Index fund investing doesn’t get much attention. It’s not flashy, it doesn’t make headlines, and it won’t give you exciting stories at a dinner party. But history shows that boring can be very good—especially when it comes to long-term investing. One of the most famous demonstrations of this idea is known as the Warren Buffett Challenge . The Warren Buffett Challenge: Passive vs. Active Investing In 2007, Warren Buffett  issued a public challenge to the hedge fund industry. He wagered $1...

What Is an Emergency Fund? \An emergency fund is money set aside to cover financial surprises or sudden, large expenses that life inevitably throws your way. Think of it as your personal financial safety net, there to protect you when things don’t go as planned. For many physicians, the biggest financial shock is job loss. The COVID pandemic was a wake-up call. It showed us that physician jobs are not as immune as we once believed. Clinics shut down, physicians were furloughed, forced to use...

If you’ve ever sat down to look at your retirement options and felt like you were staring at a bowl of alphabet soup, you aren't alone. 401k, 403b, 457, IRA... it sounds more like a series of secret codes than a savings plan. The truth is, these names actually refer to specific sections of the U.S. tax code. The government wants you to save for your future (so they don't have to take care of you later!), so they created these accounts as "tax incentives." Essentially, they’re bribes to get...