How to Run a Successful Retirement Plan for a Medical or Dental Practice
What do you need to know when implementing or changing a small business retirement plan? Konstantin Litovsky discusses it here.
Ownership matters, whether it’s owning profitable companies, owning your own home, or owning your job. Most of the time, medicine is better—for the docs and for the patients—when docs own their jobs.
What do you need to know when implementing or changing a small business retirement plan? Konstantin Litovsky discusses it here.
While surveys suggest that the Patient Protection and Affordable Care Act (PPACA), or "Obamacare," is generally unpopular among the American public, there is still uncertainty regarding its impact on...
The IRS expects you to pay yourself a reasonable salary as an S-Corp. An important factor in that decision should be the effect on how much you can sock into a retirement plan.
I was reading about a survey by the Physicians Foundation recently which had some rather sobering findings. They sent out these 48 question surveys to 630,000 doctors and only heard back from 13,575,...
By Dr. James M. Dahle, WCI Founder This was a post on Sermo, with 437 responses in about a week. I'm going to cite what I thought were 15 of the best ones. The entire White Coat Investor site consists...
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My last post discussed how I recently made partner and how this has given me additional income, expenses, risk, and personal financial complexity. In this post, we'll discuss the ways becoming a part...
I recently became a partner in my small, democratic emergency medicine group. That's exciting to me because it gives me a say in how my group operates, more job security, and, best of all, a signific...
In the first part of this series I discussed the additional taxes you may pay due to PPACA. In part two, I discussed the benefits you'll see as a consumer from the PPACA regulations. In this part, w...
Last time we discussed some additional taxes you may or may not be paying as a result of PPACA. This post addresses the considerable benefits of PPACA to you a health care consumer. Next time we'll...
By Dr. James M. Dahle, WCI Founder In my last post, I talked about how excited I was about C Corporations after learning some more about them in a book. Then reality set in. The more I read, the more...
I was recently reading Incorporate and Grow Rich, a book which I'll review in a separate post. The more I read the more excited I got about C corporations and their benefits. Then I started realizin...
Incorporation isn't a magic elixir that will reduce a doctor's liability and lower their tax bill. In fact, most doctors won't benefit much at all from it.
Medical school may not have taught you about money, but we will.
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