Financial calculators for practice owners
Owning a practice means running a business and a career at once. These tools help with the business side.
- TaxesQuarterly Estimated Tax CalculatorEstimate quarterly payments for 1099, moonlighting or practice income.
- TaxesW-2 vs 1099 Take-HomeCompare take-home pay as an employee versus an independent contractor.
- RetirementBackdoor Roth IRASee what a yearly backdoor Roth grows to, tax-free — and whether the pro-rata rule applies.
- InvestingFinancial Advisor Fee CostCompare the lifetime cost of a percentage (AUM) fee to a flat-fee advisor.
- InsuranceDisability Insurance NeedEstimate the monthly benefit you'd need if you couldn't work.
- InsuranceLife Insurance Need (DIME)Estimate coverage from debts, income, mortgage and education goals.
- Practice OwnershipPractice BreakevenFind the visits or revenue needed to cover fixed and variable costs.
- Practice OwnershipOverhead RatioCalculate your overhead ratio and compare it to typical ranges.
- Student Loans & PSLFStudent Loan Payoff TimelineFind your payoff date and total interest at any monthly payment.
- TaxesHealthcare Take-Home PayEstimate your paycheck after federal, state, FICA and pre-tax deductions.
- RetirementFI Number CalculatorFind the portfolio size that could support your spending for life.
- InvestingCompound Growth CalculatorSee how regular investing compounds over time.
- HousingRent vs BuyCompare the long-term cost of renting and buying.
- Cash Flow & DebtDebt Payoff PlannerPlan a payoff order and date across all your debts.
- Cash Flow & DebtEmergency FundSet an emergency fund target based on job stability and expenses.
- Family & LifeChildcare CostEstimate childcare costs around shift work, call and two careers.
Guides
- A practical plan to reduce money stress for healthcare workersYou take care of everyone else. Here's a simple, five-step plan to take some weight off your own shoulders.
- Disability insurance basics for healthcare workersYour ability to work is worth millions. Here's how to protect it without paying for features you don't need.
- The backdoor Roth IRA, step by stepEarn too much for a Roth IRA? You can still get one. Here's the process, and the one rule that trips people up.
- Emergency funds for shift workers, per-diem and travel staffIrregular shifts and contracts call for a bigger cushion. Here's how to size it and build it without feeling squeezed.
- Thinking about owning a practice? The numbers to know firstOwnership can pay off — financially and personally. These five numbers tell you whether a practice can support you.