Investing

4 Steps to Home Buying for Doctors [Podcast]

4 Steps to Home Buying for Doctors [Podcast]

Is buying a new home on your to-do list for this year? It can be an exciting and monumental task. So where do you begin? Today’s episode of “More Money Minutes for Doctors” will cover everything you need to know to get started, including: creating a budget, finding the right loan, and what actually adds value to a home.

Renting vs. Buying a Home for Doctors [Podcast]

Renting vs. Buying a Home for Doctors [Podcast]

Next to funding your retirement, a home is most likely the biggest purchase a person or family will ever make. How do you know if it’s a good decision to purchase a home? In today’s podcast, we are covering 5 things to take into consideration when making this decision.

The Tax Triangle 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.

Roth IRAs for Doctors [Podcast]

Roth IRAs for Doctors [Podcast]

William Roth created the Roth IRA in 1997 as a tax-free retirement investment. This investment will grow tax-free and can’t be taken out until you have reached 59 1/2 years of age. There are no RMDs (Required Minimum Distribution), so you can wait and let that money keep growing, even after you reach the minimum age to start taking money out. If you do this, you can keep making contributions up until 70 1/2 years old.