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Investing 101 For Residents: RJ Nemeyer MD
Investing 101 For Residents: RJ Nemeyer MD
Investing 101 For Residents: RJ Nemeyer MD
RJ Nemeyer MD
Why should you listen to me at all?
TL;DR
Debt
Asset types
•Stocks
Table of •Bonds
•Cash
Mutual funds and ETFs
Useful resources
Yes!... and no.
• Professionals are overrated
• Personal interest with a lot of reading
• But you really should consider learning more about this at some
Should point
you listen • It’s dangerous to invest without some basic knowledge and self-
reflection
• But not investing is detrimental, too.
Clarify
• Parent company
• Funds
• Retirement plan administrators
Account Types
• Personal investment account
• Individual retirement account (IRA)
• Employer-sponsored account
• 401k (for-profit)
• 403b (non-profit)
• 457 (government)
• Taxable
• Taxed now
• Taxed earnings
• Traditional
• Taxed later
• Taxed earnings
• Roth
• Taxed now
• Not taxed earnings
What’s available to us?
• Personal investment accounts (to anyone, always)
• IRA (to anyone who has earned income)
• 403b and 457 plans (through U of U)
• No employer matching
• TIAA or Fidelity
• Roth and traditional options
• TIAA has great Vanguard funds available
• Be clear on your goals (long term
Be investing)
might
• Contribute to tax-advantaged
retirement accounts
• 1st: IRA (Roth, Vanguard, up to 6k in
Contribute 2019)
Resources Personal
Finance
•Ramit Sethi “I Will Teach You To Be Rich”
•JL Collins “The Simple Path to Wealth”
•Mad Fientist
Financial •Mr. Money Mustache
•JLCOLLINSNH/Simple Path to Wealth
Independence •Get Rich Slowly
Financial • Mint
• Personal Capital
Utilities • TurboTax
Medicine
Resources Specific
• White Coat Investor (book and blog)
• Physician on FIRE