, cashflowing farmland via AcreTrader. Get yours.

To plan for a successful retirement, it’s crucial to have a general idea of what your spending needs will be when you retire. In this post, author Greg Davis discusses the expenses you must consider in your retirement planning: 9 Expenses that Remain in Retirement

 

Being house-poor can ruin your retirement plans. Simply saving $2,000 a month by buying a less expensive house will provide an extra $10,000 a month during retirement. From Financial Success M.D., Seven Mistakes Could Spoil a Great Retirement

 

Stock Market Investing for the Faint of Heart, especially in bear markets. Allan Roth from AARP gives us two strategies to invest in a stock that will likely provide higher returns with only the chance of a (improbable) minimal loss. 

 

Mr. Life Outside the Maze talks about why he sold his real estate portfolio and how understanding interest rates made a six-figure difference in his net worth: I made six figures off of dull interest rates

 

Alaska, Connecticut, and Minnesota replaced Washington State, Oregon, and New Hampshire in the top category of states with the highest median household for 2023. Here are other trends from the Census Bureau report of the official income data for the U.S. From Accidental Fire, The Median Household Income In America In 2022

Can You Take Bonus Depreciation On Rental Property? Debt-Free Doctor breaks down everything you need to know about bonus depreciation and how to use it to reduce your tax bill significantly.

 

Ken Lindsay retired 14 years ago at age 50. He generously shares lessons he’s learned in over a decade of early retirement and his plans as he enters traditional retirement years. From Can I Retire Yet, The Best Laid Plans…

 

How does Social Security affect the automatic enrollment in Medicare?  Christian Worstell, health insurance specialist, explains that and more in this podcast episode. From Above the Canopy, Everything You Need to Know About Medicare With Christian Worstell

 

As parents, our instinct is to do everything for our children, including setting them up financially in the future. Prudent Plastic Surgeon makes a case on why it’s not the right thing to do. At least at first: 6 Reasons Doctors Should Save and Invest for Yourself Before Your Kids

 

This rule can help you survive the financial downturn and stay disciplined when buying property during a hot market like the one we’re in now. From Financial Samurai, The 30/30/3 Home-Buying Rule To Follow

“Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.” Here are other timeless investing principles from Warren Buffet’s mentor, Benjamin Graham. From Forbes, Here’s What Warren Buffett’s Mentor Said About Investing

 

The strength of marital commitment is associated with optimizing retirement contributions. Kimberly Blanton from the Center for Retirement Research at Boston College outlines the cost if couples do not prioritize the 401(k) with the more generous match: Many Couples Do Not Coordinate 401(k) Matches

 

FZROX (Fidelity Zero Total Market Index) and FSKAX ( Fidelity Total Market Index Fund) are two Fidelity mutual funds that aim to generate similar returns as the broad range U.S. stock market. In this post, we compare FSKAX and FZROX’s key differences: longevity, expense ratio, performance, tax efficiency, and diversification strategy: FSKAX vs FZROX: Which Fidelity Broad Market Mutual Fund is Better?



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1 thought on “The Sunday Best (11/05/2023)”

  1. I read the article about bonus depreciation. Now maybe the example was simplified for easier comprehension, but based on what my accountant told me about my horse barn which I depreciated, the recapture would only apply to the appraised value of the BARN portion of the property when the farm is sold, and that typically a 20 year old barn will be worth far less than its original cost. Thoughts?

    Reply

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