The end of a career brings a lot of transitions. After working for decades to be successful, you want to ensure your transition into retirement is smooth and that you aren’t missing any last-minute savings opportunities. Nate Reineke and Chelsea Jones look at a Cardiologist in Oregon who is retiring soon and is questioning whether they should contribute to their IRA. We look at why the answer isn’t simple across the board but varies based on individual situations. We also answer your colleagues' questions. One doc asks, “Should I refinance if my mortgage balance is low?” An oncologist in California says, “Should I transfer my old 401(k) into my new one?” A child psychiatrist in Nevada is curious if they should shop around for a better disability insurance quote. Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

If you have a tax-inefficient portfolio, it can be like swimming with a giant t-shirt on. You can do it, but there is a lot of unnecessary drag. Nate Reineke and Kyle Hoelzle break down what tax drag in a portfolio means and how physicians like you can reduce it. We also discuss what kind of funds cause the most drag and a better alternative to replace them with. We also answer your colleagues' questions. An Anesthesiologist in New York says, “I have a whole life policy, and my agent told me it now 'pays for itself. ' Does that mean I should keep it?” Another doc asks, “I am not really looking to change up my portfolio, but can you tell me why I shouldn’t be buying things like gold or Bitcoin?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

Mortgage rates are on the move once again, and if you have an ARM that is coming up on a variable rate period, it may be time to consider changing your mortgage type. The answer to knowing if you should is easier than you may think. Nate Reineke and Chelsea Jones give you the one simple step to determining what is best for you in the long run. We also answer your colleagues’ questions. A Neurologist in Georgia says, “I was revisiting my retirement benefits and I forgot that I had contributed to the 457 and not the 403b because my work matches "50% of your 457 Savings Plan contributions up to 4% of your eligible pay." I feel like I should max this out as well? We took the contribution to the 457 down to 0 in our 2nd to last visit. If we do max this out, would I contribute 8% to get the maximum contribution from work of 4%?” An OBGYN in New Jersey asks, “Do I actually need life insurance?” A Double Doctor Family in Florida wants to know, “Should we have our home purchase fund invested in the stock market?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

The housing market seems to be heating up again as mortgage rates start to come down. If you’re planning a move, it can be hard to determine what upgrades to do on a house that will actually have a good return on investment. Nate Reineke and Chelsea Jones look at what upgrades generally have a good ROI and which ones may actually lose you money. We also share how sometimes the most basic fixes that boost curb appeal are actually the ones with the greatest impact on selling. We also answer your colleagues' questions. One doctor said, “We are ready to buy our forever home but all the houses in the area that meet our standards are $1.2M. We can build and buy property for $1.3M. Why wouldn’t we just do that?” A dermatologist in North Carolina asks, “Should I open an LLC for my 1099 Locums work?” An Infectious Disease Doc wonders, “On your most recent podcast, the last question was about putting post-tax money into a 401k. The doc did not have access to converting it to a Roth. At my institution this year, they are making us put our catch-up contribution amount for age 50+ post-tax into a Roth. I think this is different than the scenario that you spoke about, but can you clarify if this is acceptable?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

Interest rates are coming down again. You may find yourself asking, should I pay off my 5% mortgage aggressively or invest more for retirement? Nate Reineke looks at how each option may benefit doctors like you and what he sees with the families we work with every day. He also breaks down when you may change tactics in the future and how being on track for retirement may allow you to do a little of both. We also answer your colleagues’ questions. An anesthesiologist in Oklahoma says, “I want to refinance the ARM I took out a couple years ago. What rate can we get?” An emergency medicine doctor in Georgia asks, “As a 1099 Emergency Medicine Doctor, should I max out the employer side of my solo 401k or contribute to my IRA?” A family medicine doctor in Florida wonders, “I am 50 years old and behind on college AND retirement, which should I fund first?” Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

