MD Financial
MD Financial
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  • Просмотров 3 766

Видео

Contract Review for Doctors : Part 1
Просмотров 21День назад
Read the full article here: mdfinancialadvisors.com/money-minutes-for-doctors/contract-1 Music: Bensound - Summer
5 Things Every Doctor Should Consider Before Retiring
Просмотров 304 месяца назад
The last few years before you hang up your stethoscope can be critical to a doctor's successful retirement. In this episode of More Money Minutes for Doctors, Katherine Vessenes, CEO and founder of MD Financial Advisors, covers the five things every doctor should do before handing in their resignation. mdfinancialadvisors.com/money-minutes-for-doctors/5-things-retire Music: Bensound - Summer
The Successful Young Doctor | Everything a Young Doctor Needs to Know About Money
Просмотров 364 месяца назад
Doctors, this is a must-read before going into practice. In this book, Josh Lantz CRPC® / Chief Investment Officer, Financial Advisor at MD Financial, goes over student loan tactics, Public Service Loan Forgiveness (PSLF), budgeting, home buying, contract negotiation and so much more. We know that, as a doctor, your time is precious, so not a word is wasted on fluff in this book. Josh has exper...
The Successful Young Doctor | Everything a Young Doctor Needs to Know About Money
Просмотров 174 месяца назад
Doctors, this is a must-read before going into practice. In this book, Josh Lantz CRPC® / Chief Investment Officer, Financial Advisor at MD Financial, goes over student loan tactics, Public Service Loan Forgiveness (PSLF), budgeting, home buying, contract negotiation and so much more. We know that, as a doctor, your time is precious, so not a word is wasted on fluff in this book. Josh has exper...
Doctors and Roth Accounts: Saving Millions for Retirement
Просмотров 285 месяцев назад
What are Roth Accounts? Roth accounts hold post-tax dollars for retirement. Money that goes into Roth accounts is taxed upfront so that the funds can be withdrawn tax-free in retirement. This is true for both the principal and your earnings. Think of it as tax insurance. No matter what happens in the future with tax rates, your Roth accounts will remain tax-free in retirement. Who Can Contribut...
Doctors and Financial Planning FOMO
Просмотров 285 месяцев назад
Have you ever thought about FOMO, that fear of missing out? There is both good FOMO and bad FOMO. Today, Katherine sat down with Ben Kirchner, one of our Financial Advisors, for a Q and A about how to ignore the bad FOMO (like wishing you had invested in Apple 20 years ago) and embrace the good FOMO that can help build an incredibly solid foundation for the future. Ben has helped hundreds of do...
Organizing Your Tax Relevant Documents: Quick Tips for Doctors
Просмотров 299 месяцев назад
Tax Day will be here before we know it! Today's discussion revolves around a topic that promises to ease your future burdens: organizing your 2023 tax-related documents and beyond. Tip One: The 1:3 Rule The cornerstone of a good filing system is the 1:3 Rule. This rule dictates that any document I need to file must be filed in 1 minute, and retrievable within three minutes. This can be on your ...
Mastering the Minimum Effective Financial Dosage for Doctors
Просмотров 349 месяцев назад
Welcome back to More Money Minutes for Doctors. Today we delve into a crucial topic: determining the minimum effective financial dosage for doctors to achieve lasting financial security. In the realm of financial advice, countless articles offer tips for enhancing your finances. However, just as doctors prescribe the minimum effective dose for patients, should there not be a similar approach fo...
A Doctor's Guide to Avoiding Four Crucial Financial Pitfalls
Просмотров 4711 месяцев назад
Managing personal finances can often take a back seat to a doctor’s demanding schedules. However, overlooking key financial decisions in the early stages of a medical career can lead to long-term setbacks. Today we’re discussing common financial mistakes made by young doctors and offer strategies to avoid them. Avoid a Sequential Approach: Many doctors tend to tackle financial tasks one at a ti...
Rich Doc. Broke Doc. Tax Shelters Rich Docs Use to Build Their Wealth Tax-Efficiently.
Просмотров 68Год назад
It is crucial for doctors to understand the differences in retirement accounts if they want to maximize their wealth. Two popular choices, the Sep IRA and the Solo 401K, present distinctive benefits, limitations, and considerations. Here, we break down the key elements of each, shedding light on their respective advantages and limitations. Solo 401K: Leveraging Unique Contribution Strategies Th...
Rich Doc. Broke Doc. Key Numbers Every Doctor Who Wants To Be a Rich Doc Needs to Know.
Просмотров 51Год назад
Here are four key numbers doctors need to keep in mind when it comes to financial well-being and wealthspan: Rule of 72 The Rule of 72 helps us estimate the time it takes for your money (or debt) to double. For instance, at a 7.2% interest rate, a doctor who has $500,000.00 in investments would grow to $1,000,000.00 over a span of 10 years. This concept also applies to inflation and the cost of...
TD Ameritrade to Schwab Transition
Просмотров 235Год назад
We wanted to provide you some additional detail regarding the TD Ameritrade-to-Schwab transition. Schwab first acquired TD back in 2019 and will be finalizing the merger on Sept 5th 2023. We want to be clear that there will be no changes in costs, with your relationship to MD Financial, or to your investment strategy. The only noticeable change will be that your login is no longer through Advis...
Student Loan Update: July 2023
Просмотров 69Год назад
mdfinancialadvisors.com/current-events/student-update-july-2023 What we’ve all heard by now is that the US Supreme Court has officially struck down Biden’s plan to forgive millions of borrowers of their student loan debt. In the wake of that ruling, what do the coming months look like? SAVE The Saving on a Valuable Education (SAVE) Plan replaces the existing Revised Pay As You Earn (REPAYE) Pla...
Other Student Loan Forgiveness
Просмотров 53Год назад
Link here: mdfinancialadvisors.com/other-student-loan-forgiveness Today we're talking about an alternative to the popular Public Service Loan Forgiveness (PSLF) program known as state-sponsored forgiveness. These state programs offer various levels of student loan forgiveness and are designed to assist physicians and dentists in managing their educational debt. We've compiled a comprehensive re...
2 Minute Tax Tips: Employing Your Children
Просмотров 23Год назад
2 Minute Tax Tips: Employing Your Children
Student Loan Update: December 2022
Просмотров 107Год назад
Student Loan Update: December 2022
Midterms and Markets for Doctors
Просмотров 232 года назад
Midterms and Markets for Doctors
Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor
Просмотров 282 года назад
Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor
Student Loan Update: August 2022
Просмотров 942 года назад
Student Loan Update: August 2022
EE Bonds and I Bonds for Doctors
Просмотров 902 года назад
EE Bonds and I Bonds for Doctors
How-to for Doctors: Teaching Your Children About Money
Просмотров 222 года назад
How-to for Doctors: Teaching Your Children About Money
2022 Proposed Tax Changes that Will Impact Doctors
Просмотров 282 года назад
2022 Proposed Tax Changes that Will Impact Doctors
Market Downturns for Doctors
Просмотров 232 года назад
Market Downturns for Doctors
Physical and Financial Health for Doctors
Просмотров 72 года назад
Physical and Financial Health for Doctors
Getting Your Kids Through College Debt-Free, Part 2
Просмотров 112 года назад
Getting Your Kids Through College Debt-Free, Part 2
PSLF Update - October 2021
Просмотров 1653 года назад
PSLF Update - October 2021
5 Key Estate Planning Tips for Doctors
Просмотров 273 года назад
5 Key Estate Planning Tips for Doctors
Side Gig Income: Consulting
Просмотров 243 года назад
Side Gig Income: Consulting
Getting Your Kids through College, Debt-Free!
Просмотров 593 года назад
Getting Your Kids through College, Debt-Free!

