Blog
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7 Ways to Reduce Taxable Income for High Earners
7 Ways to Reduce Taxable Income for High Earners If you want to reduce taxable income as a high earner, the short answer is to stack several legal strategies instead of hunting for one magic move. That means maxing out every retirement account you qualify for, using a health savings account, running legitimate business deductions,…
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How Much Money To Retire At 50: Here’s The Real Math
How Much Money To Retire At 50: Here’s The Real Math Most calculators will tell you that to retire at 50, you need somewhere between 25 and 30 times your annual expenses saved up, so if you spend $144,000 a year, that’s roughly $3.6 million to $4.3 million sitting in your investment portfolio. That’s the…
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Disability Insurance For Physicians: What Doctors Need To Know
Disability Insurance For Physicians: What Doctors Need To Know Disability insurance for physicians is a policy that replaces a portion of your income if a medical condition keeps you from practicing in your medical specialty. The good ones pay out based on whether you can still do your job, not whether you could theoretically go…
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How to Avoid Capital Gains Tax on Real Estate Sales
How to Avoid Capital Gains Tax on Real Estate Sales If you want to know how to avoid capital gains tax on real estate, the short answer is that you use the tax code the way it was written, which means the primary residence exclusion if it’s your home, a 1031 like-kind exchange if it’s…
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How Much Does a Dentist Make a Year on Average in the US?
How Much Does a Dentist Make a Year on Average in the US? The average dentist in the United States makes somewhere between $165,000 and $180,000 a year according to the most recent data from the U.S. Bureau of Labor Statistics, and that number swings hard in both directions depending on your years of experience,…
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The 5 Laws of Money Nobody Taught Me in Dental School
The 5 Laws of Money Nobody Taught Me in Dental School The five laws of money are the principles that sit underneath the usual financial rules, and they explain why so many high earners can follow every rule perfectly and still feel stuck. They are: money loves speed, but wealth loves time cash flow keeps…
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Mobile Home Park Investments: The Passive Income Secret
Mobile Home Park Investments: The Passive Income Secret Mobile home park investments are one of the most stable sectors in commercial real estate, and almost nobody talks about them. Residents own their homes but rent the land underneath, which creates steady cash flow, low turnover, and recession-resilient demand that apartments and single-family homes can’t match. I…
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When Do Dentists Retire? The Average Age Keeps Rising
When Do Dentists Retire? The Average Age Keeps Rising Most dentists retire around age 68.7, according to the latest data from the ADA Health Policy Institute. That’s nearly seven years later than the average American, who steps away around 62, and the number has been climbing for over two decades. In this article, I’ll show…
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What a DSO Offer Really Means for Your Retirement Math
What a DSO Offer Really Means for Your Retirement Math Selling a dental practice to a DSO means accepting a buyout from a dental service organization, and the headline number is rarely the number that lands in your account. Between the equity rollover, the employment agreement, and taxes, a $3 million purchase price can shrink…
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Passive Income vs Active Income: What’s the Difference?
Passive Income vs Active Income: What’s the Difference? The main difference between passive income and active income comes down to one thing, your direct involvement. Active income is money you earn by trading your time and effort for a paycheck, like seeing patients or working an hourly wage. Passive income comes from assets you own,…
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Wealth Management for Doctors: What Advisors Leave Out
Wealth Management for Doctors: What Advisors Leave Out You spent over a decade learning how to treat patients, but nobody spent a single day teaching you how to handle the money that a medical career produces. Wealth management for doctors is a comprehensive approach that coordinates your investments, tax planning, student loans, insurance coverage, and…
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What Is Seller Carry Back Financing in Real Estate?
What Is Seller Carry Back Financing in Real Estate? Seller carry back financing is when the person selling a property acts as your lender instead of a bank. You put some money down, and then you make your monthly payments directly to the seller, who holds a note secured by the property until you pay…
