What does the SECURE Act mean for physicians?

June 27, 2024January 21, 2020 by Justin Nabity

The new year is bringing major tax changes for some physicians, as the Setting Up Every Community for Retirement Enhancement (SECURE) Act takes effect. For instance, they passed the SECURE Act into law in December 2019 as part of the new government spending package, and it contains legislation intended to make retirement planning more accessible, … Read more

5 Tax Planning Strategies for Physicians

January 3, 2020 by Justin Nabity

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 2020 tax returns, the time to start is right now. By putting the right strategies in place, you can reduce your tax burden and devise a sound financial plan for retirement.

Ready to learn how?

From diversifying investments to reducing taxable income, here are the five tax planning strategies every physician needs to know.

Global Indices Rally As U.S. And China Agree To Phase One Trade Deal

July 9, 2025December 17, 2019 by Justin Nabity

U.S. markets finished up for the week, leading to fresh all time highs in the S&P 500. The technology sector took the lead, finishing ahead of consumer discretionary and financials to round out the strongest positive sectors. Markets breathed a cautious sigh of relief as the first news of an agreed upon “phase one” trade … Read more

A Medical Resident’s Guide to Mortgage Rates

September 28, 2023December 2, 2019 by Justin Nabity

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Physician mortgages are loans designed to make homeownership possible even for new doctors and medical residents. Most doctors make serious financial sacrifices for their career path, including taking on an average of $190,000 in student debt and forgoing a full salary in their early adult life. Typically, this financial situation (high debt, little savings, short … Read more

What is a Residual Disability Insurance Rider?

October 14, 2026October 28, 2019 by Justin Nabity

Physician’s insurance can have complications.

Just when you think you understand what disability insurance is all about, you learn that’s there’s yet another curveball: optional riders. While most policies may seem straightforward, there are almost always optional add-ons that can provide you with even more benefits.

Today we’re focusing on disability insurance and the residual disability insurance rider.
What it is, why you need it, and what it covers.

Keep reading for our full guide to the residual disability insurance rider.

How Moving Can Help Physicians Pay Off Medical Student Loans

May 7, 2026October 17, 2019 by Justin Nabity

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The Association of American Medical Colleges puts the Class of 2025’s average medical student loans at $223,130, premed loans included. That’s up 5% over last year. With Direct Unsubsidized rates at 7.94% for grad borrowers in 2025-2026 and Grad PLUS at 8.94%, a balance like that quietly snowballs all through residency unless somebody is chipping … Read more

How To Avoid Common Physician Tax Errors

June 20, 2023October 9, 2019 by Justin Nabity

While it’s true that most doctors are relatively high-earners, physicians also face unique financial obligations. Which makes it essential to avoid any mistakes when it comes to taxes. By avoiding a few common tax errors, doctors can keep more of their earnings to put towards financial goals. Such as paying back loans, saving up for … Read more

Momentum Continues During Holiday-Shortened Week

July 9, 2025September 9, 2019 by Justin Nabity

Stocks finished the holiday-shortened week higher on continued trade optimism. The largest gains came on Wednesday and Thursday following news that US and Chinese officials confirmed plans to meet in early October. This was a relief to many as recent tariff announcements signaled talks might be canceled indefinitely. While consumers have supported a growing economy, … Read more

Your Comprehensive Review of the ADP 401k

September 6, 2019 by Justin Nabity

As a physician operating a small practice, it’s important to provide your employees with the benefits they deserve. One of the most desirable benefits is a sound retirement plan.

The ADP 401k plan is a well-known option, in part because it’s one of the largest providers offered by a national leader in payroll and retirement services.

But is it the right plan for you?

Perhaps you’re ready to create a new retirement plan for your employees. Maybe you’re looking to change from the plan you currently have.

ADP retirement services are an option worth considering, yet they certainly get mixed reviews.

Today we’re taking a hard look at the ADP 401k plan.

Keep reading to learn everything you need to know before deciding if the ADP 401k plan is right for your practice and employees.

How to Manage Student Loans During Residency

July 29, 2019 by Justin Nabity

Attack Student Loans During Residency For doctors who are finishing their residencies and beginning their practices, there is often no greater stressor than looming loan repayments. The average physician finishes medical school with more than $190,000 in debt. And the prospect of beginning loan repayment while earning a resident’s salary is daunting for young doctors. … Read more

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