Money Minutes For Doctors

“The credit card: a helpful, useful, sometimes essential, occasionally financially devastating tool that occupies a major place in many families financial picture. This month we take a hard look in part one of our two part series on the credit card and how it may be used to bolster one’s financial foundation.”

Doctors: Love & Money

Key Questions for you and your partner that will keep your financial relationship on steady ground:

(1) What is your relationship to money? Do you like to spend or save?

(2) How do you feel about debt? Credit card, mortgage, student loans, etc.

(3) What is your investment philosophy?

“…Estate Planning for Doctors – Part I

Currently all assets at the time of death are subject to state estate tax (aka inheritance tax - most states have them but not all!) and federal estate tax

- Currently federal estate tax does not apply until estate value exceeds…

It has been said that the average taxpayer shouldn't be embarrassed about not fully understanding taxes. Quite frankly, who really does? Earned Income Tax Credit, multiple exemptions, filing deadlines ~ head scratchers for most, but we are here to help! To help guide us off of the dock and into the ever shifting waters of our tax code is our professor of finance, Ms. Katherine Vessenes, JD, CFP®, RFC, Founder and President of MD Financial Advisors….

This month we tackle the topic of inflation, the elephant in the room in any discussion on what your money can do for you long term. What is inflation? It's an economics term that means you have to spend more to fill your gas tank, buy a gallon of milk, or get a haircut. In other words, it increases your cost of living. Enjoy a deep dive on this incredibly important topic with Ms. Katherine Vessenes, JD, CFP®, RFC, Founder and President of MD Financial Advisors.

The old adage for Rhode Island’s ever shifting weather patterns goes, “if you don’t like the weather, wait 5 minutes.” The same can be said about the tax code Presidential administration to Presidential administration. As the country has experienced another change in the breeze, expect the seas to shift measurably. Will you be ready for the wind shift? Our navigator, Ms. Katherine Vessenes, JD, CFP®, RFC, Founder and President of MD Financial Advisors, is back to talk about what may be coming and how to be ready.

The human devastation of COVID-19 is without peer…but the economic effects are not close behind. In this episode we discuss how the novel Coronavirus has altered the world’s financial landscape and how to survive the veritable hurricane that is currently ravaging the global economy. Without question, the steps we take now will help us survive into the future (physically and financially). Here to discuss the emerging and ever changing financial reality is Ms. Katherine Vessnes.