The Tax Cuts and Jobs ActThe sweeping tax reform signed into law in the closing days of 2017, contains a number of tax breaks. The majority of middle class taxpayers will receive a significant tax cut as a result of the law, though a few readers may find themselves with little or no tax break.Let’s
Details Matter: Doctors Should Own Their Own “Own Occupation” Disability Insurance
Importance of Own Occupation Disability InsuranceWhen it comes to protecting your income against the risk of injury or disability, having the right policy matters. As a physician, chances are good that your ability to earn an income hinges on your physical ability to do things like these:Remain on
Doctors: Don’t Count on Uncle Sam if You’re Disabled
If you’re ever disabled, don’t be relying on the federal government for help. Federal disability benefits were never intended to cover more than very basic needs. The average Social Security Disability benefit is just $1,173 per month. And now it’s taking even longer to get approved.In prior years,
Estate Planning Basics for Young Doctors
As much as none of us want to admit it, we’re all going to check out one of these days. The time to lay the groundwork for our eventual deaths is now. Accident, illness or violent crime can strike any of us at any time. Most of these steps for estate planning have to be taken while we are still in
Year-end Tax Tips for Doctors and Dentists
November is upon us, and that means it’s time to make your end-of-year tax moves to make sure you minimize your overall business, income and capital gains tax liability, while maximizing your personal and business cash flow.Maximize retirement plan contributions.While you have until next April to
Study: Doctors Get Paid Best in Rural Areas and Lower-Cost Cities
Doctors Get Paid Best in Rural Areas and Lower-Cost Cities“I’d be a bum on the street with a tin cup if markets were efficient.” – Warren BuffettDoctors aren’t commodities – and neither are the markets they work in. That’s why there are big differences in compensation, even within the same city and
Court Ruling Underscores Importance of Disability Insurance Protection for Women of Childbearing Age
A Recent Court Case Underscores The Importance Of Owning Personal Disability Income Insurance For Women Of Childbearing Age.A young woman in Florida was just a few weeks into a healthy pregnancy and purchased disability insurance from Reliance Standard. 38 weeks into her pregnancy, however, she had
Study – Young Physicians Don’t Know Much About Money
Study - Young Physicians Don’t Know Much About MoneyUnlike the great singer Sam Cooke, young doctors actually do know a lot about biology and the science book.Some of them even know something about the French they took.But they don’t know much about money.That’s not just us talking. That’s the