Get ahead on planning for the future

1099 vs. W-2 Physicians: Differences, Pros and Cons

The 1099 vs. W-2 tax classification designates someone as an independent contractor or employee in the workplace. There are pros and cons to each type of designation.

2024 UC Retirement Plan Choices - What You Need to Know

If you are joining the University of California hospital system, or if you’re taking this opportunity to re-evaluate the choices you made last year, Earned Wealth has broken down the retirement plan options available to you during open enrollment.

Report: Only 17% of Eligible Workers are Saving Money in Their Roth 401(k)

While more and more employers are offering the after-tax savings accounts to their employees, workers have been slow to incorporate them into their retirement plans. However, many savers — physicians included — could greatly benefit from doing so.

How Physicians can Avoid Leaving Heirs a Giant Tax Bill

According to a rule instituted in 2020, non-spousal beneficiaries of retirement accounts now must draw down those savings within 10 years — often leaving them with a sizable tax bill. Below, we’ll take a look at what high earners are doing to amend their estate plans and what physicians should consider when leaving money to their children and grandchildren.

The Changing Landscape of Physician Noncompete Agreements

Industry experts estimate that at least 37% of American physicians have signed noncompete agreements as part of their employment. While these agreements have typically forced doctors to relocate when taking a new job, a wave of new legislation is poised to change how physicians navigate the industry.

Report: Multi-family Real Estate Investors About to Hit Turbulence

And what this means for physician investors

New Roth 401(k) Requirement for High Earners Delayed Until 2026

The IRS has announced a two-year reprieve for high earners 50 and older who would've been subject to new retirement saving rules next year. Now slated for 2026, the new law requires these savers to make "catch-up" contributions on an after-tax basis to employee-provided Roth 401(k) accounts.

Report: Professional Fulfillment among Physicians Trending Downward

Nearly half of working physicians are unsure if they would decide to practice medicine again if given the choice.

Why Every Physician Should Consider Disability Insurance

Disability insurance, also referred to as disability income protection, provides a monthly predetermined replacement income should you find yourself unable to work or generate an income

How Physicians Can Improve Their Credit Scores

We share a handful of strategies that can have a huge impact on improving your credit score, paving the way for a more secure financial future.

Do Physicians Need Umbrella Insurance?

As a physician, it’s safe to say you experience risk differently than most professionals. Umbrella insurance helps cover non-occupation-related liability gaps in your insurance policies.

Should You Rent or Buy Your Home?

Rewarded by the IRS and encouraged by financial advisors, owning one’s home has long been celebrated as both the cornerstone of the American dream and the central pillar of lifelong financial security. But is it always the right option?

Why Residents Should Consider Disability Insurance

Earned Wealth's Chief Wealth Acceleration Officer shares how residents should think about disability income

How to Maximize Your Roth Savings as a Resident or Fellow

“Compound interest is the 8th wonder of the world. Those who understand it, earn it. Those who don’t, pay it.”

How Physicians Can Maximize Long-term Wealth‍ through Better Tax Management

Earned Wealth's Chief Wealth Acceleration Officer runs you through how physicians can maximize long-term wealth‍

Tax Smart Investing: Using Custom Indexing to Minimize the Impact of Taxes

As high earners, physicians typically pay a lot in taxes. Custom indexing and tax-smart technology can help reduce taxes and enable personalization of physician portfolios.

Key Dates for Planning Your Financial Health in 2023

As 2023 jumps into gear, you may be thinking about plans and goals for the coming year and beyond. Maybe your plans include financial planning, or maybe one of your goals is to take a look at your financial health and set yourself up for the future. Your financial health involves more than just yearly taxes and planning - the more you check up on it, the easier it is to follow your plan. Whether you're a self-employed physician or a physician employed at a healthcare organization, it’s important to follow a calendar to regularly check up on your financial health.

An Introduction to Estate Planning

Knowing where to start when planning your estate can be a daunting task. Depending on your career and life stage, how you plan your estate may look very different. Once you break it down, planning your estate doesn't have to be as complicated as you think.

