WHAT TO DO WITH YOUR 401(K) AFTER A CHANGE OF EMPLOYER It’s becoming increasingly common for a physician to change employers. A 2022 AMA survey found that 40 percent of providers were interested in leaving their current employer within two years. Whether a physician switches practices or enters into hospital employment, they will face a […]
Category: MaxWorth
RETIREMENT SEEN THROUGH YOUR EYES
RETIREMENT SEEN THROUGH YOUR EYES During open enrollment, we spend a lot of time talking to doctors who are thinking about retirement. But no two of these conversations are alike. What retirement means to one physician is different from what it means to another. Whatever your ideal retirement looks like, it’s important to plan with […]
PROTECTING YOUR PRACTICE FROM THE LOSS OF A KEY PERSON
PROTECTING YOUR PRACTICE FROM THE LOSS OF A KEY PERSON Charles de Gaulle once remarked, “The graveyards are full of indispensable men.” While we know that life goes on regardless of the loss of any “indispensable” person, for a physician practice, the loss of a key person is not only a human tragedy, it can […]
NAVIGATING RETIREMENT PITFALLS
NAVIGATING RETIREMENT PITFALLS Many physicians who enroll in nonqualified deferred compensation plans look forward to using their distributions to supplement their retirement income. This strategy may allow you to replace more of your income during your post-retirement years than you’d be able to using typical retirement planning tools alone. But it’s still a good idea […]
RETIREMENT PLANS FOR SMALL PHYSICIAN PRACTICES
RETIREMENT PLANS FOR SMALL PHYSICIAN PRACTICES For private practice owners, having to choose a retirement plan can be intimidating. How do you pick the most appropriate retirement plan for your practice as well as your physicians and staff members? There are several types of retirement plans to choose from. Here, we will review three of […]
CHOOSING A RETIREMENT PLAN THAT FITS YOUR PRACTICE
CHOOSING A RETIREMENT PLAN THAT FITS YOUR PRACTICE One survey found that 79% of small business owners expect at least some of their retirement income to come from tax-advantaged retirement savings accounts.1 If you have yet to develop a retirement plan for your practice, or if you’re not sure the plan you’ve chosen is the right […]
