Time or Money-Weighted Returns, Is One Better Than The Other?
When you look at your investments, you’re likely only seeing if you made or lost money. That high-level snapshot isn’t comprehensive enough to determine how well your assets are really doing, if you’re on track, if you need to make changes, etc. Is there a more accurate way to depict your portfolio’s performance long-term? Yes! […]
How Medical Practice Owners Can Creatively Save for Their Kid’s College
Owning a business means you may have creative ways to help save for your kids’ education. With the average cost of tuition tipping $35,000 per year, saving early and consistently is the best way to meet your future goals. Let’s look at how medical practice owners can start saving for their children’s college expenses. Save […]
How To Adopt An Abundance Money Mindset (and Why It Can Change Your Life)
Your unique views on money directly influence how you use it, and your mindset toward money can drastically impact your financial wellbeing. Your money mindset affects your decisions and helps you write your financial story. Here’s why your money mindset matters and how to adopt a positive abundance mindset. What’s A Money Mindset? A money […]
6 Questions Doctors Should Ask Before Hiring An Advisor
Hiring a financial advisor can feel overwhelming. Deciding who to consult and trust with your financial well-being is a big deal! On top of the enormity of sharing your finances with someone else, doctors have unique financial needs that require a certain level of expertise, so you should work with a team that specializes in […]
The Top Disability Insurance Considerations for Women Physicians
Suitable disability insurance is critical for all physicians, but there are additional factors women physicians should understand. From high premiums to gender-specific exclusions, women physicians are put in a unique position when it comes to protecting their income. Here’s why long-term disability insurance is different for women and what you can do to prepare. A […]
3 Things Doctors Should Know About the PSLF Program Updates
It’s no secret that doctors can have a hefty amount of student debt. And a viable option for many physicians in the public/nonprofit sector is Public Service Loan Forgiveness to help get their loans off their balance sheets. But the PSLF program hasn’t garnered the best reputation over the years. It’s been riddled with errors […]
How Tax Prep and Tax Planning Impact Physicians’ Money (And Why Each Matter)
Taxes don’t just begin and end in April—financial planners and advisors help physicians consider their tax strategy all year long. Creating an efficient tax strategy can help reduce your tax burden and reach your financial goals. A robust tax plan includes two fundamental processes, Tax preparation, and Tax planning. Let’s take a look at the […]
The Physician’s Guide To Buying Your First House
Are you in the market for a new home? Join the club. The housing market is still roaring strong, and as the spring rapidly approaches, there will be more open houses, for sale signs, and realtor calls than you know what to do with. Feeling overwhelmed? For physicians buying their first homes, you’re in luck! […]
Should Doctors Open Roth IRAs for Their Kids?
Many doctors prioritize their financial health and seek to pass that trait onto their children. Plus, given the current state of financial literacy in the U.S., most education about money and personal finance falls on parents or caretakers. And one of the most important financial concepts to teach is the art of compounding interest—something you […]
Four Top Options Physicians Can Consider For Childcare (And What They Cost)
COVID-19 has wreaked havoc on nearly every aspect of physicians’ lives—jobs, relationships, personal fulfillment—and now, childcare. Procuring quality, affordable childcare has only become more challenging for families throughout the pandemic. In fact, the annual Care.com Cost of Care Survey unearthed that 85% of parents reported spending 10% or more of their household income on childcare […]
