WCI #318: 1099 Income and Locums Docs

Published: June 8, 2023, 6:30 a.m.

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Today we answer a handful of questions from docs who are interested in, or are currently doing locums. We talk about who locums might be right for and if people with a family can make it works as a career. We answer a few questions about 1099 income and how to structure your retirement savings if you are a 1099 worker, and what to do if you miss the deadline to set up a solo 401(k). We also tackle a question about iBonds in 2023.

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 4.80% APY,\\u2020 on our High Yield Savings accounts. A Laurel Road High Yield Savings account comes with zero costs to open and no monthly account fees.\\u2020 Whether you\\u2019re 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 www.laurelroad.com/wci. Laurel Road is a brand of KeyBank N.A. All products are offered by KeyBank N.A. Member FDIC. \\xa92023 KeyCorp\\xae All Rights Reserved.

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 for 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 channel is for you!

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