Multifamily Investing for Physicians: Unlocking Financial Freedom and Security

Key Takeaways Multifamily for doctors means physicians can purchase and own apartment complexes or units to generate reliable income outside of medicine. Several physicians select this route to assist in achieving long-term wealth ambitions and minimize risks associated with a single career. Multifamily usually means more stable rent and easier management than single homes. This […]

The Pros and Cons of Private Debt Funds: What Investors Need to Know

Key Takeaways Private debt funds provide a means for investors to provide loans to companies beyond banks and the public markets. They typically offer consistent income and better yields than certain other fixed-income choices. However, risks involve greater illiquidity, large minimum buy-ins, and lighter regulation than public funds. That’s a lot for investors to consider […]

Tax Strategies for Physicians: Maximizing Retirement Accounts and Real Estate Investments

Key Takeaways Physician tax strategies reduce tax bills by leveraging legal methods like retirement plans, business deductions, and strategic investments. Many doctors have a combination of a high income, student loans, and complicated rules. Choosing the right steps can save a ton of money every year. Rules change and the ideal plan depends on income, […]

Self-Directed IRA for Real Estate: A Comprehensive Guide to Benefits, Steps, and Risks

Key Takeaways Think of a self-directed IRA for real estate as a way to invest your retirement funds in the form of real estate — homes, land, etc. This account type provides greater flexibility in what you can invest in, as opposed to normal IRAs which are limited to stocks or bonds. Many choose this […]

Essential Asset Protection Tips for Physicians

Key Takeaways Asset protection for physicians refers to measures to safeguard personal and professional assets from potential claims, lawsuits, or other liabilities associated with medical practice. Physicians can be susceptible to legal claims, malpractice suits, or debt, so explicit planning is essential. Trusts, insurance, and business structures provide additional layers of protection. Knowing the fundamentals […]

The Solo 401(k) Plan: A Wealth-Building Tool for High-Income Doctors

Key Takeaways Solo 401(k) for high income doctors is a retirement plan that allows self-employed doctors or those with side practices to save more money toward their retirement. This plan offers higher contribution limits than most plans, which allows physicians to reduce taxes and accumulate wealth more quickly. Solo 401(k)s provide flexible investing options and […]

Private Equity and Physician Practices: Navigating the New Landscape

Key Takeaways Private equity investing for doctors refers to doctors investing some of their funds into private companies, typically not publicly traded. Many doctors pursue these investments for the opportunity to build wealth beyond their standard paycheck. Private equity can provide greater returns, but it typically involves more risk and less control over the funds. […]