Shane Tenny, CFP®, partnered with KevinMD.com to explain how signing bonuses can be an attractive part of a new job offer, but physicians should understand the tax implications before celebrating. His article explains how signing bonuses are taxed, why your take-home amount may be less than expected, and the importance of planning for potential repayment if contract terms aren’t fulfilled. With clear guidance, physicians can make informed decisions when negotiating compensation.
Check out the article on KevinMD.com here > KevinMD.com- Signing bonuses and taxes: What physicians should know
Shane Tenny, CFP®, is Managing Partner of Spaugh Dameron Tenny, where he helps high-net-worth individuals and families navigate complex financial decisions with clarity, structure, and confidence. Since joining the firm in 2000, Shane has worked with clients through major financial transitions, including career changes, liquidity events, retirement, and multigenerational planning. His approach combines comprehensive financial planning with a focus on behavioral finance, including advanced studies in Behavioral Economics through the University of Chicago Booth School of Business. Shane is the author of Your Next Million, former host of the Prosperous Doc® Podcast, and a nationally recognized financial advisor, speaker, and educator.