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Should physicians who plan to work as long as possible have an aggressive investment portfolio?
Episode 92 • 20th November 2024 • Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children • W. Ben Utley and Nate Reineke
00:00:00 00:25:30

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Episode Overview:

In this episode, Ben Utley and Nate Reineke explore the complexities of maintaining an aggressive investment portfolio for physicians who might work well into their later years. The discussion addresses how long-term career goals could influence investment strategies, considering factors like risk tolerance, market conditions, and personal financial objectives.

Key Highlights:


1. Eligibility Criteria for Solo 401(k)s:

- Ben and Nate clarify the eligibility requirements for solo 401(k)s, particularly for those earning both W-2 and 1099 income.


2.Distinctions Between HSAs and FSAs:

- They explain the differences between Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), focusing on scenarios where individuals might be able to hold both.


3.Investment Strategy for Longevity:

- The hosts discuss the option of considering a higher stock allocation for physicians who plan to work indefinitely.

- They examine the potential effects of market fluctuations on long-term investments and how personal comfort with risk could influence decisions.


4. Managing 401(k) and 403(b) Accounts:

- Ben and Nate discuss the process of rolling over traditional and Roth funds into new retirement plans or IRAs.

- They highlight the importance of understanding the rules and options available for effective retirement account management.


5. 529 College Savings Plans:

- The conversation centers on planning strategies for college savings as expenses approach.

The hosts explore balancing investment risk with the need for financial stability during the lead-up to college.


Actionable Advice:

Get Personalized Financial Advice:

For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor.


Have a Question?

Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode!


Resources Mentioned:

The Overtaxed Doctor's Retirement Investing Checklist: www.physicianfamily.com/go

Are you getting all the tax breaks you deserve? Download your checklist here to ensure you’re maximizing your opportunities.


Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.

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