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Unlocking Financial Freedom: The Buy, Borrow, Die Tax Strategy Explained

If you haven’t yet heard of the tax strategy “Buy, Borrow, Die,” you’re not alone. It was a popular term during the 1990s and then faded out of usage in many circles. Recently, the term has made a resurgence as more and more people look for ways to reduce their tax burdens and build additional … Read more

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Book Review: Tax Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright

Tax Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes is a financial self-help book written by Tom Wheelwright, an entrepreneur, best-selling author, Rich Dad Advisor, certified public accountant, and recognized authority on tax law across the globe. Tax Free Wealth teaches business owners, entrepreneurs, and other professionals — including physicians — … Read more

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Geneticist Salary Information For Your Planning and Career Advancement

Geneticists are a fast-moving field in the medical world. When you are a geneticist, you are a professional in the study of genes, as well as the overall science of heredity. To be a geneticist, you must be someone who enjoys doing extensive research. You will be picking up knowledge across many different fields of … Read more

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Retirement Planning

Retire Your Way Why Choose Physicians Thrive Physicians Thrive has decades of experience helping doctors get a plan they are confident in. Get Started Today Each physician is unique and so are their goals. Case by case, we strive to understand each individuals situation. Frequently Asked Questions

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Tax Reduction

Know Your Options Why Choose Physicians Thrive Physicians Thrive has decades of experience helping doctors get a plan they are confident in.

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The Complete Guide to Physician Retirement Planning

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Inflation Tax: What You Need to Know

You don’t have to be an economist or have studied macroeconomics in college to know that inflation is a dirty word. With inflation comes the higher costs of products and services, while at the same time, the value of our money lessens. From 1990 to 2018, the average inflation rate in the United States was … Read more

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3 Ways to Avoid Taxes on Life Insurance Benefits

Veronica Baxter | Boonswang Law Firm As a general rule, they do not tax proceeds from a life insurance policy as income to the recipient. Whether the proceeds take the form of death benefits or Accidental Death & Dismemberment (AD&D) benefits to the insured, the IRS does not consider those proceeds income. Accordingly, three scenarios … Read more

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The Complete Guide to Physician 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 in … Read more

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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

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