Top Tax Mistakes Doctors Make
Many doctors unknowingly make costly tax mistakes that slow down their wealth-building efforts. Learn tips to avoid them to help you maximize your savings and invest more efficiently.
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From Fatigue to Fulfillment: How Dentists Can Beat Burnout
As dental professionals, we take pride in providing high-quality care to our patients. Our work requires precision, compassion, and unwavering focus. But the demands of the job can also take a toll and potentially lead to burnout — a state of emotional, physical, and mental exhaustion caused by prolonged, intense stress. Left unaddressed, burnout can impact not only our own well-being but also our ability to provide the best care for our patients. Recognizing the signs and taking proactive steps to manage stress is essential for a long and fulfilling career.
Doctor
Early Career
Late Career
Mid Career
Practice Owner
Solving the Staffing Challenge: Interview Questions to Help Doctors Find and Retain Top Talent
As a practice owner, you know one of the most significant challenges you face is hiring and retaining the right team. It’s no secret that staffing is one of the most daunting aspects of running a successful medical or dental practice. The time spent searching, hiring, and training employees can feel like a career drain – but there’s a way to make it easier.
Article
Practice Owner
Career Advisory
Doctor
Dentist
Don’t Just Give — Give Smarter: How Donor Advised Funds Can Help You Give and Save More
One strategy that’s been growing in popularity among our clients is the use of Donor Advised Funds (DAFs) — which let you donate to your favorite causes while optimizing your taxes. It’s a win-win, allowing you to give generously while also saving more money.
Article
Financial Planning
Tax Planning
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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 reduce doctor burnout.
Benefits of a Fiduciary Financial Advisor
Discover why partnering with a fiduciary financial advisor for physicians can provide numerous benefits for doctors seeking to manage their wealth effectively.
What the FTC’s New Ruling on Non-Competes Means For Doctors
The FTC issued a final ruling in April 2024 that bans employers from forcing employees into non-compete arrangements as part of an employment contract.
Navigating the World of Financial Advice
When it comes to doctors’ wealth, there’s a whole world of advisors vying for your attention. Understanding the different types of financial professionals and the value they offer can help you cut through the noise.
Practical Tax Advice for Everyday Financial Management
As doctors file their income tax returns, sometimes there are tax exemptions and tips associated with ordinary actions that they may not be aware of.
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.
I’ve Maxed Out My 401k, What Should I Do Next?
Once a doctor has maxed out their 401k contributions, there are several financial steps they can prioritize.
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.
3 New Year's Financial Tasks For Doctors
January is a good time to figure out finances for the rest of the year, and maybe the next decade or more. Tax documents arrive, and with them, opportunities to see what adjustments you wish you’d made last year and can make now. It’s also a good time to figure out what you want 2024 to look like.
Loan Forgiveness Eligibility Now Available For California and Texas Physicians
Due to a recent rule change by the US Department of Education, physicians in California and Texas are now able to apply for public service loan forgiveness (PSLF). Earned explains how this change opens up loan forgiveness options for physicians in these two states.
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Beyond 401(k) or 403(b) Plans - What Extra Retirement Benefits Do Top Hospitals Offer?
In the diverse landscape of healthcare systems, employees typically receive retirement benefits, often in the form of standard 401(k) or 403(b) plans with employer matching.
1099 vs. W-2 Doctors: 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.
John Clendening On Helping Scale Schwab Bank And Raising $225 Million To Build Earned Wealth
Earned Wealth CEO John Clendening sat down with Alejandro Cremades for the DealMakers podcast to discuss his bold vision to push the boundaries of what’s possible in the financial services industry.
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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.
Top Tax Mistakes Doctors Make
Many doctors unknowingly make costly tax mistakes that slow down their wealth-building efforts. Learn tips to avoid them to help you maximize your savings and invest more efficiently.
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