Healthcare Professionals
Should you participate in the traditional or Roth 401(k)? Are you eligible for the 403(b) or 457 plans? Should you participate in the pension plan or optional retirement plan? Are you doing a backdoor Roth? Are you eligible for the mega backdoor Roth? If you are self-employed, have you considered tax planning opportunities with the solo 401(k), SEP IRA, Simple IRA, etc.?
If you have student loan debt, do you have a repayment strategy? Do you understand the unique provisions of the various income-based repayment options?
We can help you with these and other issues. Being married to a physician, Chao knows all too well the unique challenges and demands that healthcare professionals face. We have worked with healthcare professionals employed by private practice, Parkland and UT Southwestern systems.
Topics We can Help You With
Student Loans
Consolidation, refinancing, income-based repayment options, debt forgiveness
Retirement Plans
Pension, 401(k), 403(b), 457, IRA, ROTH IRA, backdoor and mega backdoor ROTH
Profit Sharing
Understanding bonus / profit sharing, contract negotiations
Tax Planning
W-2, 1099, deferring income, maximizing deductions, minimizing taxes
Insurance
Malpractice, liability, long-term and short-term disability, health, life insurance
Practice Owners / Independent Contractors
Solo 401(k), SEP IRA, SIMPLE IRA, business deductions