What Physicians Should Know about the SECURE Act 2.0

We’ve analyzed the nearly 400 pages of the SECURE Act 2.0 to identify what may affect physicians most at different stages of their careers.

Life Insurance for Physicians

From student loans to owning a practice, and even lawsuits - physicians have specific needs for life insurance. Find out how to determine how much insurance you need and what type of policy is best for you.

5 Financial Opportunities Physicians Often Miss

Our goal at Earned is to provide the financial education and advisory that physicians deserve, so we’ve put together a list of the 5 main financial mistakes physicians should avoid, so you can learn what they are and how to plan around them.

The NFL and Physician Career Transitions

What do physician career changes and NFL players have in common? Well, if it has to do with one person in particular, everything. 

Important Tax Planning Information for 2023

Tax planning is a year-round process, but as Tax Day on April 18th approaches, it’s important to make sure you have the information you need to file correctly. Use this resource to review tax brackets, standard vs. itemized deductions, and other important information.

What to Look for in a Medical Malpractice Insurance Policy

Here are the main things you should take into account when searching for the right medical malpractice insurance policy.

How to Update or Start Your Estate Plan

Estate planning is a crucial aspect of financial planning, and it's never too early to get started.

7 Signs You Are Retirement Ready

The majority of physicians plan to retire at age 68, much later than the average American. Why is that?

Think Twice Before Investing in That “Amazing” Opportunity

Discover why partnering with a fiduciary financial advisor can provide numerous benefits for physicians seeking to manage their wealth effectively.

Report: Physician Salaries Dipped in 2022

Decreasing compensation, burnout, and pay parity challenges are just a few of the key findings in Doximity and Curative’s new 2023 Physician Compensation Report.

Physician Finances: A Prescription for Your Financial Health

The demands on physicians today can seem overwhelming. It's no secret that healthcare delivery is changing, and those changes are reflected in the state of physician finances every day.

Doctor Burnout is Still Soaring — Can Artificial Intelligence Help?

Study after study has confirmed that, even post-vaccine, burnout among physicians and other medical professionals is still prevalent. Now, institutions are looking at AI solutions from new startups to reduce administrative burdens and help physicians do their job with less stress.

Are Physician Home Loans the Right Solution for You?

A physician home loan is a specialized mortgage designed to help physicians overcome the unique financial challenges they face early in their career.

3 Financial Pros and Cons to Being a Locum Tenens Physician

This kind of temporary employment comes with its own set of financial pros and cons that doctors should carefully consider before accepting work as a locum tenens physician.

Private Equity Acquisitions: What Physicians Need to Know

The growing wave of medical practice acquisitions by private companies like CVS and Amazon is currently disrupting the healthcare sector.

A Physician’s Guide to The “Backdoor Roth”

More and more high earners are using a retirement saving strategy that allows them to fund a Roth IRA account indirectly from other savings accounts. This strategy is called the Backdoor Roth.

Should You Retire Early? 5 Considerations for Physicians

Studies often cite career burnout as a driving factor for doctors retiring early, but the reasons vary from doctor to doctor and the decision to walk away from full-time work is always a personal one.

Five Tips for Physicians Planning for Retirement

It’s no secret that a growing number of doctors are nearing retirement age — with some surveys pointing at an average physician age of over 53. In many cases, physicians are waiting past the age of 65 to retire, as well. That means that a significant number of active physicians need to get serious about retirement planning. Here are six general tips all physicians should consider when retirement is on the horizon.

Real Estate Investments for Physicians: Pros, Cons, and Lessons from the Applesway Investment Group

As a physician seeking financial growth beyond the medical field, investing in real estate can be an enticing option. However, it is crucial to approach such investments with caution.

Making Sure Your Retirement Savings Last: 5 Strategies for Physicians

There are several proven strategies that can help retirement savings last longer to better ensure a comfortable retirement.