Money Talk For ER Docs™

Tax laws, like electricity, move fast. The rules of last year, or even last month, no longer apply when it comes to electric vehicles. Have you considered you may earn too much to earn a tax credit?…

It’s normal to feel a variety of positive and negative emotions throughout your investment life. From fear to elation, from pessimism to optimism… no matter the feeling, how you perceive and act (or…

If you’re an ER doc working in another state from the one you reside in, it’s probably for a much better-paying job or opportunity. Then consider what we already know: taxes and finances for ER docs …

If you’ve listened to prior episodes, you’ve likely heard us talk about the benefits of having 1099 income. One benefit, in particular, is often overlooked and really takes the cake as the most spec…

What it means to own real estate has changed dramatically, not just in the past three years, but even over the past three months. And who knows what the next three months, let alone three years, will…

One of the most annoying “to-do list” items has to be setting aside time to prepare for what happens to your wealth after you die. That’s what an estate plan is, after all – the instruction manual f…

For decades, emergency medicine was the “cool kid,” highly desired medical specialty. Now it seems there may be a trend forming that tells a different story. 

In this episode, we’ll discuss the 2023 …

When people think of a bank, they usually think of the ultimate level of security with a seemingly endless supply of money to pull from, fraud protection, insurance… the works. So when the public he…

Life is all about choices. The more informed you are about a subject matter, the better a decision you’ll make. The same thing can be said about job offers.

In EM job offers, the “hourly rate” is t…

We review hundreds of tax returns every year for newly onboarded clients. The majority of the time, we see missed opportunities that would have resulted in larger refunds. In some cases, we can amend…

Are you aware of private equity’s involvement in emergency medicine? You may or may not have directly experienced their involvement, but if any of the following sound familiar, it very well could be …

What does “retirement” really mean? We think it’s an overused buzzword that can mean so many things to so many people, but traditionally speaking, it refers to the age at which you stop working. On …

Being an EP in and of itself puts you well beyond the average American when it comes to finances. But consider even that the finances of EPs differ from those of other physicians. And further, the fi…

People are too busy living to plan for their death, and why would you? It’s expensive, time-consuming, and it makes you plan for something nobody wants to think about – their own demise. The irony is…

As an ER doc, you’re well aware of hospital emergency codes and the essential information they communicate. This got us thinking – can we draw parallels between medical codes found in your workplace …

Balancing relaxation and recovery from irregular work schedules and family obligations is difficult enough for ER docs. Now throw in a considerably more complex tax situation than the average America…

We are back with a continuation of our last episode on financial changes resulting from the SECURE Act 2.0. Where the last episode revolved around predominately Roth IRAs, this episode we’ll get into…

The Secure Act 2.0 is now Law. The legislation provides a slew of changes that could help strengthen ER Doc’s financial readiness for retirement. That’s IF these changes are understood and capitalize…

It’s no secret the demands of being an ER Doc. With that, it’s not going to be unusual or uncommon for there to be difficult days in the workplace.  To help manage that stress, cultivating hobbies an…

ER Docs are a unique financial bunch. Aside from the challenging profession that goes without saying, there are often overlooked financial realities, call them “pain points,” that can add to the alre…