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  Doctors have traditionally enjoyed a secure and respected profession with a stable income. However, the medical profession is changing rapidly, especially in 2023, and doctors face new challenges that are driving them to look for alternative sources of income, such as side hustles.   Besides the financial benefits, doctors can even use side gigs […]

In the early 19th century, the medical profession was an exclusive club for men, and women who dared to venture into this field faced numerous challenges.   However, Harriot Hunt, an American abolitionist, and women’s rights advocate refused to be held back by societal norms and paved the way for women doctors. Hunt’s achievements are

Retirement planning for healthcare professionals has become easier with the new Secure Act 2.0, which allows them to save more towards their retirement. This new law is a game-changer for physicians, who have struggled to save enough for their retirement due to their long training periods and high student loan debts.   In this blog,

Filing your tax returns ahead of time is a financial hygiene every citizen should follow to stay out of any unnecessary hassle.   However, as the tax filing deadline approaches on April 15th, many taxpayers find themselves scrambling to gather documents and prepare their returns. A study by IRS found that over 20% of Americans

Tax extension is a way for taxpayers to get extra time to file their returns. Usually, they can request an additional 6 months to file their tax return. With such an option available, you can avoid late penalties or interest charges issued by the IRS. However, since the tax season is here and the need

With the tax season knocking at the door, the thought of being audited by the IRS can seem daunting.   While the chances of being audited by the IRS in 2023 are relatively low, you must be aware of the red flags that could increase your chances of being audited as a medical professional. Whether

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

As a physician, you have worked hard to build your career and provide valuable services to your patients.   However, with the rise of short-term rental platforms like Airbnb and HomeAway, you now have a new opportunity to generate additional income through short-term rentals.   While this can be an excellent source of passive income,

Doctors are considered one of the most respected and hardworking individuals in our society. Although they selflessly dedicate their lives to helping and saving others, they’re often unable to look after their financial well-being. This is exactly where a financial advisor steps in to guide with financial planning for doctors. Their role involves helping Doctors

As a medical resident, you barely have time to think about the financial aspect of your profession, as most of it goes behind your medical practice, education, and dealing with student loan debt. However, your income will increase significantly once you complete your residency and begin practicing as a fully-fledged physician. Nevertheless, it’s essential to