The Standard & Poor’s 500 Index, better known as the S&P 500, is a commonly-referenced barometer for the investment world on how the overall stock market is performing. The S&P 500 is an American stock market index based on the overall market capitalization of 500 U.S.-based publicly-traded companies. Said another way, the larger the company, the more weight it carries in the overall valuation of the index. According to...Read More
Yearly Archives: 2015
December typically offers colder temperatures, holiday decorating, holiday shopping, and looming year-end deadlines. While we can’t do much about those, we do want to make you aware of one deadline that has changed that might take a little pressure off. A recent change to Iowa state income tax law makes it possible for Iowa residents to make tax-deductible contributions to a College Savings Iowa plan up to the Iowa tax filing...Read More
You’ve used evidenced-based investing for your assets, you’ve maximized cash flow and minimized taxes, you’ve taken steps to protect the wealth you’ve accumulated, and you’ve put together a plan for your estate that includes a will, a power of attorney and a health care proxy. If you’ve planned well by doing all this, retirement should be a chance...Read More
You’re probably familiar with this life: As soon as you begin your 12-hour shift, you’re shuttling from one patient to the next, hoping for enough of a lull to snatch a fast-food bite or maybe a couple hours of sleep.
Balancing work with your personal life is one of the most difficult tasks for physicians. As a result of long hours and little free time, physicians are notorious for procrastinating...Read More
It takes courage to be a physician. Not only are you making life-or-death decisions for some of your patients, you run the risk of a lawsuit if the patient or the patient’s family isn’t satisfied with your treatment.
That’s why you have to take the appropriate measures to protect your wealth. Here are a couple of questions you...Read More
Here’s a key to success: Maximize cash flow while paying less in taxes. A shortage in cash flow can send you into survival mode, and improper understanding of tax deductions can cause you to miss out on opportunities for a break.
Here are four tips to keep in mind as you further your success:
1) Eliminate Present Burdens On Your Cash Flow (And Future Drains)
As cash flow comes...Read More
As a physician, you’re making life-or-death decisions every day. You know the best way to make decisions under pressure is a combination of relying on your clinical experience and consulting the latest research available. That’s the nature of evidence-based medicine: You combine both experience and research.
Evidence-based investing is no different.
To invest well, you need to focus on your needs as well as leverage the research that’s out...Read More
As 2015 starts to wind down, many investors are thinking about how to positively impact causes and organizations about which they are passionate. A further benefit of this endeavor is the opportunity to lessen one’s annual tax burden. A donor advised fund (DAF) is a fantastic tool for gifting and tax mitigation that is worth considering. DAFs are philanthropic vehicles operated by public charities which are relatively uncomplicated, widely available,...Read More
Saving for a child’s college expenses is becoming increasingly difficult. As a parent, the competing forces of tuition inflation and one’s own retirement preparedness can bring about stress over trying to adequately save for both. There is a balance to be struck between the two, keeping in mind that kids can get jobs and take out loans. Retirement, ideally, should not include you getting a job or taking out a...Read More
It’s that time of the year again, football season, back-to-school, cooler temps, and time to think about year-end tax planning. Try to contain your excitement. Here are a few things to be thinking about as you approach the end of the year:
- Endow Iowa tax credits are gone; great for the state, but not if you were still hoping to score the 25% tax credit in 2015. Making a gift... Read More