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2 weeks ago | 
healio.com | David Mandell |Adam Braunscheidel
Key takeaways: Incapacity planning not only protects assets but also ensures that medical care preferences are followed. Plans should be reviewed at least annually or after significant life events. Although estate planning is often “on the radar” for physicians, too often they ignore another important planning area — incapacity planning.
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1 month ago | 
dermatologytimes.com | David Mandell |Adam Braunscheidel
Many physicians identify their No. 1 financial goal as achieving a comfortable retirement on their terms. For both practice owners and employed dermatologists, a qualified retirement plan (QRP) will likely be a fundamental factor in achieving retirement financial goals. This article provides an overview of QRP basics. For a more in-depth discussion, we encourage you to use the Dermatology Times code found at the end of this article to get a free copy of our latest book.
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Feb 17, 2025 | 
healio.com | Sanjeev Bhatia |David Mandell |Adam Braunscheidel
For high-income earners, including physicians, getting funds directly into a Roth IRA or other after-tax accounts can be a complex challenge. For 2025, the income phase-out range will increase to between $236,000 and $246,000 for married couples filing jointly, up from between $230,000 and $240,000 in 2024.
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Feb 5, 2025 | 
healio.com | Sanjeev Bhatia |David Mandell |Adam Braunscheidel
Key takeaways: A popular method to circumvent income limits on direct Roth IRA contributions is with the backdoor Roth IRA. Roth 401(k) deferral contributions may be a more straightforward path for funding after-tax accounts. For high-income earners, including physicians, getting funds directly into a Roth IRA or other after-tax accounts can be a complex challenge.
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Sep 20, 2024 | 
healio.com | Sanjeev Bhatia |David Mandell |Adam Braunscheidel
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Aug 16, 2024 | 
healio.com | Sanjeev Bhatia |David Mandell |Adam Braunscheidel
You've successfully added to your alerts. You will receive an email when new content is published. Click Here to Manage Email Alerts We were unable to process your request. Please try again later. If you continue to have this issue please contact [email protected]. Key takeaways: Choosing the right qualified retirement plan is a pivotal decision in retirement planning. Well-designed retirement plans offer physicians a solid foundation for their financial future.
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Jun 19, 2024 | 
dermatologytimes.com | David Mandell |Adam Braunscheidel
The end of residency marks an important career milestone for young dermatologists. Completing medical and specialty training is an accomplishment to take pride in, as countless hours—not to mention blood, sweat, and tears—have gone into it. From a clinical perspective, a young dermatologist can now go it alone, treating patients without anyone looking over their shoulder or checking their work.
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Apr 12, 2024 | 
dermatologytimes.com | David Mandell |Adam Braunscheidel
Nearly every dermatologist wants to improve their after-tax investment performance. One tactic to do so is called tax-loss harvesting. Many dermatologists have heard this term but may not understand what it means or when it should be applied. In this article, we will describe this tactic in some depth, including using a dermatologist case study. Tax-loss harvesting occurs when an investor sells an investment at a loss to offset current or potential future gains on other investment positions.
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Mar 11, 2024 | 
healio.com | David Mandell |Adam Braunscheidel |Gina Brockenbrough
You've successfully added to your alerts. You will receive an email when new content is published. Click Here to Manage Email Alerts We were unable to process your request. Please try again later. If you continue to have this issue please contact [email protected]. Completing medical education and training is a monumental achievement that can launch a successful lifetime career.
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Oct 11, 2023 | 
healio.com | David Mandell |Adam Braunscheidel |Mindy Valcarcel
You've successfully added Hematology Oncology: Practice Management to your alerts. You will receive an email when new content is published. Click Here to Manage Email Alerts We were unable to process your request. Please try again later. If you continue to have this issue please contact [email protected]. Physicians of all specialties are likely aware of health savings accounts and their use by patients and doctors alike to pay for health-related expenses.
