3 Creative Applications of a 401k Rollover
There are several benefits to going through a 401k rollover process – some of which can even save you money in the long-run! Let’s dive into three options and why it could make sense for doctors to initiate a rollover. When You Might Consider a 401k Rollover There are a few times that a 401k […]
Understanding The Wage Gap For Women Physicians, And What We Can Do About It
We’re continuing our Women’s History month celebrations with new content, just for women physicians. Today, we’re tackling the topic of the gender wealth gap. The gender wealth gap prevails in many trades; unfortunately, the medical industry isn’t immune. The good news? With the right strategies and team behind them, women physicians should be able to […]
What Type Of Retirement Plan Is Best For Your Orthopedic Practice?
You’ve decided to open your orthopedic practice—Congratulations! While building your patient base, hiring the right people, and practicing what you love, we believe keeping an eye on your (and your employee’s) future is essential. One potential way to do that is with the right retirement plan. Today we’ll review several popular retirement plan options and […]
Here’s What Physicians Should Consider Before Signing a Non-Compete Agreement in 2023
We believe physician contract negotiation is an essential step in your employment journey, but it can be overwhelming. You may notice non-solicitation or confidentiality agreements in the employment process, generally one of the most overlooked elements is a non-compete clause. Whether you’re about to sign your first contract or are considering a new position, physicians […]
What Should Doctors Do With Their Money Before Year End?
It feels great to check things off your list—but what should be on your year-end money list as a physician? Let’s look at the top money moves we believe physicians should consider before ringing in the new year.
5 Ways Women Physicians Can Plan For Longevity In Retirement
Women live about 5 years longer than their male counterparts, on average. This longevity gap means that women may need to pay extra attention to how they’re saving for retirement, so they have enough to feel financially secure and confident in their golden years. While you don’t know how long you’ll live, it can be […]
How Doctors Can Start Taking Advantage Of Their HSAs Today
A Health savings account (HSA) can be a powerful tool for long-term health savings and can even help you save for medical costs in retirement, which may come in handy down the line. A Fidelity study found that a 65-year-old couple retiring in 2022 would spend about $315,000 (after-tax dollars) on medical costs alone. An […]
How Medical Practice Owners Can Creatively Save for Their Kid’s College
Owning a business means you may have creative ways to help save for your kids’ education. With the average cost of tuition tipping $35,000 per year, saving early and consistently is the best way to meet your future goals. Let’s look at how medical practice owners can start saving for their children’s college expenses. Save […]
Time or Money-Weighted Returns, Is One Better Than The Other?
When you look at your investments, you’re likely only seeing if you made or lost money. That high-level snapshot isn’t comprehensive enough to determine how well your assets are really doing, if you’re on track, if you need to make changes, etc. Is there a more accurate way to depict your portfolio’s performance long-term? Yes! […]
5 Ways Doctors Can Invest In Real Estate
Investing in real estate can be a smart money move for physicians if it fits into their financial goals. The “best” way for doctors to invest depends on how much time and money they’re looking to invest. Here are 5 smart ways we believe that physicians can start investing in real estate. 1. Invest In […]
