Preparing and saving for your children’s education can be an overwhelming, and sometimes daunting, task. Most parents don’t even know where to begin and many think the best way to prepare for paying tuition expenses for their child in college is by simply stuffing money into a savings account.
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Family Wealth Planning
Family wealth planning (estate planning) is becoming an increasingly necessary service to ensure that governments do not tax away all the value of family assets. Discover the tax benefits and increased cash flow you can achieve with family wealth planning.
The Tortoise and the Hare
The story of The Tortoise and The Hare illustrates the power of compounding incredibly well. Volatile, inconsistent performance (think of the hare) can take investments up 30% then down 20% and back again in a roller coaster cycle. There are two key elements to remember…
The Wall Street Charade – Turning The Risk/Reward Concept On Its Head
Wall Street knows something the average investor does not. You might call it the industry’s dirty little secret, if it didn’t involve billions of dollars and millions of investors. The deception is preserved by a confluence of people and pretense…
What to Invest to Avoid Playing Retirement Roulette
You’ve probably thought about how much you’ll need to retire comfortably. But if you haven’t done the calculations, you’ll likely be shocked at the actual amount. Most physicians need $5 million-$6 million in investable, liquid (cash) assets to retire comfortably based on a 3%-5% after-tax annual return…
Biotechnology and Its Role in the Healthcare Spending Issue
Traditionally, investors looking for less volatile, more consistent long-term returns have sought the safety of healthcare. This downturn has been different. During this downturn, healthcare showcased deep disappointments, including drugs failing to gain FDA approval (Sepracore, Watson, and Imclone), potential financial fraud (Elan and Andrx), and earnings disappointments (Alpharma and Bausch & Lomb)…
How Money Manager Steven Abernathy Keeps Beating the S&P
Even if most of your investments are in mutual funds, you may want to own a few stocks to up your returns. Investment manager Steven Abernathy makes focusing on just a few stocks the cornerstone of his successful approach. Here are his insights now…
The Luster Matrix
Collaborative Investing is an investment research philosophy that I have followed for 11 years. It has proven its worth time and time again. Essentially, it is uniting the knowledge base of industry experts – practitioners in specific industries with a working knowledge of products – with your financial expertise…
Why Your Practice’s 401(k) may be Audited
Many medical practices are not compliant with federal rules regarding the retirement plans they offer to employees.
Today’s 401(k) plans can be highly complex. Unfortunately, middlemen have been profiting from multiple layers of fees at the expense of the employee-unbeknownst to many employers who had the best of intentions. Legislation passed in the last two years aims to expose these hidden fees, expenses, and liabilities inside of your company’s plan.
So what does this mean for physicians?
6 Tax Essentials Physicians Need to Know
Physicians must have a solid plan in place to deal with taxes and retirement.
Since 2001, the tax code has undergone 4,680 changes-an average of more than one change per day. Even worse, physicians are paying more in taxes. Because of these trends, intelligent tax preparation has become essential, not optional.