The Back-door Roth IRA is a great strategy for high income earners. But you must proceed with caution. We’re finding that, for many people, it’s unknowingly causing more harm than good. How can you avoid…
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Should I Turn Down a Raise Because of My Tax Bracket?
NO. We get this question from clients quite often. It’s not always a direct question – sometimes we just pick up on the issue through comments made during meetings. But the topic comes up enough…
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How Will the 2018 Tax Changes Affect You?
2018 is bringing with it some new, big tax changes. But what exactly does that mean for you? We have highlighted ten big changes that are most likely to affect you this year.
Mega-Deduct and Convert: Save Thousands On Roth IRA Contributions
This article from the Finance Buff explains a great way to save hundreds on Roth IRA contributions. But I wanted to expand upon this idea and highlight an even bigger way to save using a similar strategy. Thanks…
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Why Using Your HSA Balance Now Is Not Always Smart
Most people assume it’s best to use their HSA for out of pocket healthcare costs. But is that really the smartest decision? How The HSA works Contributions are pre-tax or tax-deductible in the year they’re…
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5 Hidden Taxes Physicians Unknowingly Pay
In 2014, there were approximately 123 million households in the US. This means that for every one household, the government collected over $49,000 in total taxes. I don’t know about you, but that’s WAY more than I expected. As a naturally curious person, I wanted to know more.
Choosing Between HSA’s, Traditional & Roth 401k’s and IRA’s
We regularly receive this question from clients: Between HSA’s, Traditional & Roth 401k’s and IRA’s – which is the best type of account to build wealth? Answer: In most cases, the HSA is your best…
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How Employers Penalize Ambitious 401k & 403b Savers
Normally, companies reward ambitious and productive employees. After all, these employees make their employers lots of money. In this case, though, it’s the reverse. Many “on the ball” retirement plan savers are being penalized by…
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How Physicians Should Prioritize Different Retirement Plans
10 Reasons the HSA is your Best Tax Shelter
Our clients ask us all the time.. “What is an HSA? Should I use it? Why should use it?” This leads us to believe that there is some mystery and confusion surrounding HSA’s and we’re…
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