April 1, 2022

Keep Your Eyes on The Road

Written by Nathan Snow, CFP, EA , Posted in

Investing during market volatility can be like driving during a winter storm. Your best plan of action is to focus on what you can control and keep progressing towards your destination. And as the markets have turned a little blustery so far this year, you might think of your financial plan as the GPS system … Continue reading “Keep Your Eyes on The Road”

In the past 2 years, we spent more time at home – and only at home – than we’d ever anticipated. Now that both the pandemic and our collective cabin fever are starting to decline, many folks are reflecting on what lockdowns taught them about their houses and contemplating upgrades. But remodeling isn’t always the … Continue reading “Could a Home Remodel Increase Your ROL?”

As we enter into a new year, we wanted to provide our perspective on a few current topics and reminders for your financial life for you to think about over the coming months. We will see a new administration in 2021 and in light of this transition there will inevitably be many changes coming that … Continue reading “The New Year and Your Financial Life”

Like many families now, my family doesn’t have cable TV; we have streaming services, which means my kids almost never see commercials. However, each week, when we visit my parents’ house, my kids are exposed to commercials. And not just any commercials, the commercials on the kids’ channels, which are specifically designed to appeal to … Continue reading “Commercials, desire, and an important step often overlooked”

We like to think that we can approach our financial decisions objectively, using logic and spreadsheets and come to a “neat” solution that will satisfy all of our financial goals. We like to believe there’s a “right answer” to our financial questions that any reasonable person might uncover. However, the reality is that even the … Continue reading “Should Emotions Play a Part in Shaping Financial Decisions?”

September 15, 2020

457 Plans for Physicians: How you can lower your taxes and increase your retirement savings

Written by Nathan Snow, CFP, EA , Posted in

While most physicians know about their employer’s 403(b) retirement account, the 457 – which carries many additional benefits for high-income earners – remains relatively unknown and complex to navigate.

Similar to a 401(k) or 403(b), the 457 account allows you to contribute pre-tax income and defer taxes. This year, participants can contribute the lesser of $19,500 or 100% of their includible compensation. Those who are 50+ may even be able to make a catch-up contribution of $6,500 to their governmental 457 account and thus … Continue reading “457 Plans for Physicians: How you can lower your taxes and increase your retirement savings”

September 15, 2020

Payroll Tax Reduction

Written by David Klepeisz, CFP, EA , Posted in

In August, President Trump signed an executive order to reduce Payroll Taxes starting September 1st through the end of December 2020.

This was largely passed as an alternative to an additional stimulus package. The only people eligible for this change are individuals earning less than $104,000 annually or $4,000 bi-weekly. It defers the 6.2% tax on your income going towards Social Security. But this tax isn’t being forgiven, it’s only being deferred. In January 2021 until … Continue reading “Payroll Tax Reduction”

September 10, 2020

How to Make Your Empty Nest Time a Prime Time in Your Life

Written by Barry J Swaim, CFP , Posted in

The empty nest transition can be emotional, but it should also be exciting.

Time flies when you’re a parent. Just when you’ve wrapped your head around the demands and responsibilities of raising a child, you turn around and your little bundle of joy is ready to head out into the world. This empty nest transition can be very emotional. And in some cases, like children who stay on … Continue reading “How to Make Your Empty Nest Time a Prime Time in Your Life”

June 24, 2020

10 Tips Doctors Should Follow When Purchasing a Home

Written by Barry J Swaim, CFP , Posted in

How Savvy Doctors Make their Home Buying Experience a Positive One

Buying a home is a meaningful milestone, and many people feel that it is a signal of true success. However, if you fail to follow certain financial principles, your home purchase can quickly go from success to mess. The ten tips below are designed to help doctors have a positive home buying experience and find … Continue reading “10 Tips Doctors Should Follow When Purchasing a Home”

Retirement Planning is always a complex process, but it presents some unique challenges for doctors and dentists. Although many of the basic principles remain the same for retirees from any industry, doctors and dentists often start saving later in life because of lengthy educational requirements, and they also tend to have significant student loan debt. … Continue reading “Retirement Planning for Doctors and Dentists: Four Tips for Success”