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Visit our BlogPhysician Tax Planning and Investment Vehicles
It is important for new physicians to understand the structures and tax-advantages of different employer-offered retirement plans. When you sign the employment contract for your first attending position, your financial situation can transform dramatically overnight. Along with a large raise, you can expect a considerable increase to your tax burden. To evaluate an employer’s retirement … Read more
Read The ArticleBeginner’s Guide to Physician Tax Planning
For new doctors, the transition from medical resident to attending physician often brings a nearly four-fold salary increase. This pay hike can come as a great relief for a young physician. However it also raises new questions about taxes, investments, and long-term savings. To plan for their increased tax burden, doctors should consult with a … Read more
Read The Article5 Tax Planning Strategies for Physicians
Compared to professionals in other industries, physicians rank among some of the highest-paid individuals in the United States. And, as all American workers know, the more you earn, the more you pay in income taxes. The 2020 tax season is quickly approaching. If you haven’t already started planning how you’re going to file your fiscal … Read more
Read The ArticleFinancial Planning and Taxes Request
Read The ArticleTax Efficient Planning
Why Choose A Tax Efficient Plan? The primary disadvantage of being highly compensated is the extra income tax burden. Along with this comes the pressure of finding the right tax professional. Strong financial plans should include strategies designed to minimize your tax liability and make sure you are not making any mistakes with your tax … Read more
Read The ArticleUnderstanding Capital Gains Tax on House Sales in the US
Many physicians invest in real estate as part of their financial strategy, whether it’s purchasing a primary residence close to work or acquiring rental properties for additional income. However, when selling off these properties, many overlook an important financial obligation: capital gains tax (CGT). Without proper planning, a huge portion of your hard-earned gains from … Read more
Read The ArticleFinancial Planning [Hub]
Easily Measure and Assess Your Financial Health Physicians Thrive uses a financial planning system called Elements® to collect your financial information and measure the key indications for your financial wellness over time. The Elements Financial Planning System™ gives us a real-time scorecard of your financial situation, so we can continually monitor your progress and provide … Read more
Read The ArticleA Physician’s Guide to Property Tax Deduction In 2025
Key Takeaways One of the tax benefits of owning a home is a property tax deduction, which allows physicians to save more money yearly. However, many doctors don’t know how to tap into their property taxes to reduce their local taxes. If you’re a first-time homeowner or a physician who would like to maximize your property … Read more
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