Posts Tagged ‘physicians’
What Can Happen When You Have a Life Insurance Salesman as Financial Advisor
Posted by: Michael Zhuang on: January 19, 2012
In an online forum, a doctor’s wife shared with me her story that should serve as a cautionary tale for all doctors. Her husband had a solo medical practice. They had a “financial advisor” who advised them to put their saving into a $5mm cash value life insurance policy. They believed the product not only [...]
Tax-Saving Small Business Health Benefit
Posted by: Michael Zhuang on: April 6, 2011
As a small business owner, you are caught in a conundrum. On the one hand, you need to offer good health benefits to your employees to attract and keep talent; on the other hand, you can’t afford to lose an arm and a leg doing so. There is a simple option that enables you to [...]
Physicians’ Most Costly Missed Opportunity in Tax Saving
Posted by: Michael Zhuang on: April 4, 2011
[Adapted from my post for Physicians Practice] Generally speaking, physicians make good money while in practice. Many of them are in the top tax brackets. Upon retirement, however, their earned income often drops to zero. If they can defer some of their compensation to the future, they can effectively move money from the top tax [...]
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