The last few years before you hang up your stethoscope can be critical to a doctor's successful retirement. In this episode of More Money Minutes for Doctors, Katherine Vessenes, CEO and founder of MD Financial Advisors, covers the five things every doctor should do before handing in their resignation.
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.
Today Katherine Vessenes is joined by Ben Kirchner as they financial planning FOMO.
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.
As we approach Tax Day, it's essential to ensure you've maximized your IRA contributions for 2023, so today we're tackling the intricacies of IRA contributions and tax rules. Let's dive into four crucial rules to consider when funding your IRA and filing taxes.
We often mention the phrase “financial wellness”, but what does that actually mean, and what does it look like? Surprisingly, it looks a lot like wellness in every other part of your life; this is achieved in-part by putting upper and lower limits in place to make sure you account for the unknown and make space for what matters.
When things go wrong or when the unexpected happens (like all of 2020) we want our clients to feel that they’re prepared. This is why we help our clients build a “Cascade Catastrophe Plan.” With this plan in place, our doctors are able to take financial obstacles in stride without throwing off their whole retirement plan.
Doctors: we know that many of you have existing life insurance policies in place, so you probably don’t need to consider anything further regarding the subject. But we’re here to tell you that simply is not true! At MD Financial, we let our doctors know when they have a current policy worth keeping, and have helped many find EVEN BETTER policies than the one they had prior. Come learn and listen to find out if you need to consider Life Insurance, and when you should re-evaluate your existing policy.
Here at MD Financial, we think that a better educated client is a BETTER CLIENT. On today's episode of “More Money Minutes for Doctors” we are focusing on Disability Insurance (DI). This is one of the first things we bring up in an introductory meeting with our clients because focusing on protecting your income is top of the list for things to consider. We’ll tackle questions like: “Why might the DI I have be enough?”, “What are the different levels of policies?”, and “Who’s policy should I go with?”
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.
![5 Things Every Doctor Should Consider Before Retiring [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1722536007045-7LMIAAUS2LBUQVLHXHZG/beach+chairs.jpg)
![Doctors and Roth Accounts: Saving Millions for Retirement [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1719253970159-YZ8Y2G4AIZJVQRNTNL8X/pexels-karolina-grabowska-4021775.jpg)
![Doctors and Financial Planning FOMO [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1708554954783-M8SGDOL34GWJ3ECOEGUD/northfolk-b_Qt9f2egBM-unsplash.jpg)
![SECURE Act 2.0: Can Doctors Roll Over 529 Plans into Roth IRAs? [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1711637590036-P6R2BQ9SEAZBDHY10SYK/529_Roth%2BIRA%2BRollover%2BWebsite%2BBanner.jpg)
![4 Tax Rules for Doctors’ IRA Contributions [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1698857463101-ZFDJVTYZATHSCDRHIMMF/Doctor+Adding+to+Piggy+Bank.jpg)
![Financial Margins for Doctors [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1634912779905-UIM5RZJN2GRN6ZAQIM34/small-tim-johnson-unsplash.jpg)
![The Doctors's Cascade Catastrophe Plan [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1631572254305-549BFQE3JG4IJ2FK0YVZ/xuan-nguyen-ricmOR_T2rM-unsplash.jpg)
![Doctors, Do You Need Life Insurance? [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1604004148039-6SHOOQIOZUDQVT79N554/gabrielle-henderson-HJckKnwCXxQ-unsplash.jpg)
![How Much is Enough DI for Doctors? [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1602705930119-GR99K9HQ2XYH4GE2EGW8/Umbrella+with+coins.jpg)
![Income Protection and Disability Insurance for Doctors [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1588361965610-6K5909DRLZZ163SYU5JH/clement-falize-cReGhfLjDCI-unsplash.jpg)