Author: ritterbandadmin

A Step-by-Step Guide to Forming a Physician Corporation  As a physician, you have either just signed with a contract group, or you have decided to do some shifts as a Locum Tenens. There is a chance that your contract group will require you to be an employee, but that is not often the case. Now… Continue reading Putting Together A Physician Corporation

Congratulations now that you’ve finished your internship and residency programs after graduating from medical school. Now, you’re officially ready to reap the financial rewards of all your hard work. Here’s a secret no one has told you yet: this is the moment your financial decisions will affect the rest of your life, at least the… Continue reading 3 Ways To Save Big Money As Soon As You Graduate From Residency And Start Your Private Practice

6 Easy Ways Independent Contractor Physicians Can Secure Early Retirement Funds   As an Independent Contractor Physician, when you are at work, you are in complete control. In order to obtain that same complete control for the rest of your life, you need to first take a hard and detailed look at your finances. This means understanding how you’re making your income, how it’s being paid to you… Continue reading 6 Ways For Independent Contractors, Physicians, And Employees To Save Money, Protect Assets, And Save For Retirement

The most severe consequence of failing to properly establish oneself as a business as an independent contractor physician is the annual overpayment of income and self-employment taxes. Making the decision to incorporate not only reduces your annual tax burden but significantly increases the amount of retirement savings you can set aside each and every year.    As… Continue reading Reduce Self-Employment Taxes and Increase Retirement Savings