Most medical residents consider fellowship – an additional layer of training that allows them to delve even deeper into a specific medical subspecialty. It’s similar to a scholarship but is typically awarded at the residency or post-residency level. While fellowships can be a great way to refine your skills and knowledge in a specific […]
Considering fellowship? Ask yourself these 5 questions. Read More »
Physicians, as dedicated medical professionals, your busy schedule can push tax filing to the corner. You blink, and suddenly the tax deadline has passed. Don’t worry. If you missed filing your taxes in 2024, you can still file a belated tax return. In this blog, we will cover handling a missed tax deadline, filling out
Missed the tax deadline in 2024? Here’s What You Need to Do Now Read More »
As the famous saying goes, ‘A penny saved is a penny earned’. Tax planning is one of the ways that can help you save your taxes and increase your income. Now, as a medical residents, you’ve embarked on the exciting journey of residency. Between long hours, demanding schedules, and the constant hunt for knowledge, finances
Tax Saving Tips for Medical Residents Read More »
The time to file an income tax return is here. It’s a time marked by paperwork, calculations, and perhaps a touch of stress for some. While Tax Day can indeed be stressful and confusing for individuals and businesses alike, it doesn’t have to be. By having a clear understanding of what Tax Day involves and
Understanding Tax Day: What You Need to Know and Special Consideration Read More »
For Doctors in the USA, completing residency marks a significant milestone.Wherever you are in your journey to becoming a doctor it’s important to know about the life after residency that holds both challenges and opportunities. In this blog, we will cover nitty-gritty details like life after residency, What comes after residency, the Career path
Life After Residency: Challenges and Opportunities for Doctors in the USA Read More »
From the midwives of ancient times to Nobel Prize winners, the narratives of female doctors in the United States have undergone a remarkable evolution over the years. As per the new data report from AAMC ( American Association of Medical Colleges), In 2021, more than one-third ( 37.1%) of the active physicians workforce in
How have female doctors in the US evolved over time? Read More »
The Internal Revenue Service (IRS) has issued a warning that taxpayers may experience delays in receiving their tax refunds in 2023. This news comes as a result of factors like – ongoing changes to tax laws, processing backlogs, and other administrative issues. This blog will explore the reasons behind the delay and provide tips on
The IRS Warns of Tax Refund Delays in 2023 Read More »
Understanding Ordinary vs Qualified Dividends There are two types of dividends paid out to investors: Ordinary and Qualified. The time an investor has owned a stock determines whether the dividend will be considered Ordinary or Qualified. The other difference between these is the tax treatment of the dividend. Previously, all dividends were considered Ordinary dividends
Ordinary vs. Qualified Dividends Read More »
After years of hard work to become an attending, you’ve achieved the salary to match. However, it’s important to remember that the work doesn’t end here – you must stay on top of your finances to avoid a cycle of debt and poor financial decisions. According to the 2022 Medscape Physician Compensation Report, the average
Resident to Attending Salary: Understanding Take Home Pay Read More »
Personal finance is a broad and subjective topic that is often expressed as objective, specific rules of thumb, such as “never withdraw more than 4% of your retirement savings a year to make sure your retirement lasts” or “don’t buy a house that costs more than two and a half years’ worth of income”. While
Five Tips to Improve Your Financial Health Read More »
