The Doctor’s Life Podcast Episode 005- You’re Paying Too Much In Taxes

June 27, 2024December 17, 2015 by Justin Nabity

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Well, we are about to wrap up 2015. That means it’s about time to dive in to your taxes. Some of us look forward to that refund from the IRS and already have that check spent. That also means we are paying too much on our taxes.

Nick Schneider is back on The Doctor’s Life Podcast with a few tips on how to avoid paying too much on your taxes and some easy ways to get Uncle Sam out of your pocket.

All episodes of The Doctor’s Life Podcast are available here, iTunes, and on SoundCloud. If you have an Android device, you can download a podcast player (I recommend Podcast Addict), and it will pull from iTunes.

How Gen Xers Can Get Their Retirement Saving Back on Track

May 22, 2023December 7, 2015 by Justin Nabity

Steps that may help to address a savings shortfall.

Were you born within the years 1965-1980? That makes you a member of Generation X, and it means you are between ages 42-57. Gen Xers now constitute “the sandwich generation” – how time flies.¹

Broadly speaking, GenX is the first generation that has had to save for retirement without traditional pension plans. In addition, most Gen Xers will probably retire after 2033 – the year in which Social Security predicts its trust funds will run dry, barring federal government intervention.¹

With eldercare responsibilities, kids, and student loans, this demographic is challenged to save for retirement. In fact, 34% of Gen Xers participating in a recent Northwestern Mutual survey stated they had no idea how much retirement income would be sufficient for them. In April, Bankrate found that just 12% of Gen Xers direct more than 15% of their incomes into savings; about 40% were saving 5% or less of their incomes. More disturbingly, 46% of Gen Xers who responded to a May Allianz Life retirement preparedness survey indicated that they would “just figure it out when I get there.”^1,2

The Doctor’s Life Podcast Episode 002- 50/30/20 Rule

June 27, 2024November 19, 2015 by Justin Nabity

In this episode of The Doctor’s Life Podcast, Nick Schneider dives in to the 50/30/20 rule. From buying a car, home, saving for a college fund, going on vacation, or even eating out, the 50/30/20 rule is one to have in the back of your mind.

All episodes of The Doctor’s Life Podcast are available on iTunes, and on SoundCloud. If you have an Android device, you can download a podcast player (I recommend Podcast Addict), and it will pull from iTunes.

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Investing in Agreement With Your Beliefs

November 4, 2022October 6, 2015 by Justin Nabity

The case for aligning your portfolio with your outlook & worldview.
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Do your investment choices reflect your outlook? Are they in agreement with your values? These questions may seem rather deep when it comes to deciding what to buy or sell, but some great investors have built fortunes by investing according to the ethical, moral and spiritual tenets that guide their lives.

Sir John Templeton stands out as an example. Born and raised in a small Tennessee town, he became one of the world’s richest men and most respected philanthropists. Templeton maintained a lifelong curiosity about science, religion, economics and world cultures – and it led him to notice opportunities in emerging industries and emerging markets (like Japan) that other investors missed. Believing that “every successful entrepreneur is a servant,” he invested in companies that did no harm and which reflected his conviction that “success is a process of continually seeking answers to new questions.”¹

Special Needs Trusts

October 4, 2023October 1, 2015 by Justin Nabity

If you have a child with special needs, you face long-run financial demands that cannot be fully met through federal and state assistance. What can you do to try and meet them?

When a Minor is a Beneficiary

December 27, 2024August 31, 2015 by Justin Nabity

Naming a minor as a beneficiary brings up a major concern. If parents or grandparents make a child a primary or contingent beneficiary of an insurance policy, IRA or investment account, they should be aware that most policies and investments will not directly transfer to a minor. They need to be received by a court-approved property guardian, a trustee of a children’s trust, or a revocable living trust beforehand.¹

6 Major Risks to Family Wealth

June 27, 2024August 28, 2015 by Justin Nabity

All too often, family wealth fails to last. One generation builds a business – or even a fortune – and it is lost in ensuing decades. Why does it happen, again and again?
It is because families fall prey to serious money blunders – old and new. Classic mistakes are made, and changing times aren’t recognized.

Why You Should Look for a Registered Investment Advisor

October 18, 2022August 8, 2015 by Justin Nabity

Who should manage significant wealth? In recent years, more and more high net worth households have found their answer to that question: a Registered Investment Advisor.

What’s Your Financial Health Score?

July 27, 2021July 17, 2015 by Justin Nabity

Can a 5-question test predict how wealthy you will become?

In the future, will you become wealthier or poorer? Who knows, right? It seems like you would need a crystal ball to really answer that question given life’s up and downs. What if the answer is right in front of you? What if you can determine it from your present financial behaviors? Two economists present a brief questionnaire – and an audacious claim that these five questions can predict your financial future.

A Physician’s Estate Planning Checklist

October 18, 2022May 28, 2015 by Justin Nabity

8 Things to Check & Double-Check as you Prepare

Estate planning is a task that people tend to put off, as any discussion of “the end” tends to be off-putting.

However, those who die without their financial affairs in good order risk leaving their heirs some significant problems along with their legacies.

No matter what your age, here are some things you may want to accomplish this year with regard to estate planning.

Need help with something else?

Can a 5-question test predict how wealthy you will become?

8 Things to Check & Double-Check as you Prepare

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