In addition to advising medical nonprofits, another major focus of MEDIQUS is providing financial services to individual physicians. Here’s a good snapshot of how that can look… Meet Bob & Dr. Pam Smith* Bob Smith and his physician wife Pam (not their real names) were living on the west coast with their two children.  Pam

A common experience for many physicians is that despite earning significantly more than they did during their training years, they are still living paycheck to paycheck. Many physicians struggle financially through medical school, residency, and for some, a fellowship. Salaries are modest, cost of living can be high, and many are burdened with student loans.

Here’s How Health Savings Accounts Offer a Triple Tax Benefit One of the greatest benefits of being covered under a High Deductible Health Plan (HDHP) is the ability to save into a Health Savings Account (HSA) and receive tax-preferred treatment on money saved for medical expenses. Specifically, HSAs provide a triple tax benefit. Contributions are

How much money do you need to retire?  That’s the hot topic of discussion among physicians across the country.  Many of them use online tools, some simply make a guess based on what their colleagues or relatives have done, while still others follow what they have read or seen in various financial media.  Unfortunately, these

As you approach retirement, one of your key decisions will be when to begin receiving Social Security benefits. It is not an easy call, and the answer usually depends on your personal circumstances. Retiring early means more payments since you are starting to receive them sooner, but a smaller check each month for the remainder

Children who benefit from trust funds have frequently been portrayed unfavorably in the news, movies, and on television over the years. Often referred to as “trust fund babies,” they have been stereotyped as coming from extreme wealth. In reality, trusts can be a very powerful estate planning tool designed to safeguard your children in the

Owning a home or purchasing an investment property are common goals for physicians, as it can be a useful tool to build wealth for themselves and their heirs. There are many ways to hold title to real property, which is defined as land, and anything built on it. However, the way in which real property

With the current estate tax exemption amount for an individual at $12.06MM ($24.12MM for a married couple), it may seem unlikely that your heirs will need to pay estate taxes under the current tax law. However, this law is expected to sunset at the end of 2025, with the exemption reverting to an inflation-adjusted amount