Author's posts
The doctor’s guide to dividend wealth: Building a resilient portfolio with smart investments
Dividend investing, a strategy centered on generating income through regular dividend payments, holds particular relevance for doctors aiming to build a resilient and diversified financial portfolio. In this guide, we’ll explore the benefits, ris…
What to put in Roth vs. traditional IRAs: It can make big differences
Before diving into the allocation strategy, let’s briefly revisit the fundamental differences between Roth and traditional IRAs. Roth IRA: Contributions are made with after-tax dollars, but qualified withdrawals, including earnings, are tax-free….
How to select the right mutual funds for your goals
As the year comes to an end, it’s time to start thinking about investment allocations for 2024. Many of us own mutual funds. But how do we select the right ones for our goals? Investing in mutual funds is a common strategy for physicians seeking …
How to sell your losing stocks to reduce taxes
Defining tax loss selling Tax loss selling, also known as tax-loss harvesting, is a strategy employed by investors to offset capital gains and reduce their taxable income. This approach involves selling stocks or other securities that have experienced …
3 key things to do before year end to reduce taxes
As the year draws to a close, it is important that we maximize our opportunities to reduce our taxes. Let’s explore three essential moves that doctors should consider before the tax year concludes to reduce their tax liabilities. 1. Contribute to…
Don’t lose your end bonus to the tax-man
As the year draws to a close, many doctors receive year-end bonuses. However, with these bonuses come potential tax implications that can impact the overall financial picture. Understanding the tax landscape Before diving into strategies, it’s es…
4 questions every doctor must ask their financial advisor
Hiring a financial advisor can be a strategic move to ensure your financial health aligns with your professional success. However, the effectiveness of this partnership depends on asking the right questions. In this article, we’ll explore four es…
Fundamental vs. technical stock market analysis: Which one is right for busy doctors?
There are two primary methods that stand out for evaluating securities: technical analysis and fundamental analysis. Both approaches offer unique insights into the financial markets, each with its own set of advantages and disadvantages. Understanding …
How to reduce your taxes as a doctor
Understanding and implementing effective tax planning strategies can make a significant difference in your financial health. Doctors often face unique tax challenges due to their high-income nature, and this article will explore key tax planning strate…
Expertise about a drug doesn’t make you an expert about the stock
As doctors, we are highly skilled in our respective specialties, but when it comes to managing our finances and investments, we may encounter unique challenges. One common pitfall is the tendency to invest heavily in medical stocks or health care-relat…
