10 ways to grow your savings during medical residency

10 ways to grow your savings during medical residency

As someone married to a physician I happen to have many friends in the medical field. Most doctors have to go through a brutal residency program. The medical residency takes between three and five years. Residents have a very busy working schedule, aggressive learning plan and spend long hours in the hospital. They shift every 3 Read more »

15 Mistakes in personal retirement planning

As a fiduciary financial advisor, I help my clients achieve their financial goals and ensure a safe path to retirement. I often encounter issues, which if not resolved on time, can impose serious threats to meeting these life objectives. In this article, I would like to share  my experience and guide you through some of Read more »

Top 5 Strategies to Protect Your Portfolio from Inflation

Top 5 Strategies to Protect Your Portfolio from Inflation

Protecting Your Portfolio from Inflation The 2016 election revived the hopes of some market participants for higher interest rates and higher inflation. Indeed, the 10-year Treasury rate went from 1.45% in July to 2.5% in December before settling at around 2.35-2.40% at the end of February 2017. Simultaneously, the Consumer Price Index, which is one Read more »

Municipal Bond Investing

Municipal Bond Investing

What is a Municipal Bond? Municipal bond investing is a popular income choice for many American.  The muni bonds are debt securities issued by municipal authorities like States, Counties, Cities and their related companies. Municipal bonds or “munis” are issued to fund general activities or capital projects like building schools, roads, hospitals and sewer systems. Read more »

14 Effective ways to take control of your taxes

14 Effective ways to take control of your taxes

In this blog post, I will go over several popular and some not so obvious tax deductions and strategies that can help you decrease your annual tax burden. Let’s be honest.  Nobody wants to pay taxes. However, taxes are necessary to pay for pensions, social services, Medicaid, roads, police, law enforcement and so on. Most Read more »

10 Questions to ask when choosing your financial advisor

10 Questions to ask when choosing your financial advisor

Seeking a financial advice is a major step in achieving your personal and financial goals. Financial advisors have been instrumental in helping clients maintain well balanced, disciplined, long-term focused approach towards their personal finances and retirement planning. Finding a good financial advisor is like finding a personal doctor. The chances are you will stick with Read more »

5 Ways to increase the impact of charitable donations

5 Ways to increase the impact of charitable donations

Traditional Charitable Strategies Charitable contributions are an excellent way to help your favorite cause, your church, a foundation, a school or any other registered charitable institution of your choice. Americans made $373.25 billion of charitable donations in 2015, which was 4.1% higher than 2014. The average annual household contribution was $2,974. In 2015, the majority Read more »

8 Financial planning tips for doctors

8 Financial planning tips for doctors

Introduction Being married to a physician has allowed me to obtain a unique understanding of the costs and benefits to achieving a medical degree.   In this post, we will discuss several practices that can help physicians and other healthcare professionals achieve financial prosperity. What sets physicians apart from other professions? Doctors begin their careers Read more »

4 Steps to determine your target asset allocation

4 Steps to Determine your target asset allocation

One of the financial advisors’ primary responsibilities is to determine and document their clients’ target asset allocation. The target allocation serves as a starting point and guideline in diversifying the client portfolio and building future wealth. Clients’ unique financial goals, lifestyle, investment horizon, current and expected income and emotional tolerance to market turbulence will impact Read more »

Мaximize the benefits of Roth IRA

Мaximize the benefits of Roth IRA

Roth IRA is a tax-exempt investment account that allows the owner to make after-tax contributions.  The plan has a tax free status. All investments grow tax-free. The plan offers a lot of flexibility and few constraints.  There are many ways to maximize the benefits of Roth IRA ownership. Save for the future. Opening a Roth Read more »

How to build your 401k plan

How to build your 401k plan

401k plans are a powerful savings tool for retirement With total assets reaching $4.8 trillion dollars 401k plans are the most popular retirement vehicle and are increasingly used by employers to recruit and retain key talent.  401k accounts allow employees to build their retirement savings by investing a portion of their salary. Contributions to the plan Read more »

A beginner’s guide to retirement planning

uide to retirement planning

Many professionals feel overwhelmed by the prospect of managing their finances. Often, this results in avoidance and procrastination– it is easy to prioritize career or family obligations over money management.  Doing so puts off decision making until retirement looms.  While it is never too late to start saving for retirement,  the earlier you start, the more Read more »

A beginner’s guide to ETFs

Guide to ETFs

A beginner’s guide to ETFs. The ETF industry was born as a result of the market crash in October 1987. The initial goal behind ETFs was to provide liquidity and mitigate volatility for market participants. Over the last 20 years, ETFs became a favorite investment vehicle for individual investors and asset managers. Today, globally there are 6,870 Read more »