If you plan to hit your 401K contribution limit for the year, but see that you can still add money through “after-tax contributions,” you may be wondering if that is a Mega Backdoor Roth and, more importantly, if you should do it. Nate Reineke and Kyle Hoelzle break down what exactly a Mega Backdoor Roth is and some cases where physicians should use it. We also discuss how you can still contribute post-tax dollars, plus some alternatives that may save you taxes in the long run. We also answer your colleagues' questions. A Dermatologist in New Jersey asks, “Is VOO enough exposure to the US market right now?” A Double doctor family in Oregon says, “Should we invest in a condo for our daughter who is going to undergrad and medical school at the same college next year?” A Radiologist in Texas wonders, “I just received a $300k inheritance. When is the right time to invest it, and what should I invest in?” Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

Your parents have supported your goals and dreams your whole life, and now that they are growing older, you want to help care for them. The predicament many physicians face is how to balance giving money to their parents and save enough for retirement. Nate Reineke and Chelsea Jones discuss some changes you can make to accomplish this goal and how trade-offs are inevitable. We also answer your colleagues’ questions. Cardiologist in Texas says, “I am a W2 employee but I have $100k of additional 1099 income. Should I open a SEP IRA or a Solo 401k?” Dermatologist In Florida asks, “My spouse makes $500k/year. Is it worth it for me to take a job that makes $80k/year while my children are pre-teen?” A Urologist in New York wonders, “If I am going to be in a high tax bracket in retirement, and I’m in a high tax bracket now, should I put money in a Roth or taxable account instead of making pre-tax contributions?” Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

Valentine's Day is right around the corner, and love is in the air! If there’s one thing most people love, it’s receiving a great job offer. Even better is when you get more than one. But job offers aren’t always as simple as picking the best salary; you have to look at the whole compensation plan, including retirement benefits. Nate Reineke and Chelsea Jones break down the math that could help you decide if a higher salary and a 401K are a better choice than a pension plan. We’ll discuss some non-financial elements that could also factor into the decision, like how leaving the job could leave you without the pension anyway. We also answer your colleagues' questions. A Surgeon and an Oncologist in Oregon both ask, “I want to set aside money for my kids, should I use a Trump account?” An ENT in Florida wonders, “When can I buy a boat?” A Private Practice Sports Medicine Physician in Wisconsin says, “Can I use a 529 account to pay for CME that I would like to attend and can deduct pretax?” Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

You’ve worked and saved your whole career to have the best retirement possible. Now that you are close to retirement, what actually needs to change? Nate Reineke and Chelsea Jones answer questions from physicians like you, breaking down exactly that. A Gastroenterologist in Washington asks, “As I get closer to retirement, I’m realizing that spending down my investments is very different from building them up. What are the most important things to focus on with retirement right around the corner?” A Neurosurgeon in New York says, “If I am at the top marginal tax bracket now and intend on spending enough in retirement that we keep me at the highest tax bracket then, should I still contribute to a pre-tax 401k?” An Anesthesiologist in California wonders, “When should I take Social Security? I have always assumed age 70, but are there benefits of taking it earlier?” A Dermatologist in Texas asks, “What if we put most of our money in stocks but just keep a few years of cash on the side so we don’t have to sell when the market is down? Does that actually make things safer?” Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

After years of building your private practice, the time has come to sell. The business you have poured your time, energy, and money into is being bought by private equity. Should you take the payout in PE shares or cash? Nate Reineke delves into some key considerations that docs like you should know when faced with this situation. We break down how shares could benefit you in the long run and how cash could help keep you diversified. We also look at how taking some of each could offer the best of both worlds. We also answer your colleagues' questions. A Psychiatrist in New Jersey says, “We are financially independent but still working since we are in our mid 40s. We are considering shifting some money out of stocks and into bonds to get to a 60/40 portfolio. Is that a good idea for us?” An Ophthalmologist in Georgia asks, “We have all the money we need to pay for college. Should I take our money out of the stock market?” A Hand surgeon in Florida wonders, “The surrender period if finished on a variable annuity we purchased a while back. We were told that we are only paying 1% in fees on the account. Should we leave the money in the annuity?” Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures