2020 Tax Planning

January is always a good time to take stock of what you accomplished in the previous year and start planning for how you will accomplish your goals in the new one. The IRS released some important updates you should be aware of so you can plan accordingly. Tax Brackets: Each year the IRS adjusts the

Read More »

Have You Checked the Canary in Your Coalmine?

I read the legendary story about rock band, Van Halen, stipulating in his contract that he must have a bowl of M & M’s backstage before every concert and that all of the brown colored candies need to be removed.  I didn’t believe that an entertainer could be so demanding and capricious.  However, I did

Read More »

Retirement Plan Options for Self-Employed Physicians

The retirement plan options available to self-employed physicians and other small business owners have historically been very limited.  As a result of some welcome changes, the menu of available retirement plans has increased, giving physicians greater flexibility. Solo 401(k) Plans If you are self-employed, a Solo 401(k) is an excellent option for saving for retirement. As

Read More »

Options When Inheriting a Retirement Account

Losing a loved one is always difficult and to make things tougher, some important financial decisions often need to be made soon afterwards. If you were named the beneficiary on a retirement account such as a 401(k), 403(b), or IRA you typically have a couple of options for handling this inheritance. If the decedent was

Read More »

The Barracuda and the Limits on Your Marketing Success

A few years ago a marine biologist conducted an experiment by placing a barracuda into a small tank and then adding some small bait fish. As expected, the barracuda quickly devoured the smaller fish. Then the researcher inserted a piece of clear glass into the tank, creating two separate sections, with the barracuda on one

Read More »

Year-End Planning Checklist

We are now in the final three months of the decade. Every year we like to present a list of year-end tasks everyone should cross off their checklist. This time of year presents the perfect opportunity to review and possibly adjust your financial planning strategies. You should update your accounts and check in on where

Read More »

Term Life Insurance: Temporary and Cost-Effective Coverage

Term life insurance can be a useful tool to ensure that some or all of your family’s financial goals can still be met if you or your spouse was to die prematurely. For example, most people who own a home with a mortgage should consider an insurance policy that equals the length of the mortgage.

Read More »

Trust Basics: Make Sure to Transfer Assets

Trusts are frequently used in effective estate planning to provide management of assets as well as minimize probate expenses and estate taxes.  Despite their apparent complexity, trusts can be extremely useful in many aspects of planning your estate. To thoroughly understand trusts, you need to know the various roles of the parties affiliated with the

Read More »

3 Marketing Trends to Consider

Healthcare marketing is moving target. What you did yesterday, will probably beineffective today or tomorrow. If you put content on your website and it isn’t revised ornew content added, you will find visitors looking elsewhere for their healthcareinformation.In the recent past we were focused on patient satisfaction and online reviews as anecessary ingredient of our

Read More »