Wealth Management/Fee negotiation
Student Doctor Forum » Finance & Investment
by vm26
3d ago
I'm with ML. Overall happy with their services however, never considered their fees or negotiating a better fee rate. Curious as to what others do? Some docs seem to think that having a financial advisor is unnecessary/scam ..read more
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Currently under SAVE plan as attending
Student Doctor Forum » Finance & Investment
by apr27
1w ago
So, I recently spoke to a financial advisor who advised that I should have switched to the PAYE during my fellowship year due to the cap. 1) Have most of you guys switched to PAYE? 2) Anyone on SAVE still? How do you feel about it I personally don't see the difference. My expected payments per the various loan calculators under SAVE are like 3k. Loans:200k Salary:390k ..read more
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Why are you in the stock market?
Student Doctor Forum » Finance & Investment
by goldsummer
2w ago
I am curious of the motivation to do stock trading/investing of the members here, since most here are presumably all high income earners and have a higher than average IQ. Is it because: - you're trying to ensure security in the event of problems - you're trying to retire early and get out of the rat race that comes with your job - you're addicted - you're bored - you have the extra expendable income and its fun/hobby - you're trying to be as rich as possible to afford certain items or a... Read more ..read more
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Asset protection : Umbrella insurance / Trusts and other legal structures
Student Doctor Forum » Finance & Investment
by onconc
3w ago
Not sure whether this type of finance related post is against the rules. What do you all do for financial asset protection ? Do you set up some trust or other legal structures etc that is bulletproof from lawsuits ? - What kind of trust (or legal structure) is it ; and how did you set it up ? Do you have umbrella insurance as part of asset protection ? If yes - What is the coverage limit ? I mean is it 0.5x or 1x or 2x of your total assets ? - Who is the provider company that... Read more ..read more
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Spouse and FAFSA implications
Student Doctor Forum » Finance & Investment
by Lakers2023Champs
1M ago
Hi y'all. I will be starting med school next year and plan on getting married for after MS1. My gf is projected to make 100k/year and I was wondering how this would implicate my financial aid. I would not be living with her(doing LDR) or am expecting her to pay for any of my school/expenses. Thank you all for the insight ..read more
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Wealthfront
Student Doctor Forum » Finance & Investment
by The kitchen sink
2M ago
Can anyone share their experience with Wealthfront investing? It’s a robo investor, they take 0.25% yearly, mostly investing in low expense ratio index funds ..read more
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Interest accrual with save plan
Student Doctor Forum » Finance & Investment
by kabooya
2M ago
I am currently enrolled in the SAVE plan for my student loans and have monthly payments are $0 until September 2024. My understanding is that interest should not accrue if I make my monthly payments, which happens to be $0. However, since October 2023, I noticed my loan balance slowly growing because of accruing interest. I made a payment of $1000 one month to see if that will stop the interest, but it didn't. I tried calling my loan servicer, but the wait time was over an hour. I sent them... Read more ..read more
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FREE 258-page comprehensive personal finance ebook
Student Doctor Forum » Finance & Investment
by tieu_tho16
3M ago
Hello, As a pharmacist, I am excited to offer my FREE personal finance ebook. I've written a 258-page ebook called "The Money Manifesto: Building Wealth and Keeping It" that provides personal finance, college planning, travel, and other money-saving tips. I'm making the full ebook available as a FREE download to anyone interested. ?Get the Free Ebook Here: www.sidewayup.com I hope you find value in the personal finance book. Please share with others who might benefit from the... Read more ..read more
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Spreading Financial Knowledge
Student Doctor Forum » Finance & Investment
by Superpsych
3M ago
Hello All, I am a physician and have been reading and studying the financial system for some time now. This information had to come out of my head because I keep seeing poor advise be given to my fellow physicians. I have started a blog without ads! Looking at you whitecoat investor! (I disagree with some of the information they post). Please provide any feedback if you would like. Much of the information is free. Wealthmanagementwizard.com Happy learning ..read more
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What Would Your Life Look Like: $400k / Year?
Student Doctor Forum » Finance & Investment
by AD04
3M ago
If you were given $400k / year (adjusted for inflation) with the condition of giving up your medical license forever, what would you do with the rest of your life ..read more
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