Setting up and agreeing to an employment contract can make your work life great, or conversely, create hardship. Understanding your employment terms and learning to negotiate can be very useful skills to have. What is important for you may be different for other people. A good place to start is to evaluate what it […]
A Guide to Physician’s Employment Contract Terms and Negotiations Read More »
Many different loans exist for different purposes, such as student loans for education or a mortgage for a new home. Personal loans can offer a flexible way to manage current expenses or to finance personal needs such as medical expenses, emergencies, or auto repairs. These loans are often used by people who experience unexpected expenses
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Ordinary income and capital gains taxation are two prominent financial concepts. Understanding the difference between them that will help you to make wiser financial decisions. Ordinary income tax applies to paid compensation, whether it is in the form of wages, property, or services. Ordinary income rates also apply to interest income, dividends, royalties, or self-employment
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Student loans have become more complicated over time. Many medical students who have started residency have learned that with this complexity comes widespread misinformation. Not understanding your student loan situation can hurt your finances. Here are some common misconceptions and details to better understand your loans and repayment plans. 1. Student Loans Don’t Accrue Interest
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FedLoan Servicing Agency, also known as the Pennsylvania Higher Education Assistance Agency, announced recently that it will stop servicing student loans by not renewing its 12 year contract with the U.S. Department of Education. The current contract expires on December 14, 2021. Here’s what borrowers need to know about this change: FedLoan Servicing has agreed
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Every year, some states hold tax free holidays to give consumers a break on paying sales tax. This break applies in stores and with online purchases. The exemptions are only for qualifying items, typically for back-to-school and emergency preparation, but other consumer goods may be included as well. In some states, computers or household appliances
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Starting in March 2020, federal student loan payments have been temporarily halted for millions of borrowers in the United States due to the Covid-19 pandemic. On Inauguration Day, President Joe Biden extended this student loan relief, including temporary student loan forbearance for federal student loans. This executive order does not cover private student loans. The
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Despite its importance, saving for retirement is not always easy. Even if you save a portion of your salary each year for retirement, there is more that can be done. You may find yourself feeling behind and needing to catch up to achieve your retirement goals, as do 52 percent of American workers. The first
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A portion of Biden’s American Rescue Plan, which was enacted in March 2021, to support American families and businesses through the coronavirus pandemic, has been allocated to the Homeowner Assistance Fund (HAF). Millions of Americans are still at risk for the foreclosure of their homes due to economic implications of the pandemic. The Homeowner Assistance
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As an employee in any industry, it is important to know about the most common investment vehicle for Americans: 401(k) accounts. Having basic knowledge on this savings tool can make all the difference when it comes to your retirement. Knowing the maximum annual contributions to a 401(k) plan is important. Employees can choose
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