Would love any insight from someone who was perhaps once in a similar situation and found success!
I am a 36 yr old, unmarried female physician with no children yet:
After a combo of young and poor financial decision-making, a costly divorce, and some time working in New Zealand where my priorities were to have experiences and pay off bad debt (i.e. minimal savings), I am now in a great spot with a great income, 6-mo emergency fund, limited fixed expenses and a very low interest student loan as my only debt. No kids, but likely one in the next 2 years. I want to dump as much money as possible into retirement investments NOW while I continue to live my awesome minimalist flip-flop wearing lifestyle.
I started as basic as the Kahn Academy, Smart Women Finish Rich and have read the heck out of this site, WCI book, and other supporting investment blogs and resources. Now recently giving thought to hiring a CFP to help me prioritize and initiate my retirement/investments (I only have a small Vanguard IRA thus far), though as I continue to listen and learn, would ultimately want to avoid paying long-term AUM fees and $3-4K annually for "advising" if I am able to do this on my own after a couple years.
I am self-motivated but also wary to make poor decisions that could cost me serious $money$ 20 years down the road. Also afraid to just "pick" someone to give me advice, so I have met with a couple fee-only FAs to see if one of them gives me the warm and fuzzies and I can swallow the annual fee.
Many of you sound very wise and have managed to go out on your own in this adventure. I would appreciate any advice on a "general" outlook in "getting started" and while the objective advice is plentiful on WCI, I would really appreciate a "this sounds like me" anecdote from fellow physicians if out there.
Did any of you start with a CFP and then branch out successfully from a situation like mine?
THANK YOU!!
I am a 36 yr old, unmarried female physician with no children yet:
After a combo of young and poor financial decision-making, a costly divorce, and some time working in New Zealand where my priorities were to have experiences and pay off bad debt (i.e. minimal savings), I am now in a great spot with a great income, 6-mo emergency fund, limited fixed expenses and a very low interest student loan as my only debt. No kids, but likely one in the next 2 years. I want to dump as much money as possible into retirement investments NOW while I continue to live my awesome minimalist flip-flop wearing lifestyle.
I started as basic as the Kahn Academy, Smart Women Finish Rich and have read the heck out of this site, WCI book, and other supporting investment blogs and resources. Now recently giving thought to hiring a CFP to help me prioritize and initiate my retirement/investments (I only have a small Vanguard IRA thus far), though as I continue to listen and learn, would ultimately want to avoid paying long-term AUM fees and $3-4K annually for "advising" if I am able to do this on my own after a couple years.
I am self-motivated but also wary to make poor decisions that could cost me serious $money$ 20 years down the road. Also afraid to just "pick" someone to give me advice, so I have met with a couple fee-only FAs to see if one of them gives me the warm and fuzzies and I can swallow the annual fee.
Many of you sound very wise and have managed to go out on your own in this adventure. I would appreciate any advice on a "general" outlook in "getting started" and while the objective advice is plentiful on WCI, I would really appreciate a "this sounds like me" anecdote from fellow physicians if out there.
Did any of you start with a CFP and then branch out successfully from a situation like mine?
THANK YOU!!
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