Skip to content 
7 Ways For High Income Families To Pay For College
As a physician, you’ve likely spent years paying off your student loans. Now, with your children’s education on the horizon, you’re likely thinking about ways to save for and pay…
Search Results for: pay yourself last – Page 3
Refinancing for Retirement: How to Sort Out Your Student Loans
…It was then that my $300-a-month payment grew to $500 per month, because I hadn’t been paying down the interest each month. That was 31% of my paycheck! And now…
Which Assets Should You Spend First in Retirement?
…Equal Periodic Payments program. This is when you want to raid your retirement accounts before age 59 1/2 without paying the 10% withdrawal penalty. Once you start the program, you…
Spend $200K in Retirement and Pay $0 Income Tax
…Dr. B can have a no-tax retirement. In some cases, an early retiree with a net worth in the millions can actually be “paying negative income taxes” or getting a…
8 Physician Side Gigs to Increase Your Earning Potential
…with short notice. Locum Tenens Pay Can be Bested Locum work can be financially rewarding with hard work. But, it may not match the pay of experienced salaried physicians in…
A Scam Victim Tells His Story: All That Glitters is Not Gold
…payment. I have never used Cash App before but upon researching it I realized that this method of payment would eliminate my security blanket of fraud protection that Facebook PayPal…
10 Tax Strategies for High Income Earners: Avoid the Tax Man
…you’re paying too much to the tax man. High-income earners understand that their biggest expense during their lifetime is taxes. No one wants to pay more in taxes than they…
The Pentamillionaire Physician: Your Roadmap to Achieving $5 Million Net Worth
…to make monthly payments of approximately $5,940 to pay off the loan in three years. This would result in a total interest payment of around $33,450. This would require about…
5 Ways to Use Extra Cash Flow
…two most common methods to pay down debt. Many choose the debt snowball method where you pay off your smallest debt first while paying the minimum on others. Once that…
How to Optimize Inheritance to Your Children
…is not cost-effective to convert too much into a Roth IRA and pay significant taxes now when your heir pays less in taxes later. You can see that they do…
Is Medical School Worth the Cost?
…of residency) after college. That’s at least seven years until you will start receiving actual doctor paychecks that will make a significant dent in paying back those loans. I genuinely…
Advantages of a Taxable Investing Account
…Microsoft, for instance, didn’t pay out dividends for years. Warren Buffett’s company, Berkshire-Hathaway, also doesn’t pay a dividend. So you don’t pay taxes until you sell. You can defer your…
Financial Implications of Leaving a Military Medicine Position
…Additional Special Pay, Variable Special Pay, Board Certified Pay, and Incentive Special Pay. Add it all up. Now, adjust for taxes. This is so personalized, it is hard to apply…
A Rare Tax Break for the Wealthy: The 529 Account
…and reduce her taxable estate to $5 Million, eliminating the possibility of paying hefty taxes on that $1.5 Million of her estate. Why You Should Not Plan to Pay…
The 4% Rule, HSAs, and Healthcare Costs in Retirement
…you. Today’s post focuses on paying for health care after Medicare kicks in. As we’ve learned here before, Medicare is anything but free, despite being heavily subsidized by you, the…
Student Loan Repayment Resources for BIPOC Physicians
…will pay part or all of the leftover interest. PAYE: Pay As You Earn (PAYE) is similar to REPAYE, but has a few differences. While payments are similarly capped at…
The Brutal Tax Treatment of Widows and Widowers
…pay the taxes. Who? You, your spouse, or your kids? Do you and your spouse want to pay the taxes, or leave them for the kids to pay? What about…
How The White Coat Investor’s Children Will Pay for Their College
…Will Pay For Their College Notice how I didn’t title this post “How I Will Pay….” I want my children to take ownership of their own education and the…
Bilt Rewards Review: A Breakdown of Bilt Rewards Points Value
…payments. Does paying the rent with Bilt build your credit? Renting from Bilt Alliance comes with the convenient option of getting your monthly rent payments automatically reported to credit…
14 Reasons Why the White Coat Investor Doesn’t Want You to Retire Early
…a year for 20. For example, a married tax-payer making $100,000 a year and taking the standard deduction pays $9,024 in taxes. The same tax-payer making $200,000 a year pays…