Fawcett’s Favorites 3-4-19

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 a look at Direct Primary Care and how it may be the future of medicine, will it take a cancer scare for you to lead a life you love, how to know if you have saved enough, lessons on taking your kids on international trips, and paying zero taxes in retirement is not that difficult to do.

             Happy reading!

When Netflix started a subscription service for watching movies it upset the entire industry. Now it is spilling over into medicine in the form of Direct Primary Care, subscription services for doctors.  Dr. Allison Edwards tells us we should Take Note of Growing Demand for Subscription Services on the AAFP’s site on Fresh Perspectives. Is it the medical care model of the future?

Here’s a story of how a diagnosis of cancer changed one doctor’s priorities in life. It was a good thing she had been living her life with good financial planning, as a 50% pay cut became tolerable. Read her story, FOMO, Cancer, and the Practice of Medicine published by The Physicians on FIRE. I went through a similar scare. You just never know what might happen in life. I wrote an article about a similar wake up call for me called Live Your Life Now.

If you are wondering how much is enough to have in your retirement plan to take care of you for the rest of your life, just check out the article published by Wealthy Doc called Know Your Wealth Zone and Have Money For Life. All of us fear running out of money. This will help alleviate that fear.

Kids are tough to travel with to the grocery store, let alone to Spain. Learn from those who have gone before you and check out BCKrygowski’s tips on International Travel with 2 Boys: Hard Lessons Learned. We have traveled with our kids a lot, but not to Europe on such a long flight. She is a brave doctor.

Would you like to pay a tax bill of zero? The White Coat Investor gives several examples of how to do just that during retirement in his article Spending $200K in Retirement and Paying $0 in Income Tax. This is not a far-fetched concept. I paid zero income tax my first year of retirement so I know for sure it can be done. I wrote about it in Tax Surprises My Retirement Year. Pay attention to what you’re doing and you too can pay zero income taxes.

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.

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2 thoughts on “Fawcett’s Favorites 3-4-19”

  1. Thanks for including me.
    I have long been struggling to come up with a model somewhere between the “4% rule for everyone” and the “you need a Monte Carlo simulator and a Ph.D.”
    The Wealth Zones seem helpful to people so far.

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