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.
Residents in their final year had prepared to write their certification exams[1] this spring. Then the pandemic struck. Now, with exams delayed until at least the fall, recent resident graduates are having to make some changes. In addition to having to adjust for the new exam timing and all that goes along with that, many are dealing with financial impacts as well.
