By now you’ve probably seen nerve-racking headlines in the news about the stock market. Not to worry, we wanted to give you a short update to let you know what’s going on and how it might impact your portfolio.
For our Residents and Fellows who are finally finishing their training, a big change in their finances can be purchasing their first home. A question we get a lot is “Should I rent or buy a new home?” For most doctors, we suggest renting the first 1-2 years on the job.
Our doctors frequently ask whether they should invest in their Roth 401k/403bs or use the pre-tax option instead. There are a number of factors that savvy doctors should consider when deciding whether or not to Roth at work.
In today’s gig economy all of those things are possible, and doctors are in a great position to take advantage of these opportunities. However, most doctors are unaware of the power of the gig economy. Never has there been a time like this with so many ways for doctors to make extra income.