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.
For more great articles, take a peek at The Sunday Best Archives. Now let’s get to the best… The Sunday Best!
I visited the WCI studio in Salt Lake City to record this episode in-person with the good Dr. Dahle. Have a listen or check out the show notes! First Year [and a half] of Retirement with Physician on Fire – Podcast #204
The Leisure Freak is 11 years into his retirement, but he enjoys the challenge and education that comes with the occasional post-retirement job. Yes, that’s a thing. Semi Retirement? What I Loved About My Scaled-Down Retirement Jobs.
When you leave work, your taxes will drop dramatically. See the many ways in which Dr. Benson can maintain or increase his six-figure lifestyle without paying a penny in federal income tax. The Taxman Leaveth 2021: A No-Tax Early Retirement.
Isn’t it nice when you don’t have to pay? Jim from Route to Retire, who’s living in Panama with his family, shows us how he’s enjoying U.S. music, movies, and shows for free. You can do this here in the U.S., too. How We’re Streaming Movies, TV, and Music for Free.
If you’re tired of the standard argument against stock picking — that highly paid teams of professionals can’t beat the market consistently — Nick Maggiuli with Of Dollars and Data offers up a different reason than might resonate with physicians. Why You Shouldn’t Pick Individual Stocks.
I’d call this one a white lie, and it has to due with owing money to the federal government. XRAYVSN explains why tax refunds are the worst. I Lied About Being Debt Free And Why I Am Happy About It.
The pandemic treated some workers much worse than others. If you know someone who got the short end of the stick, Leif from Five Year FIRE Escape has some advice. Facts to Help Your Non-Financially Savvy Friends Turn a New Leaf.
It’s never too late to turn over that leaf, says the Banker on FIRE. If you’re getting a late start or a fresh start after some financial upheaval, here’s what you need to know. Never Too Late: How To Build Wealth In Your 50s.
It may not be too late to build wealth, but is it too late to buy a home at a reasonable price? Ben Carlson from A Wealth of Common Sense busts out a bunch of charts to explain Why This is Not Another Housing Bubble.
What can we expect in 2021? Real estate investor Passive Income MD teamed up with Crowdstreet to share some data on investor expectations. Real Estate Investors Share Their Insights on 2021.
Real Estate can cause headaches and heartburn, but Crispy Doc just invested a substantial sum into a property that met his criteria. Details are forthcoming, but he teases us with Real Estate Is A PPA (Proton Pump Aggravator).
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Spring Cleaning (We Bought a House)
Some people’s idea of spring cleaning is tidying up the garage or going through the kitchen cabinets and making sure there’s a lid for each piece of storageware.
Our idea is to buy one house and sell two. It’s going to be a lot more work.
I’ll share more details on the new place soon, but the property comes with about an acre on a desirable lake nearby with a home on an acre and a half across the street.
On the day we closed, with a little help from my boys, we cleared enough brush to park our travel trailer on the slab foundation of a cottage that once overlooked the sky blue waters. My wife started taking down wallpaper — a most tedious task — and we tore up some carpet to reveal beautiful oak hardwood that will be restored to its former glory.
Our to-do list is long. As I mentioned, we’re also planning to sell our $90,000 house and our current lake home, and I plan to list them for sale by owner. I’ve done this twice before, and we had great experiences both times.
The good news is that I’ve got plenty of time and no deadlines. That’s the beauty of early retirement!
We returned home from Florida Tuesday evening. Wednesday, I donated 2 units of red blood cells, unpacked, and went through mail. Thursday, I gave dozens of first and second doses of the Moderna COVID vaccine. Friday, we closed on our new property.
How did I ever have time for a real job?
A Recommend Tax Strategist / Tax Prep Service
We talk a lot about reducing taxes here on Physician on FIRE, but I’m not able to dig into your own personal situation. Luckily, we’ve been compiling a list of people who do just that.
If you’re interested in tax preparation services or seeking advice on how to best structure your investments or businesses to reduce your future tax burden, look to our short list of Recommended Tax Strategists, which includes:
Olympia Tax Service
At Olympia Tax Service we specialize in advising the white coat taxpayer. Our focus is on tax planning for 1099 workers and micro-practices with one to three owners. This allows us to maximize your short and long-term tax savings.
Need a tax compliance package for your S-Corporation? We can do it all or give you the tools to do it yourself. Whether you’re looking for ways to pay less on your student loans, build passive income, or are already thinking about early retirement, Olympia Tax Service is here to guide your financial journey.
Olympia WA, [email protected], (360) 356-7777
Have an outstanding week!
-Physician on FIRE