Guide: Financial Planning for Physicians in 2023
Financial planning is a critical aspect of the success and stability of any physician’s career and personal life. As a physician in 2023, you face unique challenges and opportunities that require careful consideration and strategic decision-making when it comes to managing your finances. Medical professionals including dentists and Ophthalmologists, often have a complex financial landscape […]
Guide to Physician Loans
Physician loans, also known as doctor loans or physician mortgage loans, are specialized loan programs designed to meet the unique financial needs of medical professionals. Including but not limited to veterinarians, dentists, DMDs, DDs and other medical doctors. This guide provides an overview of physician loans, including their benefits, eligibility criteria, features, and considerations. Understanding […]
Guide To Buying into A Medical Practice
The medical practice buy-in process involves a physician or group of physicians joining an existing group practice as partners or shareholders. Here’s a quick summary of the typical steps involved: It’s important to note that the specific steps and timelines can vary depending on the circumstances, the size of the practice, and the agreements reached […]
How To Pay Off Medical School Loan Debt Quickly
Medical school debt can be a significant financial burden for physicians. The cost of medical school is often high, and many medical students graduate with significant debt. This debt can limit financial flexibility and impact an individual’s ability to achieve financial goals such as buying a home, starting a family, or saving for retirement. One […]
Here’s How Much Money Pediatricians Earn in 2023
A pediatrician is a medical doctor who specializes in the healthcare of infants, children, and adolescents, typically up to the age of 18. They are responsible for providing medical care to children, including preventive care, diagnosing and treating illnesses, and managing chronic medical conditions. Pediatricians perform routine checkups to ensure children are developing properly and […]
How to Protect Your Retirement From Lawsuits
Are IRAs protected from lawsuits? What is an IRA, and how does it relate to retirement plans An IRA, or individual retirement account, is a type of retirement savings account that individuals can set up and fund independently. IRAs are a popular option for those who don’t have access to employer-sponsored retirement plans such as […]
Tax-Loss Harvesting – How to Take Advantage of Market Downturns?
Economic downturns can quickly cause losses to your precious investments. The current downfall due to coronavirus has reached every financial market so far. There can hardly be any positive outcomes from the economic turmoil for investors. However, you can use the tax-loss harvesting strategy to minimize your losses. The Tax-loss harvesting strategy is primarily used […]