Konstantin specializes in setting up and managing retirement plans, including 401(k) and Defined Benefit/Cash Balance, and serves in an ERISA 3(38) fiduciary capacity. A large record-keeper usually specializes in working with larger, vanilla plans, and they have less expertise and interest in serving smaller plans (such as those for medical or dental practices), that require a lot more attention to detail and a customized approach to plan design.advisor design employee investment plan practice record keeper retirement plan small tpa
Once a year, they send you a sheet detailing your 401(k) performance and comparing you to your peers. The PCRA option does cost me $200 extra a year (plus commissions if I don’t use Schwab ETFs), but that works out to be less than the 0.2% for me.asset fee fund hope Partners performance plan retirement returns years
While I do have some investments that would be considered “alternative,” at least 85% of my portfolio is invested in boring old index funds.
As mentioned, I am relatively conservative when it comes to RECF by limiting my investments to first position debt.deals debt equity estate crowdfunding investment loan platforms position project property
The White Coat Investor become a millionaire by the age of 38, about seven years out of residency with an average annual income of less than $180K. The White Coat Investor has been telling us for years to get a lower interest rate on your student loan.associate Biglaw firm law legal living numbers salary saving year
One of the lessons frequently taught to me growing up was that I was free to choose anything I like, but that I wasn’t free to choose the consequences of my choices. Or chose a high paying job and did a second one on the side for a few years after residency.career choice consequence Education financial future made physician school years
I want those docs to stay in practice to take care of me when I get sick or injured but I also want them to get a fair shake from the financial services industry. Then you go back to doing whatever you want to do, and from time to time the investment sends you some money.business Doc financial idea income money net worth passive income top years
The WCI Conference, and it has essentially filled.
I have been fortunate to have WCI grow as quickly as it has, and that is primarily due to word of mouth growth as attendings tell residents, residents tell interns, interns tell students, and students tell attendings all about it.faculty financial interesting loan money resident student talk tax topic
It’s a discussion of just how much increased income can speed up your journey to financial independence.
This fact, along with increased contributions to her taxable investment account, will shave another 4 to 7 years off of her working career.career Dr Equation Fi home income raise saving spending year
It’s going to be pretty awesome, but I can’t make the room any bigger, so don’t delay. He wanted to know what should be said to pre-meds who were worried about how expensive going to medical school is these days.borrowing debt income Medical medical school payment physician residency student loan years
The Physician Wellness and Financial Literacy Conference (AKA The White Coat Investor Conference) will take place in Park City, UT at the Doubletree by Hilton at Park City Conference Center on March 1-3, 2018.
Conferences addressing physician wellness are sold for as much as $3,000, however we have tried to keep costs low enough that we can price this more like a typical CME conference.center conference credit major Medical Park City physician registration room wellness
Laurel Road (the new student loan refinancing division of Darien Rowayton Bank- DRB) might be a new name to you, but they’ve been a long-time sponsor here at The White Coat Investor and have refinanced the loans of hundreds of WCI readers. On June 15th 2017, DRB officially rebranded to Laurel Road which embodies both the journey it takes for our customers to achieve their life goals, and the inherent satisfaction once those goals are earned.bank borrower customers DRB Laurel Road lending loan refinancing Medical refinance student loan