Why Doctors Should Consider Real Estate Investing

Why doctors should consider real estate investing

According to the Bureau of Labor Statistics, physicians in the U.S. earn an average of $208,000 per year. And while this is significantly higher than most people in other professions, a $208k salary alone won’t necessarily make you “rich.” If you want to build wealth on a physician’s salary, you’ll need to know where and […]

Beginner’s Guide to Physician Tax Planning

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Beginner’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 […]

High Salary Specialties: Cardiologist Salary

Cardiologist salaries

The heart is a very complex and essential organ in the body. As a cardiologist, your role in keeping that organ functioning properly earns you one of the highest salaries in the medical field. Within the cardiology specialty, there is a wide range in the amount of money physicians can make. Most of this is […]

What Physicians Should Know About 457 b Deferred Compensation Plans

What Physicians Should Know About 457 b Deferred Compensation Plans

You’re never too young to invest in a sound retirement plan. Most physicians are around 30 by the time they finish training and start practicing medicine. Getting that later start makes it crucial that you start saving for retirement early on in your career. But with so many investment options and retirement plans to choose […]

3 Ways to Avoid Taxes on Life Insurance Benefits

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3 Ways to Avoid Taxes on Life Insurance Benefits Veronica Baxter | Boonswang Law Firm As a general rule, proceeds from a life insurance policy are not taxed as income to the recipient. Whether the proceeds take the form of death benefits or Accidental Death & Dismemberment (AD&D) benefits to the insured, those proceeds are […]

The Complete Guide to Physician Retirement Planning

Physicians discussing retirement planning

  If you want to enjoy your retirement years, you’ll need to have a savings plan in place. Because doctors are some of the highest-earning Americans, most new physicians assume that saving is easy. However, that’s not necessarily the case. Unless you establish a solid retirement plan, you might not have enough to support yourself […]

Alternative Tax Free Income for Physicians

Risk Management

Alternative Tax Free Income for Physicians When is the right time to use a life insurance contract as part of your financial plan   Cash-value universal life insurance contracts are an often overlooked investment vehicle that can offer physicians tax-efficient, low-risk wealth accumulation. As you weigh the value of a life insurance contract in comparison […]

How Disability Benefits Affect Physician Tax Planning

How Disability Benefits Affect Physician Tax Planning

How Disability Benefits Affect Physician Tax Planning Do you know how taxes could impact the value of your disability benefits? Learn about the best disability insurance for physician financial planning: When you’re considering a long-term tax plan, you have to consider the good years, bad years, and any unexpected interruptions to your earning track. One […]