by tarawestlund | 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 $61,200 to a...
by tarawestlund | Apr 21, 2020 | Blog, Insurance
By: Noel Roach 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 especially be a...
by tarawestlund | Apr 8, 2020 | Asset Protection, Blog, Insurance, Investment, Recruiters, Residents, Tax
By Terry Westlund, Co-Founder of Financial Designs, Inc. This blog was written on 4/9/2020. Information is changing frequently. We will do our best to update this blog as needed. As an independent contractor (1099) medical professional, you may be wondering how to...
by tarawestlund | Jan 2, 2020 | Asset Protection, Blog, Insurance, Investment, Residents, Tax
By Terry Westlund, Co-founder of Financial DesignsIt’s January – the start of not only a new year but a new decade. Many of you have made or thought about making resolutions. There is probably another sub-set of readers who might have pushed that to the bottom...
by tarawestlund | Dec 19, 2019 | Blog, Insurance, Investment, Recruiters, Residents, Tax
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 opportunities the 1099...
by tarawestlund | 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...
