Welcome, Hello PhD listeners! On this page, you will find further information on the subjects I discussed during my interview episodes.
Episode 89: The Graduate Student’s Guide to Investing for Retirement
In this episode, Josh, Dan and I discussed investing for grad students, postdocs, and PhDs in their first Real Jobs. Check out my articles on this subject and sign up for my free 7-day email course!
- Why You Should Invest during Grad School
- Whether You Save during Grad School Can Have a $1,000,000 Effect on Your Retirement
- Are You Ready to Invest Your Grad Student Stipend?
- Everything You Need to Know about Roth IRAs in Graduate School
- Why the Roth IRA is the Idea Long-Term Savings Vehicle for a Grad Student
- Fellowship Recipients Can Save for Retirement Outside an IRA
- Why You Should Contribute to Last Year’s Roth IRA
Free 10,000+ Word Email Course on Investing for Early-Career PhDs
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It’s tax season again! Sign up below for my free tax webinar for grad students and postdocs or download the tax “cheat sheet” for grad students.
Free Tax Webinar for Grad Students and Postdocs
Emily Roberts presented a tax webinar for funded grad students and postdocs (US domestic) on March 9, 2018.
Register for the webinar to receive a replay!
Download Your Tax "Cheat Sheet"
Essential information to help funded US domestic graduate students with their federal tax returns
Episode 68: Targeted Savings Accounts for Irregular Expenses
Targeted Savings Accounts
Would you like to receive a worksheet to help you brainstorm your irregular expenses? Scroll down to sign up!
15:46 Interview introduction.
17:20 Interview begins.
17:48 Training is your real life, too. Why graduate school is an optimal time to take control of your finances.
19:08 Emily’s background.
19:55 What are irregular expenses? Why do we need to pay special attention to them?
22:06 How should we deal with irregular expenses? Use a system of targeted savings accounts. Personal example from Emily’s life to illustrate how the system works.
24:25 Two methods for building up the system.
26:49 Practical steps to start using the system. Multiple accounts vs. one account. Automated transfers.
28:33 How did using targeted savings change behavior?
31:01 What if you want to use more money for targeted savings than you have available in your budget?
34:02 How easy is it to find a bank that will let you open multiple savings accounts?
35:47 Targeted savings vs. emergency fund.
37:26 Interview concludes. Discussion of targeted savings between Josh and Dan.
Further reading on targeted savings accounts:
- Targeted Savings Accounts for Irregular Expenses
- Weather Irregular Expenses on Your Grad Student Stipend with Targeted Savings Accounts (a Personal Finance for PhDs Guide)
- Many blog posts on my use of targeted savings accounts during graduate school on Evolving Personal Finance.
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The one-page worksheet guides you in brainstorming and categorizing your irregular expenses, including three questions to ask yourself and a list of common irregular expense categories.
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