3 Things All Medical Professionals Should Track
What gets measured, gets managed! The idea is simple – when you pay attention to something and actively track it, you’re more likely to improve it. The concept applies to many areas beyond business, including personal finance. Successfully managing your finances is about setting goals, then taking necessary steps over time to reach those goals. […]
Read moreEntrepreneurship as a Means to Financial Independence
When you read the word entrepreneurship, I’m guessing you have a few predisposed thoughts that enter your brain. It’s probably some kind of picture, idea, or very possibly a stereotype of what you think entrepreneurship is all about. For most people this image probably has something to do with a new idea, passion, long hours, […]
Read moreBackdoor Roth IRA – 5 Steps
We’re in the middle of tax season and there is still time to contribute to an IRA for last year! Whether it’s a Traditional IRA, Roth IRA, or Backdoor Roth IRA, the IRS allows you to make prior year IRA contributions up until the tax filing deadline of April 15th. We have a 15 ½ […]
Read moreARE YOU MENTALLY PREPARED FOR A 40% MARKET DECLINE?
Many investors are completely unaware of the amount of inherent risk in their investment portfolios. My job is to make sure you aren’t caught unprepared for the next gut-wrenching market correction. Now is the time to ask the question “How far can your investments drop in this market correction?” Once you understand how much of […]
Read more3 Questions To Start A Financial Plan
The majority of our focus when dealing with our money is on our spending and savings. Our common view is that we will save over a long career to build up our 401k and other investment accounts so that we can retire one day. This is necessary and wise but there is much more to […]
Read more7 Rules of Investing
Investing can seem intimidating and overwhelming. But you don’t have to just cross your fingers and hope for the best. 1. MANAGE YOUR EMOTIONS Behavior is a major factor in investment success. By being aware of your emotions and knowing your behavioral pitfalls, you can avoid many investment mistakes caused by panic. Finances are an […]
Read moreYou Must Unlearn What You Have Learned
What’s Taught: Pick winning Stocks Find superior money managers Time Markets Financial Press What Matters: Reduce Expenses Diversify portfolios Minimize Taxes Discipline
Read moreHow a tax-focused financial advisor can help small business owners
A tax-focused financial advisor has the experience and expertise to help you make the most of your initial capital investment into the business. They can help you assess the viability of your business model and outline strategies and timelines for your path to profitability. Here are some of the ways a financial advisor can ensure, accelerate, […]
Read moreWhy Healthcare Professionals Shouldn’t Buy Insurance Without a Financial Plan
Within the financial service industry, there is no higher form of achievement than sales to medical practitioners during and after their years in residency. The insurance and financial industry have understood for years that graduates from medical school, regardless of their chosen field of expertise, have a potential for significant income over their lifetime. The […]
Read moreHow Tax Planning Changes Through Four Stages of Retirement
Your tax exposure will change throughout four stages of retirement, you’ll need a strategy that anticipates both traditional taxes AND possible taxes, surcharges, and penalties related to Social Security, Medicare, and other income sources. That means you’ll need an informed and proactive plan that addresses how you create your income in retirement. My goal is […]
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