Your Summary Plan Description (SPD) is the rule book for all retirement accounts offered to you by your employer. Sadly, many employees do not know how to read their SPD or its importance. In this month’s video, Michelle gives you important features to look for in your employer’s SPD.
Also read Johanna’s companion blog post, It’s Open Season!
Recruitment and signing bonuses are a popular topic on WCI this time of year (along with Teslas for some unknown reason). Here are a few things you should consider when negotiating them. Continue reading
The most common question prospective clients ask about our investment philosophy involves the fees charged by the funds we use: “Do you recommend active or passive funds? What about the fees?” The low-fee-fetish on many physician finance sites is good clickbait Continue reading
Fees are a popular discussion on many physician financial blogs and some passive funds have managed to drop expense ratios to under .1%. But how much do expense ratios matter to your long-term fiscal fitness? 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
Part 3: 401k’s The government has afforded several tax-advantaged options for business owners to save for retirement. The purpose of this series is to educate doctors, including Continue reading