When it comes to saving for retirement, there are several options available to individuals and small business owners. Three common retirement plans include the SIMPLE IRA, SEP IRA, and self-employed 401k. Each plan has its own unique features and benefits, making it important to understand the differences to determine which plan is best suited for your needs. The SIMPLE IRA, … [Read more...] about SIMPLE IRA vs SEP IRA vs Self Employed 401k: Choosing the Best Retirement Plan for You
Why you need an Emergency Fund
No matter what you do for work or your status in life, this is a stressful, worrisome time. The Coronavirus is spreading across our Country and businesses have been closed by government order and those still operating are under restrictions. This has led to widespread layoffs, pay reductions, and uncertainty. To say there is some additional stress in my life … [Read more...] about Why you need an Emergency Fund
Welcome to the Frugal Attorney!
I am the Frugal Attorney. I have a solo practice and am married with children. I have always been frugal and plan for the future, at least I try. During law school and after graduation, no one ever really explains personal finance to us, student loan refinancing, or how to build wealth. There are many sites to help doctors with personal finance and … [Read more...] about Welcome to the Frugal Attorney!