Challenges and Considerations for Doctors in California

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This chapter discusses the difficulties doctors in California face due to high taxes and a high cost of living. It suggests alternative states that may offer better financial opportunities and advises healthcare professionals to make informed decisions. The chapter also includes a reference to a column about Washington and concludes with a sponsor ad for Laurel Road.

Today we tackle your questions about renting out a property, buying a house, estate planning, and the home office deduction. We also talk about a new potential long term care insurance tax in California, much like the tax in Washington State. We also have one of our real estate partners on to update you about what is going on at MLG and to help answer a few of your questions.

Laurel Road is committed to serving the financial needs of doctors. We want to help make your money work both harder and smarter, which is why we offer a 5.00% Annual Percentage Yield † on our High Yield Savings accounts. A Laurel Road High Yield Savings account comes with zero costs to open and no monthly account fees. † Whether you’re saving for an emergency fund or planning your next big purchase, you can keep building your savings and access your funds whenever you need them. For terms and conditions, please visit https://www.laurelroad.com/wci. Laurel Road is a brand of KeyBank N.A.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

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