Key points:

  1. You must save more than your spend in order to grow your financial stash.
  2. During residency you should pay off at least $2,500 in student loan interest per year. Make sure you contribute to your Roth IRA fully but keep your Traditional IRA bucket empty. Save the rest of your earnings.
  3. While you are a mid-career professional you should be contributing to the maximum limit in all of the investment vehicles available to you. Invest in a taxable account. Buy umbrella insurance. Figure out what other options you would feel comfortable with placing your money to diversify. Contribute to 529’s if your state allows tax reduction.
  4. Retire 🙂

Read the full article here:

A FINANCIAL PLAN FOR BUSY PEOPLE

LEAVE A REPLY