Jon C. Ylinen

The vast majority of my clients and people that I know who are independently wealthy have not inherited wealth or won the Powerball… it has been an accumulation of dozens and dozens of small, but tactical and educated decisions over time.

Proper preparation on the front end of your retirement planning has the potential to save you thousands of dollars of your net worth on the back end.

Most people use the stock market for long-term goals. That's why it's critical to keep a wide perspective when daily stock market fluctuations dominate the headlines.

How should we gauge the performance of our portfolios? My fear with investors at times is that they "don't know what they don't know".

Over time, a physician has the ability to certainly create higher wealth, but disciplined savings is needed and the breakeven with those making more average incomes is a lot farther down the road in life than most people think.

The question is no longer if interest rates will rise, the question is when. Here's a look at some of the impacts you can expect once the inevitable happens.

After years of delayed gratification, most young physicians transitioning from residency or fellowship into practice want to buy a house they will be happy living in.

Broaching the subject of long-term care with parents can be a difficult, uncomfortable prospect. However, avoiding the subject is not the answer.

For many of us, long-term care is somewhat of an enigma. Nevertheless, long-term care is unique in its potential to devastate nearly every aspect of a family's well-being.

From a financial perspective, identity theft is becoming an increasingly larger issue, and it comes in many forms from a range of different sources.

Although unsecured loans with higher interest rates are not typically advisable, they can present potentially valuable opportunities for some physicians.

As we review our financial information to finish the annual ritual of filing our income taxes, we are presented with the opportunity to check on our personal financial health holistically.

Physicians generally lose out on compounding interest because they don't start working until well after the majority of people, which helps explains why they're so behind on retirement savings despite high incomes.

We all know insurance companies are not non-profit agencies, and so there are many types of insurance available for purchase. One is definitely worthwhile to add on.

myRA is part of the government's effort to address the lack of savings in our country and the high reliance on Social Security. But how worthwhile is this new retirement account option?

Lots of investing in funds, individual stocks and ETFs is done within some sort of retirement account for the tax advantage, but there are downsides to these investment vehicles.

From a financial perspective, vehicles are necessary evils. It is a large cash outlay for a depreciable asset, but there are a few things you can do to minimize the damage on the net worth.

As the New Year approaches, it is good to reflect on 2013 and prepare for 2014. Here are 10 items to review within your financial strategy as the year wraps up.

A physician's greatest asset is typically their income earning ability, which can be protected with disability insurance. With recent market changes female physicians will want to lock in rates ASAP.

A very promising program that can help many physicians save thousands of dollars of interest on their student loan payments and even liberate them of their payments sooner than expected.

October, with the government shutdown and near miss on the debt default, was a great teaching experience for behavioral investing. So don't let fear or greed guide your decisions.

The classic argument of "rent vs. buy." Conventional wisdom states that renting is just throwing your money down the drain and paying someone else's mortgage. Well, that's not always true.

Some real life application of inflation on your American Life and why it needs to be factored into any medium- to long-term financial decision, such the size of your nest egg.

People are often afraid of low rates of return or bad investments, but we face a mostly automatic loss every year with inflation and novice investors commonly lose track of inflation in their retirement analysis.

Physicians would do well to consider other career options that may be interesting and available in case health care changes in a direction that makes their current careers no longer attractive.

Whether in a bear market or a bull market, media coverage tends to be negative, but don't let the media scare you into abandoning a sound long-term investment strategy.

Many investors often inquire about what they should expect their investment growth to look like or at what point they can expect to see their money double. Rule 72 is a simple way.

One company helping aspiring physicians get past the hurdles presented to them in medical school that can derail them before they ever even earn their first paycheck.

As the Dow reaches and continues to set new all-time highs, many investors are wondering if they are following the conventional wisdom of "Buy low, sell high." Dollar cost averaging can help take some guesswork out of investing.

Market returns do not always "make sense." Instead of attempting to time the market, investment decisions should be determined by the projected time horizon of the need of the funds, along with individual risk tolerance and objectives.