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#1 Lack of Time A lack of time often seems to be the number #1 excuse for doctors mismanaging their finances.  Many non-physician spouses may have just as demanding, or more demanding schedules than their doctor partners, but many do not. While my wife is a dentist and was working ridiculous hours during her time....

Buying too expensive of a home. This is a problem that radiates through all groups of society.  From low to middle class to the ultra-high net worth. Buying a bigger more expensive home, causes additional financial woes.  Home insurance premiums rise, heating and cooling bills increase, typical house hold repairs are more expensive, and lastly the mortgage payment....

INTRODUCTION The life of a doctor is a busy one. You spend twelve-plus hours running back and forth between multiple patients. You add notes to their charts, order diagnostic tests, and request consultations. No wonder you hardly have any time for yourself, especially when it comes to your finances. Doctors certainly face a set of....

Hiring a financial advisor can be very difficult decision.  Most of the time potential clients come in and think all we do is investments.  I can tell you, good advisors go beyond just investments.  They look at a multitude of financial and personal aspects of your life.  More importantly, they keep you from making moves....

In 2019, you will be able to save more in your retirement accounts! The Treasury Department has announced inflation-adjusted figures for retirement accounts for 2019.  A lot of these changes will help investors stockpile away more for the eventual retirement.  Remember that 2018 IRA contributions can be made until April 15, 2019. Looking at the....

One of the perks of working with a fee-only financial advisor, is we go beyond getting our clients into the right type of disability insurance. We also price shop several different companies along with maximizing all your potential association/employee benefits.  I will cover a few main items you want to look for in a disability....

Dental Student loans have quite the complexity.  Roughly counting there are approximately 9 variations of how you can repay your student loan.  The time frame of repayment is anywhere from 10 years to 25 years.  Student Loans viewed in isolation may seem simple, but in a case of many dentists it proves to be quite....

#1 Max our your 401(k) and Optimize the Investments- The most common advice you will hear is to max out your 401(k).  Do you wish you could ever do more?  You can, having your 401(k)-plan reviewed every 3-5 years is a good way to make sure you have the most cost effective internal expenses on....

When You are a Resident Physician, Don’t Live Like an Attending Physician- This adage applies to everyone but specifically to newly minted physicians “live within your means”, not your extremes. Building good habits around spending often dictates the projection of your wealth accumulation as you age. When you are making $40-$60K try to minimize additional....

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