Unlike other professionals, most doctors don’t have the option of increasing their earnings to make up for losses after a divorce. Financial recovery will take time and good planning, especially with new costs such as spousal support.
Now is not the time to panic. Dr. Mark Soth, the man behind the physician finance blog Loonie Doctor, discusses how the pandemic hit doctors’ incomes and what he tells physicians about saving for retirement.
There is no question globally there is a powerful movement towards passive (index) investing and the use of exchange traded funds (ETFs) as an investment vehicle to access those indices. The question is why is this happening? First, we must review the "what."
Conventional wisdom is to avoid realizing capital gains in order to defer taxation as long as possible. However, there are some times when harvesting the capital gains in a corporate investment account could actually defer tax even more.