Backdoor Roth IRA

It’s never too early to start planning for retirement.

As a physician, you endure more years of school and training than folks in almost any other profession. That means that by the time you start working, you’re already behind in terms of retirement savings.

So how do you catch up? What’s the best way to start building a retirement portfolio?

If you’ve already maxed out your employer 401k or 403b, it’s time to start looking for other long-term savings vessels to protect your assets.

One great way to fund your retirement is through a backdoor Roth IRA.

Beneficiary

The individual or entity designated by the policyholder to receive the death benefit proceeds when the insured dies. A policyholder can name several beneficiaries which are often designated as a primary (first to receive benefits) and contingent (receives benefits if the primary beneficiary is already deceased).

Benefit Period

The Benefit Period is how long your income can be replaced in the event of a long-term disability. Provider Definitions Ohio National This is the longest period of time that base monthly benefits or rider benefits will be paid for one total disability caused by the same or related injury or sickness. Mass Mutual The maximum length … Read more

Broker

A person licensed by the state to sell insurance. Because they have selling agreements with multiple companies, they can work on behalf of the client to search the market for the most suitable insurance products for their situation.

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