Unlocking Tax Savings with a Donor Advised Fund (DAF) In the realm of philanthropy and tax planning, a Donor Advised Fund (DAF) serves as a strategic financial tool that enables individuals to enhance their charitable… Read More
Am I Saving Enough for Retirement (with only a Solo-K)? Live Case Study! Today’s topic is an important one that many of us often ponder: “Am I saving enough?” This question came from one of… Read More
The physician mortgage loan (sometimes called the doctor mortgage loan) was created by banks because of the distinctive challenges physicians face when borrowing due to their high debt-to-income ratios — thanks to student loans. Many physicians… Read More
Unleashing the Power of Roth Conversions for High-Income Earners As a high-income earner, you’re likely no stranger to leveraging various financial strategies to optimize your savings and minimize your tax burden. Today, we’re diving into… Read More
While most people are familiar with retirement saving tools like a 401(k) or 403(b), fewer people are familiar with the 457(b) plan. With several different choices available, each more confusing than the other, taking control… Read More
3 Tax Tips for After Year-End As the year-end rush subsides, you might think you’ve missed your chance for any meaningful tax planning. However, there are still several tax tips you can use to lower… Read More
7’ish Financial Mistakes To Avoid In Your Accumulator Years Navigating through your prime earning years is like steering a ship through both calm and stormy waters — it takes careful planning and constant attention to… Read More
Back in 2018, I was asked to speak at the American Society of Colon and Rectal Surgeons (ASCRS) conference, and the topic was simple: How Much Do I Need to Retire as a Physician? Well,… Read More
Solo-K vs SEP IRA: Choosing the Right Retirement Plan for Self-Employed Individuals Retirement planning can be daunting, especially if you’re self-employed. With several options at your disposal, it can be challenging to decide which retirement… Read More
Everyone knows they need to save for retirement to have any hope of reaching financial independence, but what retirement accounts should physicians be utilizing in 2024? What might not be as clear is what type… Read More