Investing, Stock Market
Alyssa Miranda
The Longer-Term History of Stock Markets All ...

During the summer of 2024 stock markets were in the news. The Standard and Poor’s 500 (S&P 500) fell about 6% between July 31st and August 5th of this year. The news media was quick to panic—they always do. 

The Longer-Term History of Stock Markets All Doctors Should Know
Services Offered
Alyssa Miranda
Doctors, Here is Your 3rd Quarter 2024: ...

This represents general benchmarks for the third quarter of 2024.

Doctors, Here is Your 3rd Quarter 2024: Benchmark Performance Update
Debt, Financial Plan, Income
Alyssa Miranda
The 6 Step Financial Check-Up for a Successful ...

Going into practice is a busy time in the career of a young physician or dentist. We get lots of questions about what they can do during this time to start off on the right track. One key to success is reviewing the data behind the decisions we make. In medicine, this could mean recognizing that your blood pressure is too high, therefore you change your\habits or medications to improve your overall health. Similarly, doing a “financial check-up” can ensure long-term success with money. The most pivotal time for a checkup is during the transitionary period of going into practice. We’ve broken the financial check-up into six key categories:

The 6 Step Financial Check-Up for a Successful Residency Transition
Investing, Taxes
Alyssa Miranda
The Doctor’s 2024 Year-End Financial Checklist

Now that summer is coming to an end and students are headed back to school, it’s time to start thinking about year-end finances. Make a plan to finish these five items before mid-November. Reach out to our team with any questions or to make sure you’ve completed all that applies to you.

The Doctor’s 2024 Year-End Financial Checklist
Investing, Stock Market
Alyssa Miranda
How Actively Managed Funds Affect Doctors’ Taxes

At some point in your career, you’re going to hear from the “Investor Genius Doctor” (IGD). The IGD is the doctor who likes to talk about their great investments and share of their successes. Note, their losses are often not shared as freely

How Actively Managed Funds Affect Doctors’ Taxes

Tax Triangle

Doctors: 2022 Updates for Using the Backdoor Roth Conversion Strategy

Doctors: 2022 Updates for Using the Backdoor Roth Conversion Strategy

We continue to stress to our doctors the importance of funding as much as possible into their tax-free accounts. Not only is this “tax insurance”, meaning you will not have to pay taxes on these accounts in the future, but it can also have a huge impact on how much money you will have in retirement. The amount of funds you have in tax-free investments can even make a difference on how soon you reach financial independence. The more funds doctors have in a tax-free account could mean retiring sooner, or, unfortunately, it could push out retirement for those doctors who have not planned ahead.

We could be looking at some changes to this strategy in 2022 due to some proposals on Congress’ docket. Here’s an overview of both current and possible changes to the backdoor Roth conversion strategy.

How Smart Tax Strategies Can Save You Money, Now, and in the Future

How Smart Tax Strategies Can Save You Money, Now, and in the Future

When I first started financial planning, we all had one basic assumption - push taxes into the future. The general thought was our clients would be in a much lower tax bracket for taking distributions from their retirement plans. About 13 years ago, I had an "aha moment". What if that assumption was false?

Are you ready to take the next steps in securing your financial future? Click here to book a complimentary consultation with one of our team members.