Financial Capacity: Here Today, Gone Tomorrow (Wise-up on Health, Wealth, & Aging)

You may lose your marbles, but you can still preserve your financial well-being.  Unlike other finance posts on The Reading Room aimed at helping you become financially literate, this one is all about what happens when you develop age-related financial vulnerability and are no longer able to make sound financial decisions.   And this post is not just relevant to older or retired radiologists, but…


What I Wish I Knew About Finance As a Medical Student and Resident

Let’s talk about the “f-word.” That word being failure, of course (what did you think I meant?). Hindsight is 20/20.  To err is human.  We can’t escape failure, as much as we might want to, especially when we receive that stinging feedback. It’s true that the path to success is paved with failure—but, as it turns out—everything you thought you knew about failure is probably wrong (🤯!!!). Well,…


The Finance Savvy Resident: Your Future-Self Will Thank You For This

Or your future-self might not; I don’t know, because I can’t predict the future. But I can offer some solid, evidence-supported suggestions—apropos to residents—as to potentially prescient, if not  generally, sensible financial moves.  Whatever your particular path or current circumstances, it is never too early nor too late to consider your financial future; how you can help position yourself…


Play By the Rules and You Could Love Retirement

Are you thinking about retiring?  Unless you’re already retired, I suggest you DO start thinking about it.  Whether it’s 5 years down the road or 50 years into the future, it’s wise to start planning early.   Why is that?  I could fill beaucoup tomes on that answer, but let’s keep it simple: because getting to the $ number you need in order to retire with the lifestyle you’ve imagined for…


How to Manage Your Green to Stay Golden (with a Sound Retirement Spending Plan)

“I want the last cheque I write to bounce.” Chuck Feeney Ah, the golden years—riding into that retirement sunset. For some, it’s an eagerly-anticipated time in life, filled with big dreams; possibly, plans of moving to Florida. For others, shudder-the-thought. Wherever your feelings might fall on the spectrum, one thing may hold true: you probably don’t want to burn through your retirement…


Retirement Plans: What Every Radiologist Should Consider STAT

If you are a young radiologist, retirement may be the farthest thing from your mind—and possibly decades away. You might think understanding the many different types of retirement plans and investing accounts (and all their intricacies) is something you can deal with down the road. You have plenty of time, after all—right?  Hate to break it to you, but wrong! If this is news to you or you…


Getting Personal: Investing Accounts & Why You Need to Think “Grocery Baskets”

Let’s talk personal finance. Up to this point, my posts have focused on radiology jobs and business finance.  With this post, I start to delve into personal finance   Why is this an important topic for radiologists?  Personal financial education is a recognized contributor to workplace satisfaction and overall wellness, which in turn may decrease radiologist burnout.  However, most…