Backdoor Roth IRAs for Physicians
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.
-
-
What Secure Act 2.0 Means for Doctors
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.
-
Student Loan Changes in the Biden Administration
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,…
-
Everything You Need To Know When Hiring a Nanny
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.
-
Physician Home Buying Guidelines
As a new physician, you’ve sacrificed years watching friends buy new cars and first homes, while you’ve spent an extra four years in medical school with no income. You followed that up with three to nine years of residency and fellowships at depressingly low-income levels. It’s no wonder then, when you finally get your new…
-
How to Easily Monitor Your Credit
Why You Should Monitor Your Credit There are many reasons to stay on top of your credit. The most obvious reason is to identify if someone has illegally accessed one of your accounts or possibly even stolen your identity. You should assume that your personal information is readily available to criminals. Even the credit bureaus…
