The Benefits of a Written Financial Plan

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The power of a written financial plan is not just during a bear market, but it gives you the confidence to know that you're going to reach your goals. And probably one of the best things Katie and I ever did was get a written financial plans together. A 401k is essentially a tax protected plan. So buying and selling there's no tax consequences. The dividends that come out of the interest comes out every year,. You don't have to pay any taxes on those.

A few years out of residency this couple decided to get serious about their finances. Once they started to look at their finances and the fees they were paying their financial advisor they knew it was time to get a written financial plan in place. They took WCI's Fire Your Financial Advisor course and created a plan that worked for them. They fired their financial advisor and are on their way to financial independence! Do you need to get a written financial plan in place? Check out our course at https://www.wcicourses.com/p/fire-your-financial-advisor

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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