How Doctors 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.
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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.
Multi-family Real Estate Investors About to Hit Turbulence
As the Wall Street Journal reports, those who invested in multi-family buildings are facing mounting debt and adverse market conditions. These investments have become popular with physicians over recent years, posing a possible threat to their portfolio.
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.
Physician Retirement Savings: 5 Strategies to Make It Last
There are several proven strategies that can help your physician retirement savings last longer to better ensure a comfortable retirement.
Real Estate Investing for Physicians: Pros, Cons, and Tips
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. Keep reading to learn about the pros and cons of real estate investing for physicians.
Retirement Planning for Physicians: 5 Tips to Maximize Your Savings
Here are five tips to maximize your savings when considering retirement planning for physicians.
Wealth Management Platform Earned Wants to Help Doctors with Financial Security
How one company is looking to revolutionize finances for physicians. As featured in Healthcare Brew.
Physician Early Retirement Considerations
Studies often cite career burnout as a driving factor for physician early retirement, but the reasons vary from doctor to doctor and the decision to walk away from full-time work is always a personal one.
How to Do a Backdoor Roth: A Physician’s Guide
More and more high earners are using a retirement saving strategy called the Backdoor Roth. This strategy allows them to fund a Roth IRA account indirectly from other savings accounts. Keep reading to learn about how to do a Backdoor Roth.
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. Here’s what today’s physicians should know about the current trend of private equity acquisitions and what to consider if their own practice is ever approached for acquisition.
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.
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.
Combating Physician Pay Cuts and Burnout
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 Retirement: 7 Signs You Are Ready
The majority of physicians plan to retire at age 68, much later than the average American. Why is physician retirement often delayed?
Estate Planning for Doctors: A Checklist to Update or Start Your Own
Estate planning for doctors is a crucial aspect of financial planning, and it's never too early to get started.
Physician Career Changes and the NFL
What do physician career changes and NFL players have in common? Well, if it has to do with one person in particular, everything.
