Doctor Money Strategies: Insights From a Physician and a CFP® + Enrolled Agent скачать в хорошем качестве

Doctor Money Strategies: Insights From a Physician and a CFP® + Enrolled Agent

Becoming an attending is a major turning point, and Jacqueline is right in the middle of that transition as she finishes medical school. She’s starting to think through what strategies doctors may use to help reach their financial goals, try to mitigate taxes wisely, and build a foundation that actually supports the life the physician wants. Your income jumps, your tax bracket shifts, and suddenly the question is not just how much you make, but how much you actually get to keep! Whether you are a brand new attending, a few years into practice, or well established in your career, this episode aims to help connect income, taxes, investments, and long term planning into a helpful guide. Topics include: 💭 What changes financially when you become an attending 💭 Why higher income does not mean higher financial freedom by default 💭 Tax planning strategies for high earning physicians 💭 401k, 403b, HSAs, Roth IRAs, and backdoor Roth planning 💭 Deferred compensation plans and when they may make sense 💭 Investment taxes and capital gains for physicians 💭 Non retirement investing and tax efficiency approaches 💭 Giving strategies and donor advisor funds 💭 How retirement tax brackets actually work 💭 Why retirement can still come with high taxes 💭 Planning differences for hospital employed physicians vs private practice owners 💭 Mega backdoor Roth option 💭 New attending priorities vs late career attending strategies 💭 Is insurance a necessity or no? 💭 How to think holistically about money If you are a physician navigating attendinghood and trying to understand how income, taxes, investing, and long term planning actually fit together, this conversation is for you. 𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞? We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics! Chapters: 00:00 Attending Physician Financial Questions 00:27 Realization That Taxes Happen for Doctors 01:50 What Strategies Do Physicians Often Use? 04:15 Health Savings Accounts 04:41 Pro Rata Rule Missed for Roth IRAs 06:24 New Attendings or Later Career Physicians? 07:50 Deferred Comp Plan for Physicians 08:55 Non-Retirement Accounts 09:27 How Taxes Work in a Non-Retirement Account 11:18 Using a Taxable Account for Gifting? 12:30 Tax Efficiency Investment Ideas? 13:29 Projecting Your Retirement Tax Brackets 14:10 What Can Put Doctors in Higher Taxes After They Retire? 18:06 Bunching Giving Make Sense? 19:42 Donor Advisor Funds for Giving 20:43 Understanding Real Estate and Tax Benefits 23:46 Purposefully Pay More Taxes Now? 24:25 Direct Index & ETFs 24:42 What Can We do to Improve Tax Efficiency? 25:25 Private Practice Owner vs. Employee 27:31 A Mega Roth, Say What? 29:23 How Should an Attending Look at Investments? 29:47 New Attending vs Seasonsed Vet 31:00 Transitioning from Residency to Attending 33:47 Disability & Life Ins. for Physicians? 34:45 Do Doctors Get Targeted by Finance People "Pros"? 41:03 Youtube Disc. TN & Words.mp4 💬 Questions or Want to Connect? 🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com 📧 𝐄𝐦𝐚𝐢𝐥: custerfinancialadvisors@lpl.com Disclosures: Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions. Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial. This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.