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SECURE Act 2.0: Can Doctors Roll Over 529 Plans into Roth IRAs? [Podcast]

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SECURE Act 2.0: Can Doctors Roll Over 529 Plans into Roth IRAs? [Podcast]

You may have heard the buzz surrounding developments with SECURE Act 2.0. Today, we're diving into the new IRS rules that would allow rolling over 529 plans into a Roth IRA. Let’s unravel this news and determine if it's a viable option for you.

Mastering the Minimum Effective Financial Dosage for Doctors [Podcast]

Mastering the Minimum Effective Financial Dosage for Doctors [Podcast]

Welcome back to More Money Minutes for Doctors. Today we delve into a crucial topic: determining the minimum effective financial dosage for doctors to achieve lasting financial security.

In the realm of financial advice, countless articles offer tips for enhancing your finances. However, just as doctors prescribe the minimum effective dose for patients, should there not be a similar approach for doctors managing their finances? Let’s explore this concept.

Financial Considerations for Women in Medicine [Podcast with Dr. Kristy McAteer]

Financial Considerations for Women in Medicine [Podcast with Dr. Kristy McAteer]

Navigating the financial landscape in the field of medicine, where dedication to healing is paramount, involves unique considerations for doctors. Today, we explore the financial perspectives of women in medicine, particularly those who find themselves as primary breadwinners. While gender and finance present a broad topic, it's essential to recognize the disparities that may exist, not only in wages but also in the dynamics within households.

Understanding the Financial Dynamics of Pursuing a Doctor's Fellowship [Podcast with Dr. Kristy McAteer]

Understanding the Financial Dynamics of Pursuing a Doctor's Fellowship [Podcast with Dr. Kristy McAteer]

Deciding whether to embark on a medical fellowship is a significant choice that goes beyond the realms of medical expertise. While the focus has traditionally been on the medical and academics, it is increasingly crucial for doctors to consider the financial implications of such a decision.

A Doctor's Guide to Avoiding Four Crucial Financial Pitfalls [Podcast]

A Doctor's Guide to Avoiding Four Crucial Financial Pitfalls [Podcast]

Managing personal finances can often take a back seat to a doctor’s demanding schedules. However, overlooking key financial decisions in the early stages of a medical career can lead to long-term setbacks. Today we’re discussing common financial mistakes made by young doctors and offer strategies to avoid them.

1099 Tax Shelters for Doctors [Podcast]

1099 Tax Shelters for Doctors [Podcast]

It is crucial for doctors to understand the differences in retirement accounts if they want to maximize their wealth. Two popular choices, the Sep IRA and the Solo 401K, present distinctive benefits, limitations, and considerations. Here, we break down the key elements of each, shedding light on their respective advantages and limitations.

Small Steps Toward Financial Freedom for Doctors [Podcast with Dr. Kristy McAteer]

Small Steps Toward Financial Freedom for Doctors [Podcast with Dr. Kristy McAteer]

Financial freedom is a goal that many aspire to achieve, and for good reason. It offers the promise of a life with choices, free from the constraints of financial stress. In the world of medicine, where the demands of the profession are high, finding financial freedom can be a crucial step towards a healthier, happier life. Here we will explore some practical steps—often overlooked—that can pave the way for doctors to attain financial freedom.

Doctors and Burnout [Podcast with Dr. Kristy McAteer]

Doctors and Burnout [Podcast with Dr. Kristy McAteer]

In the landscape of modern medicine, the alarming rise of burnout among physicians has prompted critical discussions about how to sustain your careers and well-being. With the ever-increasing demands of medical practice, doctors find themselves facing unique financial challenges. In this episode, we delve into the insights shared by Katherine and Kristy who sheds light on the financial implications of burnout and offers practical strategies for physicians to embrace a life of abundance and create sustainable financial plans.

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Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor [Podcast]

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Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor [Podcast]

Want to start building your investments and planning for retirement? Have no idea where to start the conversation about your personal finances? Well, you’re not alone!

Here are the top 10 questions to ask when comparing prospective financial advisors:

2022 Proposed Tax Changes that Will Impact Doctors [Podcast]

2022 Proposed Tax Changes that Will Impact Doctors [Podcast]

We can finally let out a sigh of relief as we put tax season 2021 behind us! This means we have plenty of time to prepare for the 2022 tax season, and educate ourselves on the proposed tax changes.

As we do every year, we are watching for any changes in federal and state tax law that will affect our doctors in the next year, and impact their retirement.

Market Downturns for Doctors [Podcast]

Market Downturns for Doctors [Podcast]

How will the state of our current geopolitical events impact your investments? It is nearly impossible to avoid the news and the speculation of what will come. While so much is uncertain, one thing we can prepare for is that our economy will most likely feel the effects of global unrest in the for of a market downturn.

Today, we’ll cover how we prepare, how we can take advantage of a down market, and share some statistics that might help you get to sleep at night.

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.