Archive For: Tips

Education Planning for Your Children

Creating a college fund for children or grandchildren is a common financial goal among physicians. With a 529 plan, you can build up a nest egg for tuition, while also taking advantage of a variety of tax perks.  A 529 plan is a tax-advantaged account designated to save for education costs. Also known as “qualified ... Read More
 

Everything You Need to Know About Medical Peer Reviews

As a physician, you’ll have to undergo years of medical school and residency, the time-consuming processes of credentialing and privileging and, sometimes, the stressful process of a medical peer review. Most physicians are highly adept at navigating the many administrative, bureaucratic, and legal regulations that come with the job. Yet, for many physicians, the peer review process ... Read More
 

Steps to Get Licensed With the Arizona Medical Board

Congratulations on graduating from medical school and finally completing your postgraduate training. You’re well on your way to becoming a licensed doctor with the Arizona Medical Board. If the process plays out smoothly, you should have your license in-hand within a few months! Before that, though, you must undergo the lengthy application process to earn ... Read More
 

Steps to Get Licensed With the Texas Medical Board

Getting a license to practice in the state of Texas is more complicated than in many other states. The bureaucracy behind the procedure can be somewhat of a headache and tends to scare away the weary. Most states follow a relatively simple set of guidelines, but Texas has a two-step license process that involves lots ... Read More
 

A Physician’s Guide to Protection from Medical Liabilities

You joined the ranks of healthcare professionals to improve the lives of your patients. You would never do anything to put their health at risk. Unfortunately, there are times when your patients don’t agree. As a physician, you are at risk of malpractice suits from the moment you enter the health care system. These claims ... Read More
 

Physician Tax Planning and Investment Vehicles

It is essential 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 substantial raise, you can expect a considerable increase to your tax burden. To evaluate an employer’s retirement ... Read More