What Should I Do with My Tax Refund?
If you're expecting a refund, making a plan for it can help you and help others.
Women in Dentistry: Take Control of your Finances and Future
Demands of practice management, taking care of family and making time for self-care can be hard to manage. Women tend to want to “do it all,” but hiring other professionals, both in and out of your practice, makes your life easier and allows you to focus on your profession and personal life. Taking the time to financially prepare and establish those relationships now will only ensure a stronger, less stressful financial future.
Uncertainty Brings Incentive - a New Type of Retirement Plan
There is ambiguity in future legislation surrounding retirement savings, taxes, student loans, and COVID-19 support. The Biden proposals could alter the retirement plan landscape, which some anticipate to be a potential heavier regulatory hand in order to promote better workplaces and employment opportunities for all. There is anticipation within the first 100 days of the Biden administration to mandate employers to provide auto-enrollment plans so that almost all workers will have access to an 'automatic 401(k),' and we may see additional incentives for adopting these plans. For small- and mid- sized businesses there is an attractive option that is new this year to consider with several key benefits: a PEP.
4 Ways to Start the New Year Financially Strong
It’s time for new resolutions and goals - here are four simple steps to get your financial ducks in a row. Bob Powell from The Retirement Daily, 'The Street', a financial news and financial literacy website, interviews adviser Haley Tolitsky about how to kick-off the new year strong when planning your finances in this edition of the NextGen Money topic.
Three Financial Planning Steps to Take Before Year-End
Most likely your financial situation and goals have shifted slightly over the past year. Reviewing and updating (or creating) your financial plan may seem cumbersome, but it's crucial for establishing a successful financial future. Financial Planner Haley Tolitsky outlines steps to take to tidy up your finances and prioritize for the upcoming year on 'The Street', a financial news and financial literacy website.
The U.S. Retirement Crisis – Dentists Aren’t Immune
News headlines have been spreading fear that Americans are not doing enough today to reach their retirement goals. Dentists and their employees should be aware of this crisis in order to face the issues surrounding it, as well as to determine a resolution to avoid it.
The Backdoor Roth: A Valuable Tool for High-Income Earners
High-wage earners, such as dentists, often face a conundrum: they need to save more to enjoy a quality of life in retirement that is comparable to the one they enjoy now; however, some retirement accounts, such as Roth IRAs, have earnings limits that exclude these professionals from participating.
You Can Contribute More to Your Retirement Plan in 2019
If you’re behind on saving for retirement, good news. The IRS recently announced 2019 contribution limit increases for a range of retirement accounts.
Cash Balance Plans: A Retirement Planning Strategy to Save Taxes and Create Wealth
With summer’s arrival, you may be dreaming of retirement so that you can enjoy the R&R of the season all year long. As a practice owner, you have a unique retirement planning strategy often favored by high-earning entrepreneurs: the cash balance plan.