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Welcome to the blog!
A repository of articles about things doctors didn't learn in medical school, covering side gigs, finances, the business of medicine, life in medicine, and more. These resources are intended to take a deeper dive into specific topics referenced in our educational pages.
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Defined Benefit Cash Balance Plans: Powerful Tax Strategy for Physician Practices and Entrepreneurs
Defined benefit cash balance plans offer large potential tax deductions & retirement contributions for doctors who understand how they work
How Tax Loss Harvesting Works: A Guide for Physicians
How strategic tax loss harvesting can benefit physicians with capital gains, when to do it and how, wash sale rules, swap partners, and more
Types of Permanent Life Insurance, Including Whole, Universal, and Variable Policies
How types of permanent life insurance compare to term, including whole, universal, and variable policies, and pros and cons of cash value.
Superfunding a 529 Plan
Superfunding a 529 plan can be a good idea for physicians looking to save more for college, but you should consider the pros and cons.
Revocable Trust vs. Irrevocable Trust: What Doctors Need to Know
How doctors should choose between revocable vs irrevocable trusts, with pros & cons for flexibility, estate planning, and asset protection.
Selling a House For Sale By Owner (FSBO)
Process of selling a house for sale by owner instead of through a real estate agent, with pros & cons of FSBO & physician specific tips.
Recasting a Mortgage: Differences versus Refinancing and When It’s Appropriate
What physicians should know about recasting a mortgage, how it differs from refinancing, what situations it's appropriate for, & pros & cons
High Yield Savings Accounts (HYSA) and High Yield Cash Accounts for Physicians: Best Uses and Options
How high yield savings accounts (HYSA) and cash accounts should be used by physicians, how to choose the best one, pros and cons, and more
Do Physicians Need to Buy Their Own Disability Insurance Policy if They Have an Employer Sponsored Plan?
Physicians should always have their own DI policy, but can stack it with an employer disability insurance plan for additional protection.
The Roth IRA: Why Doctors (Especially Residents and Fellows) Should Consider Contributing When Eligible
The basics of the Roth IRA retirement account for doctors, including which physicians should and can use one, contribution limits, and more.
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