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Matt
More cash in hand might sound good in the short term, but consider the sacrifice you'll be making over the long-term. Remember, residency and fellowships are only a brief part of your medical career. If you decide now to play the long game when it comes to paying back student loans, you'd be wise to start making those payments now.
Many of us have a list of places we would love to visit. We are blessed to live in a world with beauty worth seeing and intriguing history to learn, but all too often clients worry the expense of these trips will break the budget. Find out how to travel the world without spending money.
529 plans have traditionally been about the future. While using them in the present is now possible, it limits the plan's inherent tax benefits and you may be unwinding what you prepared for college. With college tuition rising on an annual basis, we cannot afford to let the use of a 529 plan in the present replace what it was initially designed to do.
83% of physicians under age 40 claim that they have unique or more complicated financial needs than other professions. I believe this to be true as well, but you have to find the time to address the unique or more complicated financial needs – otherwise you’ll resort to a “get rich quick” scheme in later years because it will be too late to fix.
There is a little known loophole for making larger gifts without affecting the lifetime gift exclusion.
