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

The Doctor’s Life Podcast 021- Maximizing Your Roth IRA

June 27, 2024April 11, 2016 by Justin Nabity

Roth IRA Podcast

Many physicians believe they can’t do a Roth IRA. Sure, there are income limits on Roth IRAs, but there is a rule that turns out to be a nice workaround to help you maximize your Roth IRA.

Justin Nabity is in The Doctor’s Life Podcast studios to help you with your Roth IRA info and that workaround. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud.

Listen to this podcast on Maximizing Your Roth IRA here.

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 008- How’s Your Financial Health?

June 27, 2024January 12, 2016 by Justin Nabity

It’s that time of the year when you’re looking at bills from the holidays, maybe a job offer or going after a job offer, and tax season is starting to roll around. It’s time to ask yourself about your financial health. Sometimes you have to be brutally honest with yourself when assessing your financial health.

Nick Schneider is in studio this week to help you determine your financial health.

All episodes of The Doctor’s Life Podcast are available on iTunes and SoundCloud. If you have an Android device, you can download a podcast player (I recommend Podcast Addict), and it will pull from iTunes. 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 006- Capitalizing On Your 401k

November 15, 2022December 22, 2015 by Justin Nabity

401k. Those three numbers and a letter makes most of us excited yet completely confused. Your 401k is a solid investment tool that employers provide, yet, if it is not done properly, means you are setting yourself up for failure later on when you close in on your retirement. Did you know you can actually change what is on your 401k throughout your career? It makes sense, but how do you change-up your 401k? Nick Schneider is hopping on to The Doctor’s Life Podcast to give you a run down on the life of your 401k.

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.

An IRA – A Simple First Step in a Physician’s Retirement Plan

July 23, 2021July 22, 2015 by Justin Nabity

Retirement planning can easily start with these accounts.

When a physician decides to start saving for retirement, taking that “first step” can seem like a big deal. Opening an Individual Retirement Account (IRA) amounts to an easy “first step” in many physicians’ retirement plans.
When you invest through a traditional or Roth IRA, you give those invested assets the potential to grow with compounding and you also position yourself for present or future tax savings.

10 Benefits of a Roth IRA

November 4, 2022April 20, 2015 by Justin Nabity

Why do so many people choose them over traditional IRAs?

The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced, it has become a fixture in many retirement planning strategies.

We can sum up the key argument for going Roth in a sentence: Paying taxes on your retirement contributions today is better than paying taxes on your retirement savings tomorrow.

Retirement Account Rollovers – The Tax Implications

June 27, 2024April 20, 2015 by Justin Nabity

When physicians consider rolling over retirement accounts, the tax implications should be factored into the decision.

The decision as to whether you should roll over your 401k plan to an IRA, another employer’s 401k plan, or simply to leave it where it is, involves several different factors, including long term investment cost and the availability of investment options within the plans. Both can impact the long term performance of your retirement plan. However, a critical factor that can have a big impact, both short and long term, are the tax implications of a rollover. Understanding these implications is essential before making any decision regarding your 401k plan.

What’s Missing in Your Financial Plan?

October 18, 2022April 20, 2015 by Justin Nabity

As a physician, what key elements are missing in your plan to get on track and stay on course for financial success?

There’s no denying that physicians have a greater opportunity to earn a great living and build wealth than most people; however, they also face several challenges, such as the initial delay in starting their careers under a mountain of debt. Their ability to earn a high, six-figure income is their most valuable asset, but it must quickly be converted into capital that can be accumulated and preserved if they are to achieve financial independence within a shorter time horizon. Without a comprehensive financial plan to guide them in their financial decision, even high-earning physicians can fall well short of that goal.

Roth IRA Podcast

Retirement planning can easily start with these accounts.

Why do so many people choose them over traditional IRAs?

When physicians consider rolling over retirement accounts, the tax implications should be factored into the decision.

As a physician, what key elements are missing in your plan to get on track and stay on course for financial success?

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