The third option is to buy a “starter home” and save the down payment for the dream house within the starter home. This was the approach I took, since I knew I would be moving after four years anyway when I left the military. I wasn’t able to come up with a down payment on a dream home quickly upon residency graduation, but I could scrape up enough

There are many ways to avoid paying these taxes, but nearly all of them involve giving money away to your heirs prior to death directly or using irrevocable trusts or giving money away to charity prior to or at your death. One of the more commonly used methods involves an irrevocable life insurance trust. The owner of a large estate places money in

The first is to never carry a mortgage larger than twice your gross income. The second is to spend less than 20% of your gross income on housing, including your mortgage payment, utilities, property taxes, insurance, and maintenance.

The second priority is to determine a plan for your student loans.

You can learn more about using a HSA as a Stealth IRA at here.

“To laugh often and love much; to win the respect of intelligent persons and the affection of children; to earn the approbation of honest citizens and endure the betrayal of false friends; to appreciate beauty; to find the best in others; to give of one’s self; to leave the world a bit better, whether by a healthy child, a garden patch or a redeeme

Unfortunately, there are nineteen states with estate and/or inheritance taxes, and most of them use lower estate tax exemptions than the federal government. Political types won’t be surprised to see that most of these are “blue states” and include Washington, Oregon, Nebraska, Minnesota, Iowa, Illinois, Kentucky, Tennessee, Pennsylvania, New York,

Attending physicians should carry an “umbrella” policy with limits of $1 million to $5 million. A resident may not want to spend the $200 to $700 a year this type of policy costs, but at a minimum he should increase the liability limits on his auto and renter’s/homeowner’s policy to $300,000 to $500,000.

As mentioned earlier, different amounts of home equity are protected from creditors by different states. This ranges from essentially all of it (Florida, Texas, Arkansas, Washington, D.C., Iowa, Kansas, Oklahoma, and South Dakota) to almost none of it (Maryland, New Jersey, Pennsylvania) and everything in between.