Tips to Reduce Risks In Case of Recession

November 18, 2024July 27, 2023 by Justin Nabity

For the first half of 2023, market analysts waffled back and forth. The question was everywhere: are we headed for a recession? Many indicators certainly pointed in that direction: inflation remained stubbornly high, the yield curve has been inverted for over a year, and steep mortgage rates and high housing costs forced many first-time home … Read more

Frandsen Bank & Trust: A Trusted Institution for Banking and Trust Services

November 18, 2024July 19, 2023 by Justin Nabity

doctor using a stethoscope to check the piggy bank financial check-up concept check financial sustainability of financial status at frandsen

Frandsen Bank & Trust is a reputable financial institution that has been serving customers since its inception. Founded with a commitment to providing exceptional banking and trust services, Frandsen Bank & Trust has become a trusted name in the industry. This article delves into the bank’s history, locations, strengths, weaknesses, services offered, including physician mortgages, … Read more

Provider Review: A Physician’s Guide to Northpointe Bank & Mortgage Services

April 3, 2025June 30, 2023 by Justin Nabity

physician saving money with northpointe bank

Physicians, as highly trained professionals, are dedicated to the well-being of their patients. However, it’s equally important for them to focus on their own financial health. The demanding nature of their profession, the burden of student loans, and the complex tax situations they face necessitate a tailored approach to financial planning. With long hours, student … Read more

How to Navigate Buying a Home in the Current Market

November 18, 2024June 8, 2023 by Justin Nabity

You’ve been saving your money and building your credit. You are ready to buy a home. As inflation rates rise, questions about the housing market are important considerations. When you combine pandemic-related market issues with the challenges of getting supplies, it can be difficult to navigate the home buying process. The good news is the … Read more

Secure Act 2.0

November 18, 2024May 23, 2023 by Justin Nabity

The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 was signed into law late in December 2022. SECURE Act 2.0 builds on the original passed in 2019, and it introduces dozens of provisions intended to improve retirement outcomes while also battling inflation. Here are several of the most important measures that could impact … Read more

How to Choose a Fiduciary or Financial Advisor for Physicians

November 18, 2024October 18, 2022 by Justin Nabity

physicians-need-fiduciary-financial-advisor

Financial advisors specializing in serving doctors, such as Physicians Thrive in Omaha, will understand their clients’ unique careers and issues. These trusted partners can provide training and experience to help physicians avoid financial pitfalls, plan for the unexpected, and make the most of their income and assets. Meanwhile, doctors can focus on their primary goal … Read more

Provider Review: NEO Home Loans

November 18, 2024October 7, 2022 by Justin Nabity

For many doctors, obtaining a mortgage loan can be challenging. This may be especially true for those working as a fellow or resident with an unproven financial history and significant student loan debt. NEO Home Loans offers mortgage loans designed to fit the unique needs of these borrowers. This provides a way for individuals to … Read more

What to Know About Home Loans During Residency or Fellowship

November 18, 2024August 12, 2022 by Justin Nabity

For physicians currently in residency or fellowship, the desire to buy a home can become overwhelming. There are many reasons why you may wish to do so, often just because buying a home often makes you feel as though you’ve reached a level of success. You’ve made it. While it is very important for individuals … Read more

Can Physicians Have Cool Cars and Houses and Still Retire Early?

August 11, 2023December 10, 2021 by Justin Nabity

Car doctor with stethoscope in a car showroom talking on the phone

Amongst people who don’t work in medicine, it’s a common misconception that all doctors drive expensive luxury cars and live in big, fancy houses.

But as a physician, you know that’s not always the case.

Perhaps you know a few physicians who are always driving the newest Cadillac or speeding off to their fabulous weekend vacation home in their brand new Benz. However, just as many physicians are perfectly content driving a Chevrolet, Mazda, or Subaru.

Some physicians choose to live modestly so they can save more money and retire early. Others prefer to splurge on cars, homes, and luxury items that lower-income earners only dream of.

So the question is this:

Can physicians have cool cars and houses and still retire early?

The good news is:

Yes, it is possible to find the happy medium between spending on luxury items and saving enough to retire before the age of 65.

How to Buy Into a Private Practice (Valuations and More)

June 3, 2025September 29, 2021 by Justin Nabity

physician-buy-in-physician-partnership-1

As a physician in primary care or specialty care, there may come a time when you decide to go into business for yourself. One option is to open your own private practice so you can tend to patients in any way that you see fit.

Another option is to partner with other like-minded physicians and open a brand new group practice.

But for the physician that isn’t prepared to handle the complexities of starting a brand new medical practice, there is another option:

Buying into a practice that already exists.

Considering buying into an existing medical group?

From determining the valuation of a practice to understanding the compensation model, here’s what you need to know before buying in as a new partner in a private practice.

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