“I can’t afford to pay for one.”
“My net worth isn’t high enough.”
“I don’t have any extra money to save.”
“I’ll do it next year.”
5 Hidden Taxes Physicians Unknowingly Pay
In 2014, there were approximately 123 million households in the US. This means that for every one household, the government collected over $49,000 in total taxes. I don’t know about you, but that’s WAY more than I expected. As a naturally curious person, I wanted to know more.
Using Financial Failures To Move Forward
What if failures improved your chance of success? Everybody makes mistakes – this much is true. But are you failing forward after your mistakes? There’s a great book by John Maxwell called Failing Forward. Maxwell…
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How To Minimize Family Drama With an Inheritance
We all know someone that’s on bad terms with a sibling or family. They may exchange an uncomfortable hello when paths cross… it’s noticeably awkward for everyone involved… and sad for everyone around to see…
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Why Doctors Aren’t Allowed To Sell Prescriptions
Everybody knows the doctor’s role. They provide medical advice and services to patients. Patients pay doctors either directly or through insurance based upon the services provided. The drug rep plays a different role. They sell…
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Financial Advice For Physicians Making Big Decisions: Start With “No”
But it’s SO easy to say YES! Yes, I’ll buy the new, big house. Sure, I’ll pay for my kid’s extra activities. Okay, I’ll also buy the new car. Fine, I’ll invest in your startup….
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The Financial Advisor’s Struggle To Act In The Client’s Best Interest
Ted the advisor is a great guy. He is passionate about taking care of his clients. The only thing he is more passionate about is taking care of his family. Like most advisors, he works…
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5 Reasons Forbearance Is A Terrible Idea During Medical Residency And Fellowship
How Employers Penalize Ambitious 401k & 403b Savers
Normally, companies reward ambitious and productive employees. After all, these employees make their employers lots of money. In this case, though, it’s the reverse. Many “on the ball” retirement plan savers are being penalized by…
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How Physicians Should Prioritize Different Retirement Plans
Pulling Back The Curtain On Target Date Retirement Funds
Chances are you’ve heard of Target Date Retirement Funds (TDRF) by now – they have blown up in popularity and size over the last several years. According to Morningstar research, TDRF funds: Have more than…
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Comparing Term Life Insurance Strategies For Physicians
The most common type of term life insurance among physicians is level term. Often, it’s purchased and forgotten about. But is this the best strategy? In this post, we will compare several different strategies physicians…
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