5 Tax Reduction Strategies Medical Practice Owners Can Consider
Taxes are one of the most universal aspects of finances—at some point, everyone has to pay them, but not everyone pays taxes in the same way. There are different strategies to consider, especially for medical practice owners. You don’t have to be an expert to try to take control of your tax situation, though it’s […]
Insurance Mini-Series: When Can I Drop My Insurance?
For seasoned doctors, it’s important to be vigilant and intentional about the coverage you need and cancel the policies you don’t. Saving on premiums can boost your investments and cash flow and open the doors to other opportunities. Now that doesn’t mean you should ditch all of your policies to the curb, but there are […]
Insurance Mini-Series: A New Doctor’s Guide To Insurance
You’ve made it through med school and are knee-deep in residency — what comes next? Asset protection. You may be laughing to yourself thinking that asset protection is for the wealthy and all you have to show for your medical education right now is a pile of student debt, but remember a young doctor’s greatest […]
Should Doctors Save More or Work Longer?
Like everyone else, physicians often wonder whether or not their retirement is on track. It’s all about building a strong foundation from the beginning — and there’s no time like the present to prepare for your future. When it comes to working toward retirement, we’re often asked, is working longer or saving more better? The […]
What Does A Physician’s Budget Look Like?
Do high earners need a budget? The short answer—yes. The need for a budget doesn’t hinge on your pay stub. Instead, it’s about taking control of your finances and making every dollar work for you. Here are our tips for physicians to build a budget that works. Stop Budgeting and Start Cash-Flow Planning An effective […]
3 Ways Doctors Can Better Manage Their Debt
No matter which way you spin it—most physicians graduate with a significant amount of debt. Creating a plan to repay that debt should bring added freedom and flexibility to your life. The road to debt repayment may be a long one, but it doesn’t have to be out of reach. From consolidation suggestions to loan […]
5 Keys That Can Make or Break Your Money As A New Doctor
New doctors have a lot on their plates, from landing a killer first job to building a new routine to starting to repay the mountain of student debt on their shoulders. The first few years after residency or fellowship can set the tone for your financial future, and we want to help you make the […]
Why Fear Can Harm Your Finances (And How To Overcome It)
Fight or flight? As physicians, you’ve likely been grappling with this response for months, and it illuminates the powerful role emotions play in finances. While emotions play a positive role in curating your values, goals, and aspirations, they can also lead you to make choices that don’t align with your plan, especially when done out […]
3 Simple Ways To Strengthen Your Relationship With Money
Too often money is considered the end-all-be-all as if it’s the centerpiece of life and sole barometer of success. Many doctors live to work and spend all of their time chasing and making money that they forget to live their lives. We want to help physicians write a different story. Money is an incredible tool […]
How To Make The Best Tax Choices (Even Now)
Elections bring about a lot of uncertainty, and this one is no different. Right now, the big question for high-income physicians is, how will the election results impact my taxes? With Joe Biden winning the presidential race, we can likely expect some tax changes over the next couple of years. It’s important to remember that […]
