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How to Protect Yourself From Financial Fraud and Scams

By Amanda McFarlane | October 22, 2021

Last updated: 02/28/2024 The Internet has changed almost everything about how we do business, bank, pay bills, and shop. It has also opened a whole world of possibilities for hackers and scammers to take advantage of people and steal identities and money. According to IdentityTheft.org, nearly 33% of Americans have…

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17 Money Mistakes Doctors (and Other High Earners) Make

By Amanda McFarlane | October 15, 2021

Last updated: 02/28/2024 Financial missteps from high-earning individuals, like doctors, can be especially costly. Do you struggle to manage your finances or want to improve your money habits? Or are you looking for additional ways to maximize your income and retirement savings? Here are 17 money mistakes doctors and other…

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10 Reasons Physicians Need a Financial Team

By Amanda McFarlane | October 1, 2021

Last updated: 02/28/2024 Physicians have complicated financial needs when you consider student loans, cash flow to meet life goals like owning a home and having children, paying taxes, negotiating employment contracts, obtaining the appropriate insurance, saving for retirement, building wealth, and buying into or operating a practice. Physicians are also…

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The 4% Withdrawal Rule in Retirement: Is It a Bad Idea?

By Amanda McFarlane | September 24, 2021

Last updated: 02/28/2024 One of retirees’ greatest fears is running out of money.1,2 Some of the key questions as you prepare for retirement are, how much money will I need to retire? Will my money last through my lifetime? How much can I safely withdraw every year so that I…

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Required Minimum Distribution: What It Is and How to Calculate It

By Amanda McFarlane | September 15, 2021

Last updated: 02/28/2024 Required minimum distributions are important to your overall income strategy in retirement, but the rules can be complex, especially if you have multiple retirement accounts. Read on for more about what a required minimum distribution is, how to calculate it, and special exceptions for taking an RMD.…

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Diversification: What It Is and Why It Matters to Your Portfolio—and Financial Future

By Amanda McFarlane | September 10, 2021

Last updated: 02/28/2024 The stock market and investing, in general, can come with high highs and stomach-churning lows. Knowing where to invest your money and how much to invest is a complicated interplay of many factors—investing most or all of your money in one security or stock means you’re fully…

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How to Improve Your Credit Score

By Amanda McFarlane | August 27, 2021

Last updated: 02/28/2024 Your credit score has a significant impact on your ability to meet your financial and other life goals. A good credit score makes life a little easier and more affordable—you’re more likely to get approved for loans with lower interest rates, meaning lower payments and more money…

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How to Avoid Emotional Investing

By Amanda McFarlane | August 20, 2021

Last Updated: February 14, 2024 Money is personal—there’s no denying that. You’ve worked hard for it, and it touches nearly every aspect of your life. In the same vein, emotions are ever-present in our lives and affect almost every decision, reaction, and situation we encounter. Market changes, volatility, and chasing…

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