What’s Our “Values Meeting” and Why It’s Important For Your Money
At Vestia, we’re passionate about helping you build wealth and prioritize living a life you love. An excellent way to create a comprehensive financial plan to fit your needs is to keep your values at the center. That’s why an in-depth values meeting is an essential component of our strategy sessions. What can you expect […]
3 Generous Giving Strategies for Charitably-Inclined Physicians
Giving can be a significant part of your financial plan. While the primary goal for donating is to support the causes you’re passionate about, it’s also wise to go about it in a financially-friendly manner. Here are some ways that physicians can get in the spirit of giving and potentially reduce their tax burden along […]
The 3 Tax Buckets Physicians Need To Understand About Investing
There are several reasons why physicians invest—one is likely to build wealth and secure a comfortable retirement. But one important question mark is how that money will be taxed in retirement. In general, there are three tax buckets physicians should be aware of while investing. Let’s dive deeper into each and determine if there’s one […]
Can Realizing Capital Gains Push You Into A Higher Tax Bracket?
Can realizing capital gains push you into a higher tax bracket? Let’s dive a bit deeper into this topic to determine how capital gains may affect your tax situation.
5 Steps For Physicians To Build A Maternity Leave Plan That Works
Maternity leave planning for women physicians is important work. Women bring immense value to medicine (and every field for that matter), and they deserve a financial team in their corner helping them navigate the complex issues concerning maternity leave planning. A Vestia, we’re dedicated to helping our women physicians shine, equipping them with the support […]
What’s A Revocable Trust and Should Doctors Have One?
Many physicians benefit from sophisticated asset protection, and estate planning is an essential part of that conversation. An estate plan helps protect and preserve your assets after you pass and works to provide a smooth financial transition for family and loved ones. How can doctors create an intentional estate plan that aligns with their goals? […]
What’s The Best Structure For A Doctor’s Disability Insurance Coverage?
Insurance and risk management aren’t often at the top of doctor’s massive to-do lists. It’s not as alluring as investments or as inspirational as goal-setting, but it is the backbone to protect your funding toward those future endeavors. Doctors tend to have a significant amount of income to protect, and one especially critical area is […]
The Ins and Outs of Cash Flow Planning for New To Practice Doctors
No matter where you are in your career, cash flow planning can be an overwhelming process—especially if you’re trying to take it on alone. New doctors will quickly figure out that cash flow planning is much more than budgeting. It incorporates everything from your taxes, household expenses, insurance, debt, and your short and long-term goals. […]
Feeling COVID Burnout? 4 Tips for Physicians Who Want To Retire Early
It’s no surprise that the global pandemic has made its mark in the medical space. For many physicians, the demand, stress, and hectic work environment have led to intense burnout. A study by the MGMA found that COVID-19 caused 45% of early retirements for doctors. Have you been having thoughts about retiring early? Here are […]
5 Tax Planning Opportunities for Doctors Based On The President’s New Proposals
President Biden’s vision for revitalizing the country has been met with a flurry of news headlines. Phase 1, the American Rescue Plan, was signed into law this past March. The $1.9 trillion plan came with direct payments, a boost to unemployment benefits, an expansion of popular tax credits like the child tax credit, among other […]
