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…
How much do I really need for retirement?
How much do I really need to save ? Last entry we looked at how and why we need to start saving for retirement early. But how much do we really need? I guess the better question is what do…
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…
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…
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…
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…
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…
A Financial Blog For Veterinarians..
It’s simple. We invest the same four years in education as other medical professionals and accumulate the same level of debt, but in the end our incomes are quite different. Also, despite years of education, most of us are woefully…
