Retirement Accounts — Q&A
Discussing all kinds of retirement accounts and what the maximum contributions for those are. Also answering listener questions about solo 401(k)s and active bond funds vs. index funds.
There are dozens, if not more, ways to save for retirement. It ranges from employer-assisted accounts like 401(k)s and 403(b)s to self-funded vehicles like IRAs and HSAs. Learning about retirement accounts is paramount to good financial literacy.
Discussing all kinds of retirement accounts and what the maximum contributions for those are. Also answering listener questions about solo 401(k)s and active bond funds vs. index funds.
Tempted to hide errors made with your self-employed retirement account? The IRS's Voluntary Correction Program may be the better choice to bring it back into compliance.
Interview with Dr. Victor Mangona discussing everything about cash balance plans: what they are, who should consider, tax savings, risks, how to convince your practice to adopt, and lots more.
Should the foreign physician working in the United States save for retirement utilizing 401(k), 403(b), Roth IRA, and HSA accounts? It's a strategy worth serious consideration.
If you are over the age of 50, take advantage of retirement catch-up contributions to power up your goal of financial independence.
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The self-employed have plenty of options for retirement savings: an i401(k), SEP IRA, HSA, Defined Benefit/Cash Balance plans, etc. Which is best for you?
How should you manage inherited retirement accounts? Also questions about inflation, refinancing student loans before Oct.1, SEP IRA's to backdoor Roths, choosing a specialty, and more.
I thought the Backdoor Roth IRA was so simple nobody would screw it up. Boy was I wrong. Here's how to get it right and make contributions a simple task.
Here's how a small, partner-run practice plan can implement the mega backdoor Roth 401(k) strategy to their ERISA 401(k) plan.
If you're behind on retirement savings use these strategies to quickly get caught up. Also talking about creating your own index fund, pro-rata rule and 457 plans, DINKS and lots more.
Here's how to calculate your required minimum distribution and reduce your fear of potential RMD tax burdens.
Six months ago we began the process of creating the World's Best 401(k) Plan. See my wish list of features, compromises, and final result!
Cash balance plans can help highly paid doctors, dentists and attorneys reduce taxes and increase retirement savings. This is how they work.
If you haven't yet contributed to your backdoor Roth IRA, here's the help you need to get it done today. Also discussing adding asset classes to your investment plan, inherited money, and lots more.
We're talking the new stretch IRA, QBI Deduction and the Solo 401(k), rebuilding your practice during COVID, Backdoor Roths, and more!
Medical school may not have taught you about money, but we will.
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