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The Physician Contract: What Doctors Need to Know

August 15, 2019 By Katie Brewer

physician contract signing

Your physician contract that comes with a new job is critical to your future career, but you might not be as familiar with what to look for as you should be. Lawyer James Dockery has represented physicians and dentists for nearly 20 years and has some insight into what you’ll likely come across on your contract. Physician Contract - What to Review When you’re a brand new doctor just out of Continue Reading

Filed Under: Physicians Tagged With: doctor contract, doctor finances, doctors, physician contract

Should You Retire Early?

August 1, 2019 By Katie Brewer

Early retirement

Many people think of retiring early as something that would be nice, but isn’t realistic. However, more and more professionals are leaving work sooner and getting a jump on retirement. A common phrase you might have heard about this is the FIRE movement - also known as “financial independence, retire early.” It packs a lot of appeal, but there are some serious considerations you should make before Continue Reading

Filed Under: Retirement Planning Tagged With: early retirement, retirement

How Physicians Can Choose the Best Financial Planner

July 8, 2019 By Katie Brewer

physicians choose financial planner

Physicians have financial needs that are different from professionals in other fields. Depending on your specialty, you might work mostly on contract, for a hospital or for the government. That, coupled with student loan debt you likely have from medical school, makes for a unique situation that shouldn’t be handled with a one-size-fits-all approach. You’ll know it’s time to think about getting Continue Reading

Filed Under: Financial Planning, Physicians Tagged With: doctor financial planner, doctor money, financial planner physicians

What to Consider Before You Upsize Your Home

June 19, 2019 By Katie Brewer

  Upsizing your home is a big decision, and it comes with a lot more complications than just finding the right place. Before you start the house hunting process, make sure a bigger home is really the right fit for you and your family. Here are some factors to consider before you make the move: Do you really need to upsize your home? It can be easy to start dreaming of a bigger home Continue Reading

Filed Under: Buying a Home Tagged With: buying a house, house hunting, moving, upsize home

Involving Your Family in Financial Planning

May 17, 2019 By Katie Brewer

  In many families, money isn’t talked about much. According to this survey, 36 percent of Americans are uncomfortable talking about money. Eighteen percent say money isn’t talked about in their family. The benefits of involving the whole family in money discussions are numerous. It can help set your kids up for a healthy future relationship with money. If you’re not already treating your Continue Reading

Filed Under: Family Tagged With: family, family financial planning, kids

College Savings 101: The Downsides of 529 Plans

April 30, 2019 By Katie Brewer

529 plans

  529 Savings plans are the most popular college savings methods, and with good reason. There are so many good reasons to use 529 plans to save for your child’s education, like: Investments are tax-deferred, meaning your withdrawals will be tax-free 529 plans earn interest, similar to mutual funds Contribution limits are high You can invest automatically with monthly Continue Reading

Filed Under: College Planning Tagged With: 529 plans, college savings

Why Physicians Need Disability Insurance

April 19, 2019 By Katie Brewer

If you rely on your income to support yourself and your family, disability insurance is a smart investment. More than half of the people in the U.S. workforce don’t have any disability insurance coverage, but one in four of today’s young workers will become disabled before retirement. If you did become disabled and weren’t able to work, a disability insurance policy would provide a monthly Continue Reading

Filed Under: Insurance Tagged With: disability coverage, disability insurance, physicians

How Decluttering Can Save You Money

March 27, 2019 By Katie Brewer

Harnessing the spirit of spring cleaning - and the popular “spark joy” mindset - can actually save you money. Clutter has all kinds of negative effects, like lower cognitive functioning, feeling stressed, and making poorer diet choices. Clutter costs you more than just money, but your financial health can definitely be impacted, too. If you need more motivation to get decluttering, here are Continue Reading

Filed Under: Career & Lifestyle Tagged With: decluttering, organization, spring cleaning

Tax Tips for Easier Filing

March 11, 2019 By Katie Brewer

Nothing says “happy spring!” quite like tax time. If that looming April 15th deadline gives you a headache, you’re not alone. But it doesn’t have to be so overwhelming. The best way to tackle your taxes is to take them one step a time. Here is a roundup of my top tax tips to help you cruise through tax season a little easier: Gather Your Documents Whether you’re doing taxes on your own or Continue Reading

Filed Under: Tax Tagged With: filing taxes, lower tax bill, refund, save money on taxes, tax refund, tax tips

Personal Finance Habits of Successful High-Income Earners

February 25, 2019 By Katie Brewer

Earning a high income doesn’t make you an automatic success with money. Bringing money in is just one part of the equation. The second part is actually keeping and growing that money. Overextended lifestyles, spending without a plan and failing to consider the long term are just a few of the common enemies of a healthy financial life. There are certain traits that high-income earners with a Continue Reading

Filed Under: Financial Planning Tagged With: financial planning, good money habits, high income earners, money habits, money success, personal finance habits

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Katie Brewer, CFP® is a Dallas, Fort Worth, and online fee-only financial planner with over 15 years of experience. Her passion is helping clients get their financial lives in order to start living their richest lives.

Your Richest Life is a Fee-Only financial advisory firm providing honest and independent financial advice. Our clients, the members of Generations X and Y, have a different relationship with money than their parents did.

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