If you are saving enough, it's okay. Spend your money on whatever you want to spend your money on. But if you're only saving 5% of your net income, the numbers work out that you'll have a 66 year career. You've got to start looking at saving more money and that means spending less. A higher income can bail out of higher spending.
Today we answer your questions about what we are calling family finances. We tackle 529s, dependent care FSAs, what to do when you can't live like a resident, how to get your spouse involved in the finances, and roth accounts for kids. We also hear from Andrew of https://StudentLoanAdvice.com with an update on what on earth is going on with the student loan situation.
If you are finding our podcasts informative and helpful, check out our website! Since 2011 we have been working hard to provide valuable personal finance and investing information through thousands of blog posts written by an array of authors. You can find information on how to manage your student loans, fix and avoid common financial mistakes, understand your retirement accounts, optimize your investments, find professional help at a fair price, get started investing in real estate, and so much more, all at no cost to you. You can find out more about the courses we offer, the conferences we put on, the newsletters we provide, and interact with other WCI readers through our online forum. Head on over to https://www.whitecoatinvestor.com to start learning today. You can do this and The White Coat Investor can help.
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 for 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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