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What do you need to know about your SPD?[VIDEO]

Video ~ October 22, 2018November 21, 2018 ~ JFoxCPACFP ~ Leave a comment

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

May 16, 2018May 18, 2018 ~ JFoxCPACFP ~ Leave a comment

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 Irrelevance of Fees (Expense Ratios) in your Investment Portfolio

March 21, 2018April 6, 2018 ~ JFoxCPACFP ~ Leave a comment

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 →

Expense Ratio Exercise: Which Portfolio Wins? [VIDEO]

March 21, 2018April 6, 2018 ~ JFoxCPACFP ~ Leave a comment

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 →

When to Convert to a Backdoor Roth IRA

July 18, 2017October 17, 2018 ~ JFoxCPACFP ~ Leave a comment

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 →

Small Business Retirement Plans, Part 3: 401k’s

January 26, 2017June 1, 2021 ~ JFoxCPACFP ~ Leave a comment

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 →

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