Mid-Year Tax Changes That Will Help You

August 22, 2022August 16, 2016 by Justin Nabity

Making mid-year tax changes can completely change your outlook for the year

Mid-year tax changes are a great way to make sure you’re even with the government come tax season. Remember, if you get a large refund, you’ve given the government an interest-free loan straight from your pocket!
One of the easiest ways to reduce your household income tax liability is to maximize your contributions to tax-deductible vehicles such as 401k, 403b, 457b plans.

Each of these allow you to put away $18,000 which means you could take a tax deduction of $54,000. How much tax would this save you if you were in the 35% income tax bracket? That would be $18,900. Simply by shifting your income from once place to another can provide that much tax relief.

So what happens to the growth inside of these accounts and the income that you can take in retirement?

The Doctor’s Life Podcast 038- How Much Money Do You Need to Retire?

June 27, 2024August 8, 2016 by Justin Nabity

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Retirement Plan for Doctors

It’s that number we started wondering about years ago- How much money do you need to retire? Is there actually an exact number? And for a doctor, you started in your practice at least ten years after many started their careers.

Justin Nabity is in The Doctor’s Life Podcast studio to see if he can answer the question.

All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

Why Do You Need a Financial Planner?

June 27, 2024July 27, 2016 by Justin Nabity

Financial Planner Tips

We all have things we want to accomplish in life. If you’re like most, you’ve spent some time thinking about these things. Initially, it’s as simple as deciding on what area of medicine you want to practice. Beyond that, it usually consists of putting together a more detailed list of the things you want to accomplish. Or a list of the goals you have. Here are some financial planner tips!

As a physician, you’ve spent countless hours preparing and training for your profession. A lot of times, the idea of taking care of the financial essentials can seem overwhelming. Whether it’s making sure the contract you’re offered is fair or getting the adequate amount of disability insurance, each one of these things. Along with funding any other goal for that matter, can feel like just another item to take care of. And one more thing you can check off your list.

I would suggest however, there’s a better way to approach these things and all your goals for that matter, so you don’t sell yourself short.

The Doctor’s Life Podcast Episode 036- Minimizing Your Taxes

November 14, 2022July 25, 2016 by Justin Nabity

With it being mid-summer, a lot of people don’t think about minimizing your taxes. But right now is the perfect time to evaluate where you’re currently at for the year so your taxes aren’t a complete surprise next year.

Justin Nabity is in The Doctor’s Life Podcast studio with answers to questions you will have when you are leaving your current employer. All episodes of The Doctor’s Life Podcast are available on iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

The Doctor’s Life Podcast Episode 035- Why Is Financial Planning Important?

June 27, 2024July 18, 2016 by Justin Nabity

Why Financial Planning is Important

If you are currently with a financial planner or not, you’ve still wondered “Why do financial planning?” You wonder if you are maximizing your investments or even your own paycheck.

Dave Swan makes his debut on The Doctor’s Life Podcast to tell you what you should expect with financial planning and what work you need to put in to make sure your financial planning is reaching its potential. All episodes of The Doctor’s Life Podcast are available on iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

The Doctor’s Life Podcast Episode 033- Keep Your Spouse Involved In Your Finances

November 14, 2022July 4, 2016 by Justin Nabity

It may not be something you want to hear, but keeping your spouse involved in your finances is important. I know, I know…sometimes they are terrible with money. Or maybe they just aren’t interested in going through financial goals or looking at a present-day money situation. It is important for your family’s financial goals that they are involved. If both of you are involved, you will be directed towards one common goal.

Nick Schneider is in The Doctor’s Life Podcast studio to explain why it is important for you to have your spouse involved in your finances. All episodes of The Doctor’s Life Podcast are available on iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

The Doctor’s Life Podcast Episode 029- Paying for Your Child’s Education

November 14, 2022June 6, 2016 by Justin Nabity

It may be a dream of yours to be able to start paying for your child’s education. As you know, and education is already expensive, so imagine when your child gets to that age to choose a major and you had it set in your mind that you wanted to pay for it all!

Nick Schneider is back for this episode of The Doctor’s Life Podcast to let us know how to start saving now so when it comes to paying for your child’s education, we are prepared and can pull it off. All episodes of The Doctor’s Life Podcast are available on iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

DLP 028- What to Expect in a Financial Plan?

June 27, 2024May 31, 2016 by Justin Nabity

Many of us rely on a financial advisor to develop a financial plan to get us to our goals. So what exactly should we expect from a financial advisor?

Justin Nabity is back for this episode of The Doctor’s Life Podcast to let us know what to look for when an advisor develops our financial plan. All episodes of The Doctor’s Life Podcast are available on iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

The Doctor’s Life Podcast Episode 026- The Correct Way to Withdraw Your Retirement Funds

November 14, 2022May 16, 2016 by Justin Nabity

Do you know there is actually a correct way to withdraw your retirement funds? You’ve been throwing money in so many investment vehicles over the years. Now that you’re ready to capitalize on that money, make sure you withdraw your retirement funds the correct way.

Nick Schneider is back in The Doctor’s Life Podcast studios to run us through withdrawing your retirement funds. All episodes of The Doctor’s Life Podcast are available on iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

Volatility Is Not Risk

August 22, 2022April 28, 2016 by Justin Nabity

Volatility Is Not Risk You should not confuse the two. What is risk? To the conservative investor, risk is a negative. To the opportunistic investor, risk is a factor to tolerate and accept.Whatever the perception of risk, it should not be confused with volatility. That confusion occurs much too frequently. We can consider volatility … Read more

Making mid-year tax changes can completely change your outlook for the year

Retirement Plan for Doctors

Financial Planner Tips

Why Financial Planning is Important

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