Paying back Loans, Re-financing, etc from a starting attending...
Hi guys and gals,
I just graduated from residency and will be starting my new job in FM. My wife does not work at this time but will be doing so (she is a non-physician; once she starts work, anticipate 30-40k/yr for her). My salary will be roughly 248k/yr, anticipate losing half in taxes. I've been reading the WCI book @The White Coat Investor which has been helpful. I'm just feeling very...daunted with the task of paying back these loans. Any insight or advice is...
Paying back Loans, Re-financing, etc from a starting attending... (Source: Student Doctor Network)
Source: Student Doctor Network - August 16, 2016 Category: Universities & Medical Training Authors: HopingFM Source Type: forums
FY1 pay after taxes
Forum: Current Medical Students and Doctors
Posted By: kofte
Post Time: 12-08-2016 at 21:32 (Source: The Student Room)
Source: The Student Room - August 12, 2016 Category: Universities & Medical Training Source Type: forums
FY1 pay after taxes
Forum: Current Medical Students and Doctors
Posted By: kofte
Post Time: 12-08-2016 at 21:33 (Source: The Student Room)
Source: The Student Room - August 12, 2016 Category: Universities & Medical Training Source Type: forums
should I take out money from 401k during residency
Hey guys, I'm currently a PGY-II radiology resident (making ~65k). My intern program last year put ~$4000 into our 401k account. I'm considering taking this out now because I'm probably at the at the lowest possible tax bracket in my lifetime. Even with the 10% penalty, I still project that I'll pay more in taxes after retirement probably. What do you guys think? (Source: Student Doctor Network)
Source: Student Doctor Network - August 6, 2016 Category: Universities & Medical Training Authors: hantah Source Type: forums
2 months wage (full time). Will I be taxed?
Forum: Part-Time and Temporary Employment
Posted By: RichardR21
Post Time: 29-07-2016 at 18:46 (Source: The Student Room)
Source: The Student Room - July 29, 2016 Category: Universities & Medical Training Source Type: forums
Am I going to get taxed on my first full wage?!
Forum: Money and finance
Posted By: RichardR21
Post Time: 29-07-2016 at 18:49 (Source: The Student Room)
Source: The Student Room - July 29, 2016 Category: Universities & Medical Training Source Type: forums
Why does everyone say med school is expensive?
Is it really? Their tuition according to MSAR seems comparable to undergrad schools. Why do people stress about loans? For an applicant with no undergrad loans, is it still stressful financially? I feel like I'm missing something…also, if your parents offer to pay but are each earning ~90K per year, will it still be hard to pay for the entire med school without any loans? I'm asking because I honestly don't know much about taxes and how it works :/ (Source: Student Doctor Network)
Source: Student Doctor Network - July 21, 2016 Category: Universities & Medical Training Authors: bluepeach9 Source Type: forums
What is 401K
If you could please take the time to help out your fellow SDNer:
1. Explain to me like I'm five what the heck is a 401K.
2. How much should I invest in a 401K
3. How much do I need to invest in order for me to "break even" when it comes to filing taxes
4. If the stock market is not doing well will my 401K be affected?
5. What is a IRA roth and am I allowed to open one?
I been researching the internet but all signs seems to point to YES YOU SHOULD INVEST IMMEDIATELY!!!!! But to...
What is 401K (Source: Student Doctor Network)
Source: Student Doctor Network - July 20, 2016 Category: Universities & Medical Training Authors: RealRX Source Type: forums
Summer Job Taxes: On Basic Rate All Summer
Forum: Part-Time and Temporary Employment
Posted By: Houmark47
Post Time: 12-06-2016 at 22:11 (Source: The Student Room)
Source: The Student Room - June 13, 2016 Category: Universities & Medical Training Source Type: forums
MEDNAX buy out--stay or go
My group is being bought out by MEDNAX. They offered me about 1/3 the buy out the partners get (more like 1/4th after taxes) if I sign a five year contract. I've worked with the group for almost a year. Do I stay or run like hell? I have no strong ties to the geographic location. (Source: Student Doctor Network)
Source: Student Doctor Network - June 5, 2016 Category: Universities & Medical Training Authors: Mountainman12 Source Type: forums
What is the stipend amount AFTER taxes?
Currently the living stipend is $2122/month. Assuming that the figure remains the same in the coming months, can someone please tell me what taxes are on it (federal/state and percentage)? I'd just like an estimate of what my living resources will be when I commission. I am a CA resident.
Thank you. (Source: Student Doctor Network)
Source: Student Doctor Network - May 10, 2016 Category: Universities & Medical Training Authors: scvpredent Source Type: forums
Dental Practice Budget
Could anyone give me an estimation of how much it would cost to build a dental practice? Construction and equipment fees etc.
Here are the specs being looked at currently:
Shopping plaza in middle class area.
1200 sqft
2520 per month including taxes and fees.
Looking to put on 3 ops and a small lab. Also looking at digital X-ray system and computer software. Doesn't have to be super fancy and high end everything but it has to be presentable. I know there are many variables when it comes...
Dental Practice Budget (Source: Student Doctor Network)
Source: Student Doctor Network - May 6, 2016 Category: Universities & Medical Training Authors: bb2014 Source Type: forums
tax bracket
hi, its that time of year when i have boosted interest in taxes..
i wonder if anyone knows in the 28% tax bracket (or 25%, whichever one belongs), is that all inclusive of:
-FED Withholding
-FED MED/EE
-FED OASDI/EE ??
OR is the 28% tax a person owes just the FED withholding? (Source: Student Doctor Network)
Source: Student Doctor Network - May 2, 2016 Category: Universities & Medical Training Authors: sosoo Source Type: forums
MSc in Taxation at University of Oxford
Forum: Law
Posted By: symba10
Post Time: 25-04-2016 at 12:21 (Source: The Student Room)
Source: The Student Room - April 25, 2016 Category: Universities & Medical Training Source Type: forums
Budgeting help
No meaningful financial advice help at my school so I was hoping to get some advice from those who have done it or have been successful on how to budget PGy1 resident salary and beyond
120k loans -- mostly medical school and all federal without any grad plus loans
Assuming 51k resident salary which I would expect to see 80% after taxes leaving ~41k, how much should go towards disability, life insurance, retirement, etc?
Any thoughts if I should go the way of forbearance or another type...
Budgeting help (Source: Student Doctor Network)
Source: Student Doctor Network - April 12, 2016 Category: Universities & Medical Training Authors: wonderbread12 Source Type: forums
