Many of our doctors are confused about Roth accounts, which ones they can have, and how they differ. In today’s podcast, Katherine Vessenes, CEO and founder of MD Financial Advisors, breaks down the differences between Roth IRAs and Roth 401ks and Roth 403bs. She highlights how they can work individually and together to help doctors feel more confident in their investments and retirement.
SECURE Act 2.0: Can Doctors Roll Over 529 Plans into Roth IRAs? [Podcast]
Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor [Podcast]
EE Bonds and I Bonds for Doctors [Podcast]
We’ve recently touched on down markets, inflation, and how to protect yourself from their effects. While we typically say down markets are a great time to invest in the stock market, we also want to share options on more conservative/stable investment options when the market is anything but. Government bonds are a low-risk way to invest with a consistent, guaranteed interest rate.
How-to for Doctors: Teaching Your Children About Money [Podcast]
In the famous words of Alice Cooper, “school’s out for summer”! Yes, summer vacation is here, and the question is: how are you going to keep your kids from bouncing off the walls for the next three months? This could be the perfect time to teach your kids about money, and the importance of saving. Whether they’re 4 or 16 there’s never a bad time to teach them about the fundamentals of money and savings goals.
How do we, as parents, help our children out financially? Of course we can start trusts, 529’s, or brokerage accounts which helps their financial futures, but what will really impact their future is by learning healthy financial habits.