M Advisor Podcast: Financial Clarity for Physicians

M Advisor Podcast: Financial Clarity for Physicians

by M Advisor

When To Purchase A Life Insurance Policy

Too often the conversations about life insurance are geared toward how much insurance to purchase. This conversation focuses on when to consider life insurance purchases and changes. What do you look for when you look at your own policies? Easy ways to make sure your insurance policies are up to date.

Unified Gift And Estate Tax Exemption

What are gift taxes? What are estate taxes? These taxes are uniquely positioned to work together, yet they are distinct taxes. Learn the basics of how these taxes work. Understanding the basics of these taxes might help you plan for your kids.

Are We Saving For Someone Else?

We are all saving for someone else, even if we're saving for ourselves. As time passes, are we taking care of our future selves? How can we be aware of what we will need as we get older.

Summer Financial Planning Conversations

The summer often provides a bit slower routine, which allows us time and capacity to consider what's important in our lives. In financial planning, understanding the kind of life you want to live is a great accomplishment. With some self-awareness, you can prioritize meaningful planning objectives and filter those that aren't.

Combining Finances

How do you go about combining finances after you get married? Here are some talking points, fundamentals, and things to consider when combining finances.

Term Life Insurance

How does term life insurance work? Life insurance is generally pretty complicated. Term life insurance is the simplest kind of life insurance, but there are a few things to be aware of. I've seen too many individuals get bad advice on their life insurance because it benefitted the insurance agent. Life insurance shouldn't be a zero-sum game, and you shouldn't have heartache when buying life insurance. In this podcast, learn some of the basics of the two primary types of term life insurance, their pros and cons, and what to look out for when reviewing or purchasing a policy.

Legacy After Death

Let's get morbid! What is the impact of your legacy on the decisions and to-dos surrounding your own passing and funeral? There are a lot of decisions that are made after a person dies: do you want to be buried or cremated? Where do you want to be buried? Do you want your ashes spread or held? Is it fair to force our grieving families to make these decisions on our behalf? How do we even have these conversations with our loved ones?

Self Employment Tax

What is the self employment tax? If you have any 1099 wages, there is a good chance you are subject to the self employment tax. Depending on your personal tax situation, the self employment tax could be devastating to your lifestyle and your ability to save for your future. Learn what the self employment tax is, so you can be aware of one of the biggest tax traps!

What If You Achieve Your Financial Goals? Then What?

What if you create a financial goal and are successful at achieving it? Then what? Is planning for our financial future a fulfilling endeavor? Are there other questions we should be asking ourselves when we plan ahead? If we retire, for example, is that enough? Is achieving a goal enough to keep us fulfilled?

Is An Inheritance An Obligation?

As a parent, is an inheritance an obligation to provide? Can an inheritance promote negative outcomes? What are your thoughts on inheritances?

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