Balance transfers can be a way to manage credit card debt.Low salaries and high expenses during a residency can lead to accumulation of credit card debt. Physicians are often faced with high credit card interest payments as a result of their time in residency. Our...
Mega Backdoor Roths are a retirement savings strategy that allows individuals to contribute more to their traditional 401(k) or 403(b) plans beyond the annual contribution limits. These excess contributions are then converted to Roth accounts, providing potential tax-free growth and withdrawals in retirement. This strategy...
A simple, and usually quick, process of selecting a beneficiary for your accounts can help you avoid a messy estate situation. Selecting beneficiaries ensures that your assets (money, property, or other valuables) are transferred to the person or organization you intend after your death.Avoid ProbateAssets...
Target Date Funds (TDFs), also known as lifecycle or age-based funds, are a unique investment option designed specifically for retirement. They have become popular because they allow the investor to simply choose the fund that aligns with their expected retirement year, and the money will...
A Guide to Protecting Your Loved Ones and AssetsIf something were to happen to you, would your spouse or executor have access to what they need? In the midst of life's busyness, it's easy to overlook the importance of organizing your legal documents. However, being...
In today's financial landscape, credit cards offer more than just a convenient way to pay for purchases—they can also be powerful tools for earning benefits. Whether it's cash back, travel points, or other perks, savvy consumers can make the most of their credit cards by...
Student loan debt is a heavy burden for many Americans, but relief is available for those who qualify for forgiveness programs. Two prominent options are Public Service Loan Forgiveness and Income-Driven Repayment forgiveness. Understanding the differences and requirements of each is important for borrowers seeking...
Loan planning with Axias Wealth AdvisorsFrom student loan forgiveness to reducing tax drag on investments, Axias Wealth Advisors understand the unique challenges and financial planning needs of physicians. As they start saving later than their peer group, face higher tax rates than many others, worry...
If you feel like you’re woefully uninformed on credit scores, don’t sweat it. It’s not the most exciting thing in the world and it’s understandable if your eyes tend to glaze over when the topic comes up. There’s a good chance you’ve never even checked...
How do you weed through the wide variety of insurance options and determine what is necessary for you? There are many different types of policies covering just about anything you can think of, from cars and homes to fantasy sports betting and spoiled food due...