by Financial Designs | Apr 28, 2020 | Blog, Insurance, Investment, Residents, Tax
By Katie Bennett, ChFC® Congrats! After years of hard work, little sleep and lots of determination, you have finished medical school and residency, and your paycheck finally reflects a physician’s salary. The jump from the average residency pay of $67,400 to a...
by Financial Designs | Apr 21, 2020 | Blog, Insurance
By: Katie Bennett, ChFC The inevitability of death is never fun to talk about. However, to ensure a well-thought-out financial plan, you must take the time to consider what will happen to your finances when you (or your spouse) pass away. Life insurance should...
by Financial Designs | Dec 19, 2019 | Blog, Insurance, Investment, Recruiters, Residents, Tax
By Terry Westlund, ChFC® As an independent contractor (1099) physician, there can be a lot of moving parts to managing your taxes and overall finances. Sometimes it’s hard to decide where to start. See our top tips below to ensure you are maximizing the unique...
by Financial Designs | Jul 30, 2019 | Blog, Recruiters
By Terry Westlund, ChFC® Recruiting medical professionals can be tough, and the benefits and salary conversation can sometimes be tricky. In a previous blog, we covered the financial benefits of recruiting to an independent contractor position (aka 1099). See below...
by Financial Designs | Jun 20, 2019 | Blog, Recruiters
By Terry Westlund, ChFC® Recruiting physicians can be tough whether you are a healthcare recruiter, a physician responsible for building your team, or an administrator. When the conversation turns to benefits and pay for an independent contractor position (aka 1099),...
by Financial Designs | May 22, 2019 | Blog, Insurance, Investment, Tax
By John Golway, CPA and Founder of Financial Designs Tax Services, LLC One of your biggest, hairiest bills is likely Uncle Sam. And as an independent contractor, there are some moving parts to your tax planning; however, it also means you can dramatically save in...
