M Advisor Podcast: Financial Clarity for Physicians

M Advisor Podcast: Financial Clarity for Physicians

por M Advisor

Naming Beneficiaries

How many times have you overlooked naming beneficiaries on your retirement accounts and insurance policies? For such a simple task, its impact can be felt for generations. Are there rules for naming beneficiaries? Take a deep dive through the topic. For more information: https://www.m-advisor.com/blog/how-to-assign-a-beneficiary

Investment Fundamentals

Investment strategies can get complicated, but even when the situation gets complex, the fundaments often remain a backbone of any plan. This podcast takes you through the very basics of understanding a stock vs. a bond, and then how these investments are utilized. There are three core strategies discussed: strategic allocation, index investing, and tactical investment models.

Rolling 529 Plans Into Roth IRAs

Beginning in 2024, SECURE Act 2.0 will create a path for unused 529 college saving plans to be rolled into Roth IRAs. While this sounds like a great thing, there's a catch -- well, there are a lot of catches. Lots and lots of "red tape" surround this rule. The headline looks great, but how does this work? Learn if this ruling could be beneficial to you. For more information on this topic, feel welcome to read our article: https://www.m-advisor.com/blog/unused-529-plans-can-be-rolled-to-roth-iras

457 Plans

457(b) plans are offered at many hospitals around the country. These plans offer an easy way to reduce current earned income and provide another avenue of tax deferred growth; however, 457(b) plans are not retirement plans. Instead, these accounts are classified as salary deferral plans, so they are fundamentally different than retirement plans with their own pros and cons. Learn if 457(b) plans align with your financial goals or inhibit them.

Intro to Behavioral Finance - Confirmation Bias

Behavioral finance has been widely acknowledged and accepted by the financial planning community. Here is a brief introduction to one such topic of behavioral finance: Confirmation Bias. Once you understand confirmation bias, you can seek awareness of how you gather information about various topics. For more information, read Daniel Kahneman's book: "Thinking, Fast and Slow"

What is an HSA?

What is an HSA? Many physicians have them available in their benefit packages, but what do they do and how do they work? Find out if an HSA is right for you!

Take Care of Yourself, Too, This Year!

Who takes care of the caretaker? Physicians need to make sure to take care of themselves to be able to provide for their patients and families.

Financial Self Assessment

The new year often grants us the mental and emotional capacity to tackle big projects and better ourselves. Here are a few ways to self-assess your financial well-being to get your financial planning on track for you and your family's benefit.

The Future Is Unknown, Can Your Plan Keep Up?

The world around us is constantly changing. Can you create a financial plan that accounts for changes you couldn't possibly predict?

Discussing Plans and Legacies with Family

Money can be a difficult topic of conversation between family members, yet much of our financial planning is completed for the benefit of our family. How can we start the conversations about money that are supposed to make us feel connected -- not exposed. The stories about wealth and money create our legacies, but these stories often go undiscovered.

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