I am a certified registered nurse anesthetist employed at an academic medical center in a major metropolitan city. I also work in numerous private practice settings. In 2014, I graduated from a nurse anesthesia program with over $130K in student loan debt. I don’t have any credit card debt. I rent. I’m a classic HENRY: high earner, … More Welcome
Whether you work as a sole proprietor, single-member LLC, or S-Corp, you will be subject to paying self-employment taxes. Self-employment taxes consist of a 12.4% Social Security tax on income up to an annual income ceiling ($128,400 for 2018) and a 2.9% Medicare tax not subject to any ceiling. All said and done, you’re responsible … More Understanding Self-Employment Taxes
For those who are considering entering private practice either as a full time, part time, or moonlighting basis, one often hears about the benefits of incorporating one’s business. But what exactly does that mean? Obviously, incorporating one’s business affords an individual some form liability protection in the event of a litigation claim. However, what are … More S-Corp vs. Sole Proprietorship
One thing I’ve noticed CRNAs overlook, particularly ones that are hospital based and are only looking to moonlight, is that they don’t know the difference between admitted insurance companies and non-admitted insurance companies (e.g., risk retention groups). Then again, neither do I, but I’m going to try my damnedest to explain it in simple terms. … More Malpractice Insurance Part 3 – Types of Insurance Companies
When reviewing a malpractice insurance policy, you’ll generally see something that looks like this Malpractice insurance carries two types of limits: occurrence and aggregate. An occurrence limit specifies the maximum amount an insurance carrier will cover a single claim while an aggregate limit specifies the total amount the carrier will pay out over the entirety … More Malpractice Insurance Part 2 – Limits of Liability
Let me preface that the information shared on this site and especially on this topic should not be construed as the definitive authority on understanding the intricacies and nuances of malpractice insurance. For any nurse anesthetist who actually wants to get into the granularity of malpractice insurance, I’m going to have to refer you to … More Malpractice Insurance Part 1 – Types of Insurance
Pension I’m fortunate to work for an employer who offers a pension plan. I have to work at this institution for 5 years before vesting into the pension plan. Each year, I contribute 7% of my gross income to my pension fund, while my employer contributes 14% of my gross income to the fund. I’ve … More Retirement Portfolio
Here’s a screenshot of my student loan balance over the years. The balance you’re seeing is my combined undergraduate and graduate programs. Oh, how I wish I had parents who could have helped me pay for school. I’m envious of the classmates and SRNAs who go through their nurse anesthesia program debt-free. I refinanced my … More My Student Loan Profile, Dec. 18 Update
I recently came across an NYTimes column about straight A students or rather, the issue of students who obsess over getting straight A’s in school. There’s a brief anecdote in the story involving a student who breaks down in front of his professor because “I just got my first A-minus.” The article continues on about how … More SRNAs: Please Don’t Be A Know It All
Click on any of the icons below for a review of the student loan products offered by each company. Sign up with Earnest and receive a $200 bonus. Sign up with Laurel Road (formerly DRB) and receive a $300 bonus. Sign up with FRB to receive a $200 bonus. Sign up now and receive a … More A Comparison of Student Loans (2018 update)
Life as a CRNA 