How to Leverage Your Side Income as an Employed Physician
While many employed physicians earn side income from things like moonlighting, consulting, speaking, and writing, few are aware of the ...
How to Reduce Financial Stress as a Physician
There’s no shortage of items that add stress to your life as a physician. From concerns about your patients to ...
5 Unique Challenges of Managing Your Finances as a Physician
When it comes to personal finance, physicians are unique. On one hand, the average physician has a much higher income ...
When Is the Right Time to Invest in the Stock Market?
When you have money available to invest, it’s human nature to want to pick the “right” time to invest it ...
How the CARES Act Impacts Student Loan Planning for Physicians
The recently passed CARES Act was a key piece of legislation that included many important items. While stimulus checks for ...
This Is Why Stocks Have Higher Returns Than Bonds
With the dramatic movement in the stock market recently, some of you may be asking yourselves “Why would I ever ...
How to Create a Retirement “Paycheck”
One of the biggest adjustments when retiring is giving up the steady paycheck that comes from your employer. In retirement, ...
3 Things All Physicians Should Track With Their Finances
“What gets measured, gets managed.” This quote, attributed to management consultant Peter Drucker, is a well-known refrain in the business ...
SECURE Act – a New Opportunity to Save Taxes While Repaying Your Student Loans
At the end of 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. As ...
How to Have a Million Dollar Portfolio by Age 45 as an Academic Physician
There’s a saying we love when it comes to the process of improvement (in any area of life), and that ...
Four Common Mistakes Investors Make When Reviewing Their Performance
Discussing investment performance with friends, colleagues, or neighbors is a lot like the world of social media. Similar to social ...
The 5 Most Important Questions to Answer Before You Retire
“Thirty seconds, two hours, four days, and twenty-five years.” A friend of ours who is on the verge of retiring ...
The Most Important Questions to ask a Financial Advisor
Hiring a financial advisor can be a smart move, from both a financial perspective (optimizing your financial life and building ...
Liability, Malpractice, and P&C Insurance – Protect Yourself and Your Possessions
In our introductory post on insurance, we explained that the purpose of insurance is to protect against risks and we ...
How to Save Taxes in Retirement
In our previous post, we discussed opportunities to save taxes as an attending physician, primarily by saving money to accounts ...
How to Save Taxes as an Attending Physician
In our previous post, we discussed tax planning opportunities while in training. These opportunities were focused around capitalizing on your ...
How to Save Taxes in Residency or Fellowship
As Ben Franklin famously said, “In this world nothing can be said to be certain, except death and taxes.” Although ...
The Market Keeps Going Up – Now What?
In late December of 2018, the S&P 500 had declined approximately 20% from its September high, people were panicking about ...
The 6-Step Guide to Receiving Public Service Loan Forgiveness
For most young physicians, student loan strategy is the single most important item in their financial plan. Fortunately, the Public ...
8 Things to Do as a Physician During Your First Year out of Training
Financial planning tends to change when life changes. For physicians, few life transitions bring as much change as starting your ...