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The transition between training and a new attending job is one of the most important times in a physician’s career. Residents and Fellows focused on science and training with a grueling schedule, may enter their new positions feeling uncertain of how to manage their personal finances. Building a solid financial plan, making sure their money […]

When thinking about your financial goals in 2022, setting a budget is key. Creating a budget will help you set financial guidelines that will help you to keep track of spending. Set clear goals, whether it’s paying down your student loans or building up contributions for retirement. Don’t make it overwhelming, rather realistic benchmarks.  

Choosing a financial advisor is one of the biggest decisions one can make. Here a few tips that can help you make the right decision for you and your family. Meet with several financial professionals and make sure that their process, values, and personality are a good fit. Don’t forget, you’ll be working with this

Taxes may seem daunting to individuals come tax season. Tax professionals are able to take on the stresses associated with tax preparation, and help you create a long-term plan to maximize your tax return. Hiring a professional may be a more advantageous choice for you. Consider some of these factors when making your decision between

Finding the right balance between work and home life can seem impossible for many of us, though especially difficult for physicians. Working long hours with dedication for offering patients the best care, sometimes doesn’t leave much time outside of work.     Maintaining a healthy work-life balance promotes stress reduction, as well as reducing stress

The COVID pandemic has seen a sharp rise in residential relocation and remote working. There are tax implications that come along with this. When people in higher tax brackets leave their state, they are more likely to be audited. Many states that need higher tax revenue want to make sure those people actually left. Some

Typically, physicians will work more than the conventional 40-hour work week with many averaging 50 hours or more. Here are a few small things you can do to save time in the office and be more in charge of your own schedule.       1.Training sessions on commonly used technology (like electronic health records

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

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

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