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Welcome to the blog!
A repository of articles about things doctors didn't learn in medical school, covering side gigs, finances, the business of medicine, life in medicine, and more. These resources are intended to take a deeper dive into specific topics referenced in our educational pages.
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Legitimate Ways to Contribute to a Roth IRA for Your Children
Legitimate ways you can fund Roth IRAs on behalf of your children, why it's so valuable, & what types of kids' earnings are & aren't eligible for Roth contributions
What Financial Steps Do I Need to Take if I Plan on Retiring in the Next 5 Years?
Financial steps for physicians planning on retiring in the next five years, including savings, debt reduction, tax planning, asset allocation, & withdrawal strategy
Flat Fee vs. Assets Under Management (AUM) Financial Advisor: Which Should You Choose?
How to choose between flat-fee and assets under management (AUM) based financial advisors based on cost & advantages and disadvantages of each model
Do I Need a Financial Advisor?
What physicians should consider when evaluating if they need a financial advisor, including complexity of finances, stage of life, costs, & discipline to DIY
Choosing Your Asset Allocation When Investing in the Stock Market
Factors to consider when choosing your asset allocation between stocks, bonds, cash, & alternatives, accounting for age, risk tolerance, investment horizon, & goals
Investing in Movies, and Vetting Investment Opportunities in the Film Industry
What to know before investing in movies, how these opportunities make money, investment tax incentives in the film industry, & questions to ask during due diligence
Choosing Which State’s 529 Plan is Best To Use
Choosing which state’s 529 is best to invest in for your situation, & how to pick based on tax benefits, flexibility, fees, investment options, restrictions, & perks
Differences in Investing in Venture Capital Funds vs. Angel Investments
What the difference is between investing in venture capital funds vs angel investments, & how to pick based on risk, exposure, & amount of money available to invest
How to Put Your Rental Property Into an LLC
How to put your rental property into an LLC, taking into consideration financing, local and state laws, accounts, and documentation to ensure you stay protected
Donor Advised Funds for Charitable Giving: Pros, Cons, Taxes, and More
Why using a donor advised fund for your charitable giving may be tax-advantaged, how to set up & maintain one, related rules, & how it differs from a foundation
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