Posts Tagged ‘backdoor Roth’
Marriage, Kids, and Care Credits for Doctors
Life changes.So do your taxes. This guide keeps it simple and focused.Short lines. Clear steps. Practical moves you can use this year. What changes when you marry Your filing status shifts the brackets. You may hit phaseouts sooner or later, depending on income mix. With two earners, withholding needs a reset. Student loans and repayment…
Read MoreMake Your Retirement Plan Pay You Back
You work hard.Your retirement plan should pay you back now and later. This guide gives you clear steps you can run this month.Short lines. Direct actions. No fluff. What “pay you back” means Cash benefit today Lower taxes this year Flexible withdrawals later Protection for family and practice Ask yourself: Where’s the free money? Which…
Read MoreCash Balance Plans for High-Earning Physicians: When It Works
You earn a strong income.You want a bigger deduction and a predictable way to save.A cash balance plan might fit. It might not. This guide keeps the steps simple. Clean math. Real trade-offs. Short lines you can scan. What a cash balance plan is A defined benefit plan with a pay credit and an interest…
Read MoreMake Your Retirement Plan Pay You Back
You work hard.Your retirement plan should pay you back—now and later. This guide shows simple moves you can run this month.Short lines. Clear actions. No fluff. What “pay you back” means Cash benefit today Lower taxes this year More choices later Protection for your family and practice Ask yourself: Where can I get free money?…
Read MoreDoctors’ 2025 Tax Playbook: Keep More Of Your Income
You work hard for your income.Keep more of it. This playbook gives you simple steps, quick checks, and clean moves you can run all year. Short lines. Clear actions. No fluff. W-2 vs 1099: know your lane Employed (W-2): You can’t deduct unreimbursed job costs on your federal return. Use workplace plans. Adjust withholding after…
Read MoreWhen Does a Roth Conversion Make Financial Sense?
A Roth conversion lets you shift money from a pre-tax retirement account into a Roth IRA. The trade-off: you pay taxes now in exchange for tax-free withdrawals later. Done strategically, a Roth conversion can lower your lifetime tax bill, reduce required minimum distributions (RMDs), and give you more control over retirement income. But the benefits…
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