The Sunday Best (2/18/2018)
The Sunday Best is a collection of articles I’ve curated for your reading pleasure.
Presenting, this week’s Sunday Best:
I can’t come up with many good reasons for a high-income professional not to take full advantage of all available retirement accounts, even if planning to retire early. The White Coat Investor agrees. Early Retirees Should Max Out Retirement Accounts.
Speaking of early retirees, I’ve shared the top things I’ll miss when I retire from medicine. Author and blogger Dr. Cory S. Fawcett misses his surgical career on occasion. Will You Miss Medicine When You Retire?
Why would anyone on earth retire from one of the best professions aound? Matthew Hahn MD shares some insight on KevinMD. A Week in the Worst Health Care System in the World.
I’ve been waiting for this post, and Michael Kitces at Nerd’s Eye View does not disappoint, clarifying some points in my tax reform guest post and giving real-life examples Understanding The New Pass-Through Business Deduction For Qualified Business Income.
You may be accustomed to a habitual rebalancing of your investments. Have you considered adjusting your priorities, too? Crispy Doc has. Yearly Rebalancing of Priorities.
Some people got rich quick with cryptocurrency. Others have not been so lucky. Count Ty from Get Rich Quick’ish among the latter. His Tales from the Crypt-o are enough to spook me away. But if you want some, he’s giving away $100 worth of crypto.
In case you missed it, here’s what I published earlier this week.
- Tax Loss Harvesting with Vanguard: A Step by Step Guide
- Early Retirement Bliss: Getting Your Partner on Board
- A Rare Tax Break for the Wealthy: The 529 Account
Finally, in my twelfth year of practice, I’ve made plans to go on a medical mission. My family will be joining me for a week in Honduras at Nuestros Pequeños Hermanos (“Our Little Brothers and Sisters,” or NPH), a home located in Honduras for orphaned, abandoned, and disadvantaged boys and girls.
The compound has an on-site surgical center with three operating rooms. They also have pigs, dairy cows, vegetable gardens, and orchards. They make cheese, bread, and tortillas there, and of course, provide free surgical care for those in need.
We’ll be there May 5 – 12, and they’re still looking for help, so if you happen to have the skills they need and the ability to get away, here’s what One World Surgery is looking for during those particular dates:
- Urologist, Ophthalmologist, CRNAs, Preop and PACU Nurses, Physical Therapist, Sterile Processor. Please help us spread the word and encourage those who are interested to complete an online application.
My First Travel Rewards Card
I’ve been earning travel rewards from credit card incentives for several years now, have booked dozens of free flights, and it all started with the Chase Sapphire Preferred®
Chase Ultimate Rewards are some of the most flexible points. You can book travel directly with them, pick up gift certificates or cash, but often your best redemptions happen when you transfer the points to one of many airline or hotel travel partners.
Currently, you can earn 50,000 points when spending $4,000 in the first three months, and the $95 annual fee is waived the first year. We typically put that much or more on a card in one month, so meeting the minimum on this or other cards has never been a challenge.
Those 50,000 points are worth $625 when booking travel via the Chase portal, and you can likely score round-trip flights worth up to $1,000 or more with those points. Also, both partners in a relationship can each apply for a card, giving you 100,000 points rather than the 55,000 points when getting one card and adding an authorized user.
If you’ve been thinking about getting your toes wet with earning and redeeming travel rewards, this is a great card to start with. Compare it with other travel reward cards, and if you decide to pull the trigger, you may help further this site’s charitable mission.
Have an exciting week!
-Physician on FIRE