Taxes

1st Quarter 2018: Benchmark Performance

1st Quarter 2018: Benchmark Performance

Despite all of the noise in the media, the markets have only experienced small overall negative returns this year.  As of today, most of our long-term, diversified portfolios are only down about -1.0% since the beginning of the year.  This is common for short-term market reports.  We expect to continue to see choppy markets throughout the rest of the year.

New Federal Tax Bill and Its Impact on Doctors

New Federal Tax Bill and Its Impact on Doctors

Many of us have been glued to the news in recent weeks. The new tax bill is official as of writing this article, signed into law Friday, December 22nd, 2017.   

We've summarized the impact the new tax bill will have on doctors and their families. Click here to learn more.

What the New Tax Proposal Could Mean for Doctors and Dentists

What the New Tax Proposal Could Mean for Doctors and Dentists

Last Thursday Congress’ long-awaited tax proposal was released to the public. Here is a quick summary on how, if passed, this legislation could impact our physicians and dentists.

Quick & Dirty Estate Planning for Doctors

Quick & Dirty Estate Planning for Doctors

Although most of our physicians are concerned about income taxes—estate taxes can be a much bigger burden. In fact, they can eat up almost 50% of an estate.

The good news: unlike income taxes, estate taxes are completely voluntary. There are things doctors can do to make sure your estate passes without any estate taxes.

For estate tax purposes, you may be richer than you think. 

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?

The Physician’s Team of Experts and Financial Concierge

The Physician’s Team of Experts and Financial Concierge

Have you ever wondered about all the experts who help Bill Gates, Jeff Bezos and even Donald Trump manage their money? They have an insurance guru to oversee the risk management, an investment team to make sure their assets are working as hard as possible, an attorney to keep them on the straight and narrow, along with a savvy accountant to help them reduce their taxes and a financial advisor to coordinate all these folks and prepare for their future. It probably costs the very wealthy thousands of dollars per hour to get this kind of experienced, coordinated advice!