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
retirement
Small Business Retirement Plans, Part 1: SIMPLE IRAs
Part 1: SIMPLE IRAs The government has afforded several tax-advantaged options for business owners to save for retirement. The purpose of this series is to educate doctors, Continue reading
6 Huge Benefits of Side Hustle Income
The new status symbol for physicians today is not a Rolex – it’s a side hustle. Making some income as an Independent Contractor (“IC”) rather than as an employee can not only speed your pace to FI, you’ll get several tax benefits not available to W2 employees. Continue reading
Why I’ve Learned to Respect Reverse Mortgages
When you hear the term “Reverse Mortgage”, you may imagine a slick sales scheme peddled by old TV actors (the Fonz!) trying to drum up business and trick seniors into risking title to their homes. And, truth be told, that wasn’t far from the truth until the FHA and HUD changed the rules Continue reading
Why you should review your Social Security statement
Social Security doesn’t matter until you’re in your 60s, right? Not so fast. Social Security is Continue reading
Roth IRA conversions part 2 of 2: When and how to convert
Should a high income professional convert pre-tax retirement accounts to a Roth IRA and pay the taxes in peak earning years? The answer may seem obvious to some, but this is Continue reading
Roth IRA conversions part 1 of 2: How to build wealth
Imagine having a stash of hundreds of thousands of tax-free dollars awaiting your retirement. No rules about what you can use the money for, and no limits – at any time Continue reading
Should You Buy Long-Term Care Insurance?
One of the more difficult financial decisions facing those of us in middle age is Continue reading
Why I never buy stocks
“The reason why 90 percent of investors and fund managers cannot pick stocks is simple: Continue reading
Answers to Roth IRA quiz
So, did you take our Roth IRA quiz? Here are the answers – there are 14 points in all because the last questions counts 2. Continue reading
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