No one likes paying more taxes than they’re legally required too. It doesn’t make you any more patriotic. You don’t win an award or get any special treatment. Unfortunately, depending on what state you live in will determine how much you are forced to pay.
How do you work with a financial advisor virtually? Can you really have a valuable and personable relationship with an advisor located halfway across the country? With PharmD Financial Planning, you can!
Having to pay additional premiums for Medicare Part B & D coverage can be a financial drag. Especially if you find yourself in a situation where your income has dropped significantly. Lucky for you, there are remedies available through the IRMAA appeal process using form SSA-44.
Retirement freedom is a great goal to achieve in your golden years. However, retirement freedom is a term that can have many different meanings and used in a number of different ways. I like to define retirement freedom as "having the freedom from doing that which you dislike, while also having the freedom and resolve to purse your best life, at your own discretion."
Getting ready for retirement can be an overwhelming task for many people. Just when you think you've got everything figured out, a random issue always seems to pop-up. Income-Related Monthly Adjustment Amount (IRMAA) is one of these common issues pre-retirees run into. However, its usually a pain point they experience after the fact
Early retirement for many pharmacists would be a phenomenal goal to achieve. Especially if you are getting to a stage in your career where you feel burned out and unmotivated (see Retail Pharmacy). However, it can seem like a daunting decision to retire from your job much earlier than you had originally anticipated.
2021 has brought wild speculation about tax law changes that have turned the world of financial planning into a sea of uncertainty and doubt. It started back in April of 2021 when the Biden administration first proposed new legislation that would change the tax landscape dramatically. That bill proposed retroactive changes to capital gain tax brackets, increases to ordinary income tax brackets, and changes to certain tax credits. To make matters more confusing, in September of 2021, newer proposals were introduced that were much different than what was considered in April. Now what most believe will be the final bill of text (with some minor changes) being introduced in later October, where do pharmacists need to be focusing their attention? What is staying, what is changing, and how can pharmacists prepare themselves before the end of the year.
Did you know you could begin taking withdrawals while still working? If this is something you're considering, here's what to know right now.
Rental real estate investing has been a great source for side income and wealth diversification. But it doesn't come without it's fair share of heartache. In this PharmD blog, learn about what all new real estate investors should be aware of as they move into rental real estate investing for the first time.
Aligning your core values with your human capital is the single greatest financial decision you can make. It's a way to live your life on purpose and really focusing your life efforts on what is important most. But it can be hard to identify what our human capital is. In this blog, I dive into the 4 most important kinds of human capital.
Summer is full of fun. Summer vacations, travel, wedding, etc. It seems like it doesn't take long for weekends to fill up. But with increased activity comes more spending. So how can you get back on track financially after a summer of spending? We've got you covered!
Money is a tricky subject. Especially when you're tasked with sharing that reasonability within a family dynamic. Communication, honesty, and forgiveness are all important traits in making financial wellness a reality. To learn more, take a look at how to talk to your spouse about money.