Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful.
This week’s favorites include an explanation as to why your hospital is always full, when is it OK to pull money from your 401(k) to pay off debt, cool money facts, such as 60% of people under age 34 have pulled out money from their retirement plan, how to invest a $50K windfall, and what retirement really looks like for physicians.
Have you noticed your hospital is always full now? It didn’t used to be that way. What changed? In this recent KevinMD article by Steven M. Grant called Wonder Why Your Hospital is Full? Steven considers the hospitalist as the reason. What do you think of his logic?
Ever thought of taking money out of your retirement plan to eliminate credit card debt? Well it’s a dumb idea and Ryan at Arrest Your Debt tells you why in his piece When You Should Use Your 401(k) to Pay Off Debt. Do you think it’s OK to do this? If so, when?
If you are looking for some interesting financial statistics to see how you fair, here is a list of Stats That Would Make Our Founding Fathers Cringe, written by J. Money at Budgetsaresexy. For example, did you know that nearly 60% of people under age 34 have already taken money out of their retirement plan? What are they thinking? Hope you’re not one of them.
What if you had a $50k windfall? What would you do with it? The Debt Free Dr. has something to say about it in 5 Best Ways to Invest 50K Wisely for 2019 and Beyond. Have you ever had a large windfall? What did you do with the money?
What does retirement really look like for physicians? Here is a look at several docs who retired at different ages, from James F. Sweeney in Medical Economics. One doc in the article still works at age 95!
I hope you enjoy these articles as well as I did. I look forward to updating you again next week with a few more articles I found especially interesting.