Unless your kid was born with a silver spoon in his mouth, he probably doesn’t own a lot of property. But he owns an intangible asset that is very valuable to criminals. What is it?
Equifax may have exposed you to identity theft but there are many other ways you could be at risk. Michelle has suggestions for you to keep your internet footprint invisible and ways to keep phishers out of your hard drive. Continue reading
A contractual non-compete clause (also known as a covenant not to compete or a restrictive covenant) will preclude or limit you from working in a 1) particular field, 2) within a specific geographic area, and/or 3) for a stated period of time should you separate from service with an employer or group. If you are looking at a non-compete agreement, what is negotiable and what isn’t? Continue reading
Let’s face it – you will have to decipher at least one employee or partnership contract in your career, probably several. I turned to the expert with some common issues our physician clients face. Continue reading
An important, but overlooked, area in any new job is the benefits package. Since the quality of your benefits can have a profound impact on your job satisfaction, you should ask meaningful questions before you sign on the dotted line. Michelle has tips to help you navigate Continue reading
Few doctors and other HIPs (High Income Professionals) qualify to contribute directly to a Roth IRA. In 2017, you are prohibited from doing so if:
- MFJ – your AGI (Adjusted Gross Income) is above $196k
- MFS – your AGI is above $10k
- Single – your AGI is above $133k
The workaround is to contribute to a nondeductible (“n/d”) TIRA Continue reading
There is no bigger proponent of Roth IRAs than yours truly. If compound interest is the 8th wonder of the world, tax-free growth inside a Roth IRA is, to me, the 9th. My blog post, Explaining Backdoor Roth IRAs, remains our most popular post ever (by a long shot) and for good reason Continue reading
Is an IRA blocking the way for your backdoor Roth conversion plans? It doesn’t have to ruin your plans if you know when to make your move.
Lately, we’ve been doing a lot of estate planning with clients and there have been several discussions about trusts and estates on the White Coat Investor Forum, such as: Continue reading