by Michael: Financial Advice for Early-Career Physicians | Dec 29, 2024 | Early-Career Physicians, Student Loan Planning
Introduction Navigating the world of student loan repayment can feel like solving a puzzle. Whether you’re trying to navigate Old IBR, New IBR, PAYE, or ICR, eligibility often boils down to the date you took out your loans and your borrowing history. Here’s a...
by Michael: Financial Advice for Early-Career Physicians | Dec 28, 2024 | Early-Career Physicians, Student Loan Planning
Introduction If you’ve been following recent updates in the student loan repayment landscape, you may have found yourself enrolled in the new SAVE (Saving on a Valuable Education) plan, only to realize it may not be as beneficial for your long-term repayment strategy...
by Michael: Financial Advice for Early-Career Physicians | Nov 8, 2024 | Early-Career Physicians, Student Loan Planning
Introduction Navigating the tax implications of student loan interest can be confusing, especially with multiple eligibility rules and income limits. Here’s a guide on how the student loan interest deduction works, how it affects your Adjusted Gross Income (AGI),...
by Michael: Financial Advice for Early-Career Physicians | Nov 7, 2024 | Early-Career Physicians, Student Loan Planning
Introduction Are the election results not quite what you were hoping for? Sitting there staring at a mountain of federal student loans and wondering if maybe…just maybe…leaving the country is the answer? Hey, I say, go for it! (Alright, alright, mostly joking...
by Michael: Financial Advice for Early-Career Physicians | Nov 6, 2024 | Early-Career Physicians, Student Loan Planning
Introduction As early-career physicians, managing student loans while navigating the demands of your profession can feel overwhelming. However, if you work in a qualifying public service role, such as a government or nonprofit healthcare job, Public Service Loan...
by Michael: Financial Advice for Early-Career Physicians | Sep 30, 2024 | Early-Career Physicians, Financial Planning, Tax Planning
Introduction Taxes can feel complicated, especially when you realize that your effective tax rate is lower than your marginal tax rate. Many people believe they’re taxed at a single rate, like 24%, but in reality, the tax system is more complex. This...
