Resident physician tips on optimizing loan forgiveness
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Dr. Mark Ard is a resident psychiatrist who finished medical school with roughly $330,000 of debt.
Learn how he\\u2019s working toward Public Service Loan Forgiveness, how refinancing his loans has helped him and what his tips are for optimizing loan forgiveness.
In today\\u2019s episode, you\'ll find out:
- Mark\\u2019s background and education journey as a resident psychiatrist
- His family situation and how it\\u2019s affected his student loan repayment
- How he\\u2019s approached retirement accounts and buying a house
- Why purchasing a home is usually not the best decision for someone in residency
- How moonlighting has affected recertification with Public Service Loan Forgiveness
- How the breadwinner loophole can help people in community property states
- Why tax accountants might not know to equally distribute your income in you live in a community property state
- How much the breadwinner loophole can save someone on student loan payments
- How Mark refinanced his student loan debt
- How cashback bonuses with refinancing companies work
- How consolidating right after graduation can give medical students $0 payments their first year out of school
- Why putting loans in deferment or forbearance right out of school isn\\u2019t the best idea
- How a solo 401(k) could help someone with 1099 income
- Why life insurance and disability insurance are so important
- Mark\\u2019s long-term plans when it comes to retirement
- His advice for other residents entering student loan repayment
Full show notes at: http://studentloanplanner.com/28\\xa0
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