Money Talk For ER Docs™

Have you experienced lifestyle creep? It’s almost impossible to answer “no” to that. When your income goes up, it’s natural to spend more on goods or services. After all, that’s the #1 incentive to w…

In this special edition of the Money Talk for ER Docs™ podcast, we recap our 5 most listened to episodes over our first year of podcasting. We thought this would be a cool way to highlight what areas…

As you may or may not be aware, there is a $10,000 cap on certain deductions on your tax return. This really impacts those living in states with income tax as well as homeowners. But more and more st…

ER Docs tend to think of their hourly rate in a very matter-of-fact way. Oh, it says “$225/hr in my contract,” for instance. But this is a very literal sense of “hourly rate” and actually doesn’t acc…

You aren’t going to want to miss this! Changes are afoot when it comes to our tax code. And very few of the major taxing areas go untouched by Biden’s proposal. We’re talking tax brackets, capital ga…

In preparing taxes for our clients, we find 9 out of 10 ER Docs donate, in some form, to charity. And statistics support that claim. But the traditional way of writing a check to a charity or two you…

How do you actually retire? It’s an odd question because it can be taken in many different directions. But it’s a question we get a lot… and the overall desired response ER Doc clients and prospects …

Most ER Docs don’t realize how unique their income situation is. From our perspective, as advisors, it’s quite special, and affords immense opportunity when planned for correctly. You would think wit…

What is your most valuable asset? The answer is probably not what you’re thinking. And because of this, the most important financial decision you may ever make is something you probably either don’t …

Thought about pivoting jobs in EM? Or maybe you are recently out of residency and deciding on going down an academic or clinical career path. A vital piece of that decision, beyond career satisfactio…

Have you heard of a conservation easement? Majority of ER Docs have been approached with a financial opportunity that seems almost too good to be true... You have high income, and paying significant …

In filing hundreds of tax returns every year for ER Docs, roughly 50% of our 1099 earners take advantage of a particular deduction. Talks are in the works that would not only make this deduction more…

September 30th, 2021 marks an important date: the unthawing of frozen student loan payments and interest. As ER Docs with, in many cases, large amounts of student debt, resumption of student loan pay…

We find that even the most financially astute ER Docs get confused in the differences between Traditional and Roth IRA.  And it makes sense… there’s a lot to digest! Different annual limits, taxable …

Everyone makes mistakes. And sometimes you don't even realize the errors until well after they're made. But what if you suddenly realize there's a mistake on a tax return that was filed months (or ev…

All-time high real estate prices and renting prices. All-time low mortgage rates. Inflation to the cost of building supplies. Remote working being the new norm. Varying COVID regulations by state…

Th…

In this episode, we speak with Ana – Managing Director at Fortress Investment Group. Fortress is a global investment manager with approximately $50B under management. Ana has a wealth of knowledge wi…

We recently hit an all-time high in the stock market. If you have money to invest, when are you planning to buy in?  Maybe wait for a correction? The decision seems easy: you’ve already missed out on…

Before you go see a doctor, it’s wise to write down your questions to make sure you don’t miss anything. Same for a grocery store outing.

Seeking a new financial advisor is no different: whether you’…

Summer is here. That means graduating residents and soon-to-be fresh attendings. Have you thought about your finances yet?    

The saying “there’s no time like the present” rings true – you are in th…