New here, and had a question I didn't think would be answered anywhere else.
I really, really don't want this to get derailed by political arguments as it is a current hot-button topic, HOWEVER it seems really relevant to a lot of us...
There's a good chance of some kind of socialized medicine coming in either in 2020 or 2024, looking at many of the leading Dems' platforms.
Leaving aside the question of whether this would be good for the country, this would likely have a massive negative impact on many of our salaries, particularly specialists. (Primary care physicians might benefit!) How would you recommend preparing financially for this? Shift allocations from equities to bonds? Avoid paying too much for a house? Would we do anything differently if we were expecting a lower income and a lower tax bracket in a few years?
I really, really don't want this to get derailed by political arguments as it is a current hot-button topic, HOWEVER it seems really relevant to a lot of us...
There's a good chance of some kind of socialized medicine coming in either in 2020 or 2024, looking at many of the leading Dems' platforms.
Leaving aside the question of whether this would be good for the country, this would likely have a massive negative impact on many of our salaries, particularly specialists. (Primary care physicians might benefit!) How would you recommend preparing financially for this? Shift allocations from equities to bonds? Avoid paying too much for a house? Would we do anything differently if we were expecting a lower income and a lower tax bracket in a few years?
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