• Finance Basics

    The Rule of 72

    There is an often misquoted “rule of 72” and it goes like this….. If you want to know the number of years needed to double money at a given rate of return, you just divide 72 by the rate. For…

  • Retirement

    All About IRAs

    Traditional IRA vs Roth IRA What if you don’t have a 401K (403b, a “Simple IRA” or a or a SOLO 401K) at work? Or maybe you don’t like the available plan options. There are still tax-advantaged ways you can…

  • Retirement

    Tale of 2 401Ks – Why Expenses Matter

    We need to talk a little bit about investment expenses. Those of us who plan on enjoying our “golden years” will save money for retirement. The majority will use mutual funds as our go-to investment vehicle. (We will spend much…

  • Retirement

    Max Out That Retirement Account

    Assuming that your have access to a 401K, 403b, a “Simple IRA” or a or a SOLO 401K, stuff money in that account and the government will pay back 24% of what you save! How is this possible? The government…

  • Retirement

    Who wants to be a Millionaire?

    Let’s talk about retirement.  If you are planning on social security to fund your retirement – think again.  Not because social security will be bankrupt before you retire. Social security is one of the most popular federal programs and likely…

  • Finance Basics

    Financial Jargon

    Imagine how lost one of your non-veterinary friends would feel if they walked and heard you speaking to colleagues about a fascinating case. “Today I saw a GSD with IHMA. His PCV was 14 and his SpO2 was 91…..”What does…

  • Finance Basics

    Mutual Fund 101

    What is A Mutual Fund? You can think of a mutual fund as a basket full of stocks and or bonds. The fund pools moneys from many different investors by selling shares and uses the investor’s funds to purchase stocks…

  • Finance Basics

    Bonds 101

    What is a bond? Earlier we talked about how corporations are a legal entity who can buy buildings, desks, chairs and computers and can hire or fire employees. Well they can also borrow money. A bond is essentially an IOU…

  • Finance Basics

    Stocks 101

    Before exploring stocks bonds and mutual funds we must first understand the concept of a “corporation.” A corporation is a legal entity that is somewhat like a person. A corporation can own things like buildings, desks, chairs and computers. It…