Sanjeev Bhatia

3 weeks 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.

1 month 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.

2 months ago | 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.

2 months ago | 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.