Riders Physicians Need to Review When Choosing a Long-Term Disability Insurance Policy
When you’re considering purchasing a Long-Term Disability Insurance policy, you might feel overwhelmed trying to choose the right policy for you. We recently spoke with Michael Relvas, the owner of MR Disability Insurance on how to compare disability insurance riders, and what is important when narrowing down your options. Michael specializes in disability income insurance…
Read MoreInsurance for Physicians: A Definitive Guide
We know we need some sort of policy, but how do we know how to find the best term life for our needs? And what makes term life so much better than whole life? The answers to these questions – and a lot more – will be covered. Term life insurance is a fairly straightforward…
Read MoreCommon Tax Deductions That Will Save You Money
Common Tax Deductions That Will Save You Money As a high-income earning physician, you will want to know the common tax deductions and credits that are available to you. These deductions will help you decrease your taxable income and pay less tax. The good news is that these common tax deductions are available to any…
Read MoreTax Planning for Physicians: Concepts You Need to Know
Tax Planning for Physicians: Concepts You Need to Know When thinking about your personal finances and annual financial plan, you should not overlook tax planning. Tax planning is the process of analyzing your personal finances from a tax perspective and understanding how your income, expenses, purchases, and other financial transactions will affect how much tax…
Read MoreHow Real Estate Affects Your Taxes
Real estate is a great way for physicians to build wealth, achieve financial independence, and create a second stream of passive income. It also provides advantages such as giving you more control over your investments and even giving you some tax breaks. Speaking of tax breaks, real estate affects your taxes differently than other investments,…
Read MoreEarning Income in Multiple States
Have you ever wondered the following questions: What taxes do I pay if I work in one state and live in another? Do you get double taxed if you work in a different state? Why do I have to pay taxes in two states? These are all great questions, and ones we will cover in…
Read MorePhysician Mortgage Loans: What You Need To Know
In recent years, banks have been targeting physicians for a type of loan not available to the public called a physician mortgage loan. Physicians have unique challenges with borrowing because they have high debt-to-income ratios. By reading the definitive guide we’ve pulled together here, you will learn: Who qualifies for a physician mortgage? Advantages and…
Read MoreHow Physicians Can Pay Less Tax
How Physicians Can Pay Less Tax As a physician, you might be wondering how to pay less in taxes, especially as you move up the ranks from a resident earning $60,000 to an attending earning in the hundreds of thousands. Earning more is a good thing. It allows you to provide more for yourself…
Read MoreA Physician’s Insurance Checklist: The Definitive Guide
Insurance coverage might not be considered the hottest topic in conversation, but for physicians, it’s a necessary one. The exciting topics of insurance – auto, home, disability – won’t be going away anytime soon, whether we spend much time thinking about them or not. Have you ever stopped to think about how much insurance coverage…
Read More