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July 16, 2019

What to Expect Financially When You’re Expecting: Part II

Written by Nathan Snow, CFP, EA , Posted in

In this series we will cover things you should consider financially as you prepare for your new bundle of joy.

PART II: Your Company Benefits Package Our second article in the What to Expect Financially when you’re Expecting focuses on company benefits. While there are many benefits that could be highlighted, this article will focus on a few of the benefits that we think are important to review in light of the upcoming change of … Continue reading “What to Expect Financially When You’re Expecting: Part II”

May 21, 2019

3 Financial Rules for Physicians and other High-Income Professionals

Written by Barry J Swaim, CFP , Posted in

Intelligent high-income professionals tend to make the same mistakes when it comes to making a decision about their finances.

Here are 3 rules that all physicians can live by in order to make sure they avoid these mistakes and reach financial utopia. Rule # 1 Focus on Saving a 20% Percent of Your Income If you learn to live on 80% of your pre-tax income, then you will be in a good position for … Continue reading “3 Financial Rules for Physicians and other High-Income Professionals”

April 24, 2019

Who’s In Your Corner?

Written by Barry J Swaim, CFP , Posted in

THE BENEFITS OF WORKING WITH A FINANCIAL ADVISOR TO CREATE YOUR PERSONAL FINANCIAL LIFE PLAN

It is widely agreed upon that most of us don’t do our own plumbing, we don’t fill our own cavities, and we tend to bring our vehicles to the mechanic when they have problems. There are certain things in life where someone’s expertise is both valuable and a time saver. The same can be true … Continue reading “Who’s In Your Corner?”

April 24, 2019

What to Expect Financially When You’re Expecting

Written by David Klepeisz, CFP, EA , Posted in

In this series we will cover things you should consider financially as you prepare for your new bundle of joy. In this first installment we will cover estate planning documents.

You may be wondering why I would focus on estate planning first? According to a 2017 survey conducted by Caring.com, only 36% of adults with children under the age of 18 have a will. Which is understandable, who wants to sit around thinking about their inevitable demise? With a child, a lot of things change … Continue reading “What to Expect Financially When You’re Expecting”

March 15, 2019

Physicians’ Disability Insurance: Three Aspects to Consider

Written by accruentadvisors , Posted in

For most high-income professionals, having disability insurance is one of the most important aspects of your financial life.

While most doctors place the emphasis and importance on having life insurance, in our opinion disability insurance is equally important, if not more so. For example, according to the 2013 U.S. Social Security Administration fact sheet, one in four of today’s 20-year-olds will become disabled before they retire. The main risk that physicians face with … Continue reading “Physicians’ Disability Insurance: Three Aspects to Consider”

February 15, 2019

4 Tax Breaks for High-Income Households

Written by Barry J Swaim, CFP , Posted in

There are many tax deductions and opportunities designed specifically for low to middle earning households and they often have income limits built right in.

In this article, we will look at some tax breaks for high-income households. First off, we will be defining high income as those in the 32% threshold tax bracket and up. A single filer reporting earnings of $157,500 or more and a married-couple filing jointly at or over $315,000. The new changes to the tax … Continue reading “4 Tax Breaks for High-Income Households”

January 16, 2019

Eight Things You Should Know About Your Digital Assets Before You Die

Written by accruentadvisors , Posted in

So, you've crafted a plan for how you want your wealth, possessions and other assets to be distributed after you pass. But what happens to your digital assets?

Think about it. Our whole lives are online–bank and investment accounts, social media profiles like Facebook and LinkedIn, shopping sites like Amazon and eBay and the list could go on and on? Have you ever considered what happens to your frequent flyer miles or your shopping rewards points in your absence? It may sound silly, … Continue reading “Eight Things You Should Know About Your Digital Assets Before You Die”

December 30, 2018

Are You Eligible for Student Loan Forgiveness?

Written by accruentadvisors , Posted in

According to the latest statistics on medical student debt published by the Association of American Medical Colleges, it is estimated that 86% of graduates carry student loan debt.

As a way to help with this large debt burden, the government created the Public Service Loan Forgiveness Program or PSLF for short. If you research PSLF to get an explanation on how the program works, you will get the following summary according to the Federal Student Aid website: “The PSLF Programs forgives the remaining … Continue reading “Are You Eligible for Student Loan Forgiveness?”

December 19, 2018

The Tangible and Intangible Benefits of Charitable Giving

Written by accruentadvisors , Posted in

“Every good act is charity. A man's true wealth hereafter is the good that he does in this world to his fellows.”-Moliere

Incorporating charitable giving and volunteering into daily life can be a great way to bring positives to both you and your community at large. This article will discuss the benefits of charitable giving, both for well-being and taxes, as well as encourage you to do your research on how best to incorporate giving into your … Continue reading “The Tangible and Intangible Benefits of Charitable Giving”