오늘부터 일주일에 한개씩 WCI블로그 읽고 요약해보기로 한다.
첫번째는 12 Things To Know About Student Loan Refinancing. 근데 론 없으므로 바로 다음으로 넘어가기로 한다.
Top 7 Financial Mistakes Doctors Make and How to Avoid Them
1. Poor Debt Management
빚없으므로 생략. 있으면 최대한 빨리 갚기.
2. Inadequate Savings Rate
20-25%는 정도는 해야한다.
3. Inappropriate Tax Management
401Ks and IRAs Max out 할것
Roth IRA (title: Why I Love the Roth IRA (Back to Basics)- Roth IRAs have a lot of advantages with regards to investing, tax reduction, asset protection, and estate planning.
Anyone with earned income can open a Roth IRA and contribute up to $5000 per year.
you’re over 50, those limits are raised to $6000 per year.
Roth IRAs are tax-protected.
you get to save a lot of taxes with a Roth IRA since, after the initial contributions, it is never taxed again.
Backdoor Roth IRA -
The Stealth IRA -
Doctors are well-known to make all kinds of stupid investments just to lower their tax bill. Yet far too many don’t take advantage of the simple tax shelters available to them. Why some doctors have investments outside their 401Ks and IRAs when they’re not maxing those out is beyond me. I’m always surprised how few doctors have heard about Backdoor Roth IRAs or Stealth IRAs. For most doctors, every dollar they put into a retirement plan saves them ~40 cents in taxes. Some self-employed physicians don’t even open the right kind of retirement plan, severely limiting their contribution amounts. Those doctors investing outside retirement accounts don’t realize the impact of using tax-efficient investments, minimizing churn (and the capital gains taxes it produces), tax-loss harvesting, and using investments with low tax basis for charitable gifts and inheritances. Most doctors are smart enough to either learn about the tax code and do their taxes themselves or hire a good accountant to do the job. But finding a few bucks here and there at tax time is missing the forest for the trees. The big gains are found in changing your tax behavior throughout the year.
4. Personal and Professional Divorce
의사랑 결혼해라. 의사랑 결혼하면 이혼할 확률도 낮다. 11%.
결혼하는거 비싸지만 이혼은 몇배 더 비싸다.
5. The Wrong Insurance
Insurance you probably need (circumstances do vary):
$1-$3 Million of 20-30 year level term life insurance
$7500-15000/month of good quality, personal, own-occupation disability insurance
$1-3 Million of umbrella insurance (with accompanying high liability limits on your property insurance)
$1-3 Million of Malpractice Insurance
6. Expensive Investments
투자할때 수수료를 낮춰라
7. Loaning Money
돈 빌려주지 마라. 가족이건 친구건.