Posts Tagged ‘physician tax advisors’
When 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…
Read MoreHigh-Income Earners: Should You Use a Deferred Compensation Plan?
If you’re a high-income professional—particularly a physician—you may be looking for ways to reduce your tax burden while building long-term wealth. One overlooked tool that can help is the deferred compensation plan. But is it the right move for you? Let’s explore how these plans work, how they benefit high earners like doctors and executives,…
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