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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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Coast FIRE: A Milestone in the Financial Independence Journey When You No Longer Need to Save for Retirement
What Coast FIRE is, how to calculate your number, and what hitting this milestone in the financial independence journey means for physicians
The 4 Percent Rule: How Much Money You Need to Retire & Your Financial Independence Number
The 4 percent rule helps determine how much money you need to retire comfortably and calculate if you’ve achieved financial independence.
Solo 401k vs Sep IRA: How Self-Employed and 1099 Physicians Should Decide
Pros and cons of choosing a SEP IRA vs solo 401k for physicians with self-employed income, including contribution limits and tax advantages.
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
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.
Governmental and Non-Governmental 457 (457b) Retirement Plans for Physicians
What physicians should know about key differences of governmental and non-governmental 457 b plans before deciding if they should contribute
Guide to Retirement Accounts for Physicians
Covering 401k, 403b, 457, TSP, solo 401k, defined benefit plans, IRAs, and HSAs, & more, as well as FAQs such as Roth vs traditional options
The Solo 401K Plan for Self-Employed and Side Gig Physicians
The solo 401k allows self-employed doctors such as those doing locums and side gigs to contribute to tax advantaged retirement accounts.
Should Physicians Choose a Traditional 401k or a Roth 401k for Their Retirement Accounts?
Doctors should consider many factors when choosing between a 401k or Roth 401k in addition to current and future projected tax brackets.
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