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.
Doctors and Roth Accounts: Saving Millions for Retirement [Podcast]
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.
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.
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.
Investment Chutes and Ladders for Doctors [Podcast]
9 Retirement Landmines of Doctors [Podcast]
Two items we talk about in every first meeting we have with doctors are: retirement, and financial independence. It’s common knowledge in the financial world that doctors already start at a disadvantage for retirement. By the time doctors are attending and able to start saving significant amounts toward retirement, other professionals have had a decade of retirement savings under their belt.
A Doctor's Side Gig Income: Consulting [Podcast]
Retirement Basics for Doctors [Podcast]
Year End Financial Planning for Doctors [Podcast]
The Tax Triangle for Doctors [Podcast]
Doctors, when it comes down to it, retirement is likely going to be the most expensive purchase of your lives. As a business that deals directly with doctors’ personal financial concerns, we get many questions: “Will I have enough money to retire?”, “When will I run out?”, etc. But one question we don’t get very often, that should be asked is: “Is my money positioned in the right type of accounts?” Today we will discuss the different types of retirement accounts, their tax consequences, and how to get the most out of them when it really matters.