Комментарии

  • @avanishmishra1819
    @avanishmishra1819 Год назад

    My td. Ameritrade account is.auctomatic move schwab and I'm schwab I'd create my former I'd Ameritrade, but then I'm log in schwab he want identify register two number by OTP ,, IM TRY 10 DAYS BU T NOT RECEIVED ANY OTP P LEASS SUGGEST ME SIR

    • @mdfinancial1759
      @mdfinancial1759 Год назад

      Thank you for reaching out. For more information on the Schwab transition, including information regarding one-time passcodes, we recommend visiting the FAQ page: welcome.schwab.com/faqs Additionally, you should reach out to your wealth management firm if you're having issues with your managed accounts.

  • @joshuagriffith3344
    @joshuagriffith3344 Год назад

    Why doesn't my wife's older account have the notification to create a login yet??

    • @mdfinancial1759
      @mdfinancial1759 Год назад

      For more information regarding the Schwab transition we recommend visiting the FAQ page: welcome.schwab.com/faqs Also, you should reach out to your wealth management firm if you're having issues with your managed accounts.

  • @merlion17
    @merlion17 2 года назад

    MD Financial: I know that I Bonds have a high inflation-tied interest rate for now, but do you know how I Bonds and EE Bonds have compared over the long haul? I am caught between the two options on the question of which one will actually (or is most likely to) do better over the first 20-years. I do understand that there is no crystal ball, but how have the two compared over the past two decades, for instance? Thank you. I enjoyed the content.

    • @mdfinancial1759
      @mdfinancial1759 2 года назад

      Thank you for reaching out! In terms of a 20 year projection, let's take a look: I Bonds may not be as ideal for long-term, 20 year horizons. They're attractive right now because inflation is so high (they can reset to lower rates if inflation goes down). They are good cash alternatives for someone that doesn't need the liquidity, and are good for goals when you might spend the money in 2-5 years from now. Whereas EE Bonds in general, have paid between 0.1 - 0.6% over the last 10 years. Once again, the government guarantees the EE bond value will double over 20 years! Here are the current rates: www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms_eebondsissued052005andafer.htm

  • @DeJaVu337
    @DeJaVu337 3 года назад

    YES, I just mailed a new PSLF application with all my service time with the NYC Human Resources Administration. Again, initially applied in 2008 for PSLF and was granted the 120 income sensitivity payments but have since retired and no longer work there.

  • @DeJaVu337
    @DeJaVu337 3 года назад

    Retired 3 years ago after serving 18 years with HRA's NYC government ( HIV/AIDS population). I did apply back in 2008 for the PSLF 120 payment and was only paying $34 monthly in the income sensitivity program . Did the lockdown count towards my payments and why has it not been forgiven yet ?

    • @mdfinancial1759
      @mdfinancial1759 3 года назад

      While we don't know the specifics of your loans, something helpful might be to check the PSLF help tool to see what your latest loan status is. PSLF Help tool: studentaid.gov/pslf/ PSLF qualifications: studentaid.gov/manage-loans/forgiveness-cancellation/public-service

  • @meribizarre
    @meribizarre 3 года назад

    This was very helpful. Thanks so much.