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Financial Management

You make more money than you spend. It’s the right problem to have, but it’s a problem nonetheless. In fact, every new dollar of savings seems to call for a new investment strategy, but you don’t know where to begin. When you ignore the problem, cash piles up in your checking account—first $40,000, then 6 figures. Then you get nervous. If it was hard to invest a smaller sum, it seems impossible to invest more than $100,000.
The Internal Revenue Service (IRS) recently issued an announcement clarifying individual retirement account (IRA) rollover rules. This change in the position stated in IRS Publication 590, Individual Retirement Ar­rangements, may have an impact on you and how you manage your retirement accounts. As such, the IRS will be rewriting IRS Publication 590 to reflect this change. According to the announcement, it will not be effective before January 1, 2015.
Every medical practice is at risk for a natural or man-made disaster. Future events cannot be predicted, but re­sponses to such events can be.
You make more money than you spend. It’s the right problem to have, but it’s a problem nonetheless.
You make more money than you spend. It’s the right problem to have, but it’s a problem nonetheless. In fact, every new dollar of savings seems to call for a new investment strategy, but you don’t know where to begin.
We see a number of changes phy­sicians might make to improve their financial security, but 1 item is usually beyond their control: the 401(k) plan. Un­less you are self-employed, there is practically nothing you can do about your 401(k)’s underwhelming investment options, ridiculously low contribution limits, or perverse tax consequences.
We see quite a few changes physicians might make to improve their financial security, but 1 item is usually beyond their control: the 401(k) plan. Un­less you are self-employed, there is practically nothing you can do about your 401(k)’s underwhelming investment options, ridiculously low contribution limits, or perverse tax consequences.
We see a number of changes phy­sicians might make to improve their financial security, but 1 item is usually beyond their control: the 401(k) plan. Un­less you are self-employed, there is practically nothing you can do about your 401(k)’s underwhelming investment options, ridiculously low con­­tri­­­bution limits, or perverse tax consequences.
Financial planning is a process that can help you reach your goals by evaluating the whole financial picture, then outlining strategies that are tailored to your individual needs and available resources.
Although 2013 tax rates have increased for certain high-income taxpayers, there is still time to take advantage of several tax-saving opportunities before December 31. Below are 10 ways to cut your 2013 tax bill and a few things to consider when planning for 2014.
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