4 Simple College Planning Tips for Doctors With Kids
College planning is challenging, and it’s no secret that it can be pricey. It may seem overwhelming, but by developing a strategy early, you’ll be ready to send your kids off with confidence. Let’s take a look at college planning ideas for doctors with kids.
Are Annuities A Good Long-Term Investment For Physicians?
You likely can’t find a more hotly debated topic in the financial space than annuities. Annuities garner a whole host of negative press, but are they really that bad, or could they be a good complement to your long-term investment plan? Let’s take a closer look at what an annuity entails. What’s An Annuity? An […]
What’s A Revocable Trust and Should Doctors Have One?
Many physicians benefit from sophisticated asset protection, and estate planning is an essential part of that conversation. An estate plan helps protect and preserve your assets after you pass and works to provide a smooth financial transition for family and loved ones. How can doctors create an intentional estate plan that aligns with their goals? […]
Where Does Private Investing Fit Into A Doctor’s Investment Plan?
Should private equity have a place in your portfolio? Maybe. Private investing carries different types of risk that are important to consider, but it can also be a lucrative avenue for expanding your portfolio. Private investment funds, like hedge funds and private equity, aren’t available to the general public. Let’s take a closer look at […]
What’s The Best Structure For A Doctor’s Disability Insurance Coverage?
Insurance and risk management aren’t often at the top of doctor’s massive to-do lists. It’s not as alluring as investments or as inspirational as goal-setting, but it is the backbone to protect your funding toward those future endeavors. Doctors tend to have a significant amount of income to protect, and one especially critical area is […]
The Ins and Outs of Cash Flow Planning for New To Practice Doctors
No matter where you are in your career, cash flow planning can be an overwhelming process—especially if you’re trying to take it on alone. New doctors will quickly figure out that cash flow planning is much more than budgeting. It incorporates everything from your taxes, household expenses, insurance, debt, and your short and long-term goals. […]
Feeling COVID Burnout? 4 Tips for Physicians Who Want To Retire Early
It’s no surprise that the global pandemic has made its mark in the medical space. For many physicians, the demand, stress, and hectic work environment have led to intense burnout. A study by the MGMA found that COVID-19 caused 45% of early retirements for doctors. Have you been having thoughts about retiring early? Here are […]
Do Bonds Still Make Sense for Doctors? (And 4 Alternative Options)
When it comes to investing, stocks often get the attention, but there is another type of asset class that may work well for your portfolio: bonds. Bonds tend to be more elusive than stocks because they often stay out of the headlines unless there’s a big swell or drop in interest rates. The current interest […]
5 Tax Planning Opportunities for Doctors Based On The President’s New Proposals
President Biden’s vision for revitalizing the country has been met with a flurry of news headlines. Phase 1, the American Rescue Plan, was signed into law this past March. The $1.9 trillion plan came with direct payments, a boost to unemployment benefits, an expansion of popular tax credits like the child tax credit, among other […]
How COVID-19 May Have Changed Your Money Forever
From lockdowns to market volatility, COVID-19 has led many people to a financial awakening. Not only has the pandemic had a potential effect on your personal life, but also likely the way you spend and approach your money, too. Given the specific way COVID-19 impacted you and your loved ones, you may have experienced a […]
