Sanjeev Bhatia

2 weeks ago | healio.com | Sanjeev Bhatia |David Mandell |Michael Lewellen

Key takeaways: One of the most effective ways to teach children about financial responsibility is to lead by example. Ultimately, the key to financial success is early education and consistent, age-appropriate conversations. As children grow and progress through formal education, they acquire a range of skills that are meant to prepare them for adulthood.

3 weeks ago | healio.com | Sanjeev Bhatia |David Mandell |Bob Peelman

Reaching a comfortable retirement is the number one financial goal for nearly all physicians. To that end, qualified retirement plans can play a major role. Any new opportunity in qualified retirement planning is noteworthy for all physicians, especially for those nearing retirement. In this article, we highlight one such planning opportunity.

1 month ago | healio.com | Sanjeev Bhatia |David Mandell |Bob Peelman

Key takeaways:Provisions in the SECURE 2.0 Act allow individuals to make super catch-up contributions to their retirement plans. Individuals aged 60 to 63 years can participate in these higher catch-up contributions. Reaching a comfortable retirement is the number one financial goal for nearly all physicians. To that end, qualified retirement plans can play a major role. Any new opportunity in qualified retirement planning is noteworthy for all doctors, especially for those nearing retirement.

1 month ago | healio.com | Sanjeev Bhatia |David Mandell |Carole Foos

Orthopedists, like all physicians, typically have tax reduction and long-term wealth accumulation at the top of their financial objectives. The strategy of tax diversification is valuable to achieve both goals and is a concept that Carole C. Foos, CPA, and David B. Mandell, JD, MBA, have presented for more than 20 years to doctors across the United States. In early 2025, we want to revisit this tactic and highlight its importance for physicians and other high-income earners.

2 months ago | healio.com | Sanjeev Bhatia |David Mandell |Carole Foos |Gina Brockenbrough

Key takeaways: It is important for physicians to diversify their wealth according to tax rate exposure. Diversification across tax buckets puts one in a position of strength and provides options for withdrawing income. Physicians typically have tax reduction and long-term wealth accumulation at the top of their financial objectives. The strategy of tax diversification is valuable to achieve both goals and is a concept that Carole C. Foos, CPA, and David B.