If you’re a high-income physician who includes fixed income in your portfolio allocation, one of the more confusing questions you’ll face is whether to hold taxable bonds or tax-free municipal bonds. The answer matters more than most people realize — getting it wrong can quietly cost you thousands of dollars in unnecessary taxes, or worse,…
For practicing physicians, the decision to refinance a mortgage is rarely about “making ends meet.” With a high household income, the monthly mortgage payment is typically manageable. Instead, the real question is one of using time and money efficiently: Is the financial gain of a new loan worth the offsetting costs?
As a physician, you may find yourself ineligible for Roth IRAs due to income limits. But there’s a solution tailored just for you: the Backdoor Roth IRA.
New retirement rules recently became law with Secure Act 2.0 as part of the 2023 federal budget. The new rules change how doctors can save for retirement, including more Roth options, new penalty exceptions, and later Required Minimum Distributions.
PLEASE NOTE: This post has not yet been updated for the most recent changes to student loans during the Biden Administration. The Biden Administration has made key changes to student loan payments, servicers, and forgiveness opportunities. Doctors may need to take action to receive student loan forgiveness under the new rules, revisit consolidation or refinancing,…
Whether you are a dual doc family, a doc with another professional, or a single doc with children, child care is one of the most significant and essential expenses you’ll need to address.