Story at-a-glance Max retirement accounts to cut taxes and grow savingsCapture every deduction if you’re 1099 or own a practiceBOE insurance premiums are deductible and often missedReview disability coverage now before income or taxes changeTax planning beats tax filing every timeTax season
How to Protect Your Practice (for Self-Employed Doctors)
Story at-a-glance Your practice is your income engine. If you can’t work, both personal and business cash flow stop.Individual disability coverage protects your personal paycheck.Business Overhead Expense insurance keeps rent, staff, and bills paid while you recover.Buy-Sell and Loan
The 7 Biggest Financial Mistakes Doctors Make in Their 30s
Story at-a-glance Your 30s are when your doctor paycheck jumps, but so do money risks (debt, kids, house, lifestyle).Mistake #1: Lifestyle inflation. Fix it with a 3-month reset, clear priorities, and auto-savings first.Mistake #2: Skipping own-occupation disability insurance and term life
Year-End Checklist: 5 Smart Money Moves for Doctors Before December 31st
Story at-a-glance Max out retirement. Hit contribution limits to cut taxes and grow savings.Review insurance. Update disability and life coverage to match your current income.Use health accounts. Spend FSA funds and boost HSA savings.Give smart. Donate strategically to lower taxes and make an
Being Proactive: The #1 Habit for Success as a New Attending Physician
Story at-a-glance Being proactive sets the foundation for career success, especially during your early years as an attending.Proactive doctors focus on what they can control—like schedules, finances, and personal growth.Common challenges like burnout, debt, and poor boundaries can be avoided
Being Proactive: The #1 Habit for Success as a Physician or Dentist
Story at-a-glance Being proactive means taking control, not waiting for problems to happen. Proactive doctors avoid burnout, grow faster, and lead healthier practices and teams. Focus on your “Circle of Influence”—your skills, planning, habits—not outside forces. Small changes, like better
Transitioning to Full-Time Practice: Managing Your New Income
Story at-a-glance Going from residency to practice means a big income jump—but also a big risk of overspending.Create a clear plan for saving, debt payoff, and spending before your first full paycheck hits.Avoid lifestyle inflation—celebrate your success, but don’t overcommit to big purchases
New Year, New Goals: Financial Planning Tips for 2025
Story at-a-glance Start 2025 with a financial check-up: Know your income, debt, and savings to build a smart plan.Set clear goals using the SMART method to stay focused and motivated.Max out retirement accounts and build an emergency fund to protect your future.Review disability and life