🌿 Locum Freedom: The Smart Way to Work (and Save)

Your locum lifestyle gives you freedom — now make sure your finances do too.

🩺 The Locum Life: Built for Freedom

Locum tenens professionals — physicians, nurse practitioners, and PAs — are rewriting what a medical career looks like.

You choose where you work, how long you stay, and what opportunities fit your lifestyle.

But independence comes with complexity: managing your own taxes, insurance, and retirement planning.

Most locums are 1099 contractors — which means you’re your own business, whether you realize it or not.

That’s the beauty of it.

With the right structure, you can transform that independence into long-term wealth.

💡 From Income to Intention

In our last few posts, we uncovered the tools locums can use to save thousands in taxes:

✅ Business Deductions — Travel, housing, CME, and licensing costs all count.

✅ S-Corp Strategy — Reduce self-employment taxes and protect your earnings.

✅ Retirement Plans — SEP IRA, Solo 401(k), and Cash Balance Plans that can deduct $70K–$250K+ a year.

Each one is a piece of a bigger picture:

Building a sustainable financial plan that rewards your flexibility — instead of punishing it.

📊 What Smart Locums Do Differently

Smart locums don’t wait until tax season to think about taxes.

They design their financial structure before the year begins — just like hospitals plan staffing needs in advance.

The top-earning locums we’ve worked with at MyPensionTree all have one thing in common:

They treat their 1099 work as a business — because it is.

Here’s what that looks like in practice:

StepActionResult1Set up an LLC or S-CorpCreates separation between personal & business income2Open a business bank accountSimplifies tracking & deductions3Implement a retirement planReduces taxable income by 25–60%4Meet quarterly with a tax advisorStays compliant and maximizes annual savings

🌳 Why MyPensionTree?

Locum work gives you career freedom — we give you financial clarity.

At MyPensionTree, we specialize in helping independent medical professionals:

• Design custom pension plans to slash taxes
• Create multi-year tax optimization strategies
• Build retirement savings plans that adapt to changing income

Whether you’re covering shifts through Hayes Locums, Weatherby Healthcare, or CompHealth, your assignments might change — but your financial stability shouldn’t.

“The goal isn’t just to make more money. It’s to keep more of what you earn.”

💼 Start your free consultation at MyPensionTree.com and take control of your financial future today.

🧭 Your Locum Freedom Checklist

✅ Track your expenses like a business owner

✅ Set up your retirement plan before year-end

✅ Consider S-Corp status for higher tax efficiency

✅ Schedule a consultation with a financial advisor who understands locums

💬 Final Thought

You’ve chosen a career of purpose, flexibility, and adventure.

Now make your finances match your lifestyle.

Because true freedom isn’t just about where you work — it’s about what you keep.