Retirement account required minimum distributions (RMDs) can be a tax burden for those in their retirement years. But thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020, we can declare our independence from the RMDs for 2020 and save a ton of money. RMDs are in place to be sure the … Read more
My Solo Practitioner Spouse Died Unexpectedly (Today’s guest post comes from the wife of a solo practitioner whose unexpected death came at a relatively young age. Her story reminds us how unpredictable life is and the importance of planning ahead. She prefers to tell her story anonymously.) I missed a phone call one day while … Read more
Every week I run into a few articles that I feel are especially valuable and every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include how much revenue a physician generates for the hospital, why physicians should invest in real … Read more
Last week I explained some of the rules and tax smart tips you need for hiring your children to work with you in your business. As I discussed on page 32 of my book The Doctors Guide to Real Estate Investing for Busy Professionals, you should be hiring your children to work in a business … Read more
Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include a free 50+ speaker virtual summit on diversifying your income which starts today, what happened in … Read more
(Special note: If you have been hit by the current shutdown, my newest book, The Doctors Guide to Navigating a Financial Crisis, will help you find your way back to financial health. Watch for it to come out in mid-May) I have read many articles discussing how the first big drop in the market would … Read more
The pandemic our world is experiencing will result in some modifications to life as we know it. After living through a bad event, we tend to come out the other side with new knowledge that will bring about some needed changes to better our world. Yes, death is bad and the loss of one’s job … Read more
Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include what you should know about locum tenens licensing, how a physician becomes a capitalist and not … Read more
Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include ways to make your medical training years less stressful, a 58 year old with no retirement … Read more
Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include generating $5,000 a month with Airbnb, 6 hidden disadvantages of being an employee, is your mindset … Read more
