Hopefully, your parents will live long, healthy lives. If they do, you’ll likely see the pendulum swing as they age and find yourself caring for the people who once took care of you. When a nursing home isn’t an option, many people find themselves moving their parents in with them and taking care of them … Read more
You became a doctor so you could help people but, honestly, the money doesn’t hurt either — until tax time. As someone who makes a good living, you’re also someone who can acquire a hefty amount of tax liability throughout the year. Fortunately, there are many things you can do to reduce that liability, giving … Read more
We’re not going to sugarcoat it: 2020 was a tough year. Even the best budgeters and savers found themselves struggling, and many had no choice but to dip into their retirement funds just to survive. Ordinarily, taking early distributions from your retirement plan means paying hefty fees and penalties at tax time. But there’s nothing … Read more
Death and taxes may be the only two sure things in life, but you can at least get some wiggle room on your taxes. You can achieve breathing room on your taxes through tax deductions, which let you use certain expenses to lower your income and therefore your tax liability. The concept itself is quite … Read more
