Home
Search results “Best retirement plan for physician”
RETIREMENT PLAN FOR DOCTORS/PHYSICIANS
 
06:18
Here is the best retirement plan for doctors/physicians, dentists and other professionals. NO RISK AND NO TAXES.
Views: 481 John Medwin
THE BEST RETIREMENT PLAN FOR DOCTORS/DENTISTS
 
31:43
If you are a dentist or a doctor, there is a better form of retirement plan for you. Here is a specialized plan just for doctors and dentists.
Views: 424 John Medwin
The Best Physician Retirement Savings Plan
 
05:14
For two years in a row, reports show that nearly half of all US physicians both employed and in private practice are behind where they would like to be in retirement preparedness. The question is what can they do about it? Hi, I’m David Alemian and welcome another edition of The Alemian File. Today I’m going to share with you an overview of a solution to the huge problem of funding your retirement. But first let’s look at one of the big reasons why so many doctors are behind. After all, they make a good living right? Many doctors get a late start to funding their retirement due to a late start in their careers and medical school debt. Whatever the reason, nearly half of all doctors viewing this right now need help catching up, so let me get right to the point. Today, I’m just going to talk concept but first I need you to Open your mind and put yourself into learning mode, because you are about to learn something that is not only remarkable it is absolutely amazing. This is sophisticated, but I’m going to make this very very simple, You financed your medical education,…. you financed the purchase of your home…. You financed your car…. Most large financial undertakings are financed…. Why not finance your retirement? Yes it’s true you can actually finance your retirement? Let’s say we have a 50 year old doctor who is behind on his or her retirement savings. This doctor does not have a lot of time to catch up, because the doctor want to retire at age 65. The doctor decides to put fifty thousand dollars per year into this retirement plan. A very large bank matches that contribution and loans the doctor another fifty thousand dollars per year to put into the retirement plan. So now the doctor has one hundred thousand dollars per year going into this retirement plan. There are no loan applications or loans for the doctor to sign, because the plan itself fully collateralizes the loan. That is because, the savings vehicle for this plan is very special cash value life insurance policy from an “A” rated insurance company. There is always enough cash value in the policy to cover the loan. The doctor does this for five years and each year the bank matches the doctor’s contribution. After the fifth year, the doctor stops… contributing to the plan. Here is the amazing part… In the second five years…. years six through ten, the bank puts the entire one hundred thousand dollars per year into the plan…. So that at the end of the 10 years… one million dollars has been put into the doctor’s retirement plan. That is four times what the doctor has put in. Now the money grows and compounds for the next five years and in year fifteen, the bank gets their money back along with the accrued interest. Here the best part… In this conservative example, starting at age 65 the doctor would enjoy a tax-free income of about sixty thousand dollars per year for life. Some of these plans yield lifetime six figure tax free retirement incomes. Imagine being able to maintain your current lifestyle through retirement and never run out of money. This plan is so safe and secure that even during the banking crisis, these plans were still being approved. This plan works for physicians in private practice and for physicians who are employed. It can be done for a single doctor or a group of doctors. To qualify for this plan the doctor must be age 65 or younger, earn at least one hundred thousand dollars per year…. and be able to qualify for standard life insurance rates. … Oh and if it were a group of seventy or more doctors, everyone in the group is automatically approved for the insurance. You could do an entire hospital full of doctors, a doctor group or even a hospital group and everyone who qualifies and wants to participate could. In summary, this is a safe and secure way for doctors to use leverage to catch up on their retirement readiness.s If you have questions send an email to Questions @ The Alemian File .com I’m David Alemian and Thank you for watching.
Views: 778 David Alemian
Retirement Plans: Last Week Tonight with John Oliver (HBO)
 
21:30
Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 9438893 LastWeekTonight
Best Retirement Plan Account
 
03:56
Do you know what the best retirement plan option is to secure the life you desire when you stop working? Most people don't, and that is by design. in this short video, you are going to learn what the best retirement plan option is, and why you haven't heard about it before. We are going to discuss the retirement plan option that is best for doctors, lawyers, small business owners, entrepreneurs, chiropractors, dentists, real estate professionals, and anyone else who wants to have their own retirement plan! Most financial advisers won't tell you about these types of retirement plans simply because they won't make any money setting them up for you. Since financial advisers and planners are mostly sales people trying to set you up with their company's mutual funds so that they can make commissions, they aren't likely to tell you about these types of accounts at all! What we're talking about here are self directed retirement plans that anyone can have access to, even if you don't own your own company! Believe it or not, the IRS does allow anyone to have their own self directed retirement account so that you can defer much more money than most people think is allowed, reduce your taxes significantly, and reap the rewards of tax deferred and tax-free growth for decades to come! Watch this video now to find out what the absolute best retirement plan option is for you!
Views: 5903 Self Directed Company
Retirement Health Insurance Before Medicare
 
03:45
What do you do when you retire before you are eligible for Medicare? To download your FREE 401(k) 10-Point Checklist For Baby Boomers visit: http://retirementplanningmadeeasy.com/401krollover Here's the problem: if you retire before you are eligible for Medicare, you have to find health insurance coverage. Here are 4 good options: 1. Consider COBRA if you are eligible. 2. See if your former group coverage has retiree health insurance up until age 65. 3. Consider a part time job with an employer that provides health insurance to part-timers. 4. Consider an individual health insurance policy under the new Obamacare guidelines. The best choice for you will depend on your situation. So check out all the options to see what works best for you. You can check out more of my videos and articles at: http://retirementplanningmadeeasy.com/ And to download your FREE 401(k) 10-Point Checklist For Baby Boomers be sure to visit: http://retirementplanningmadeeasy.com/401krollover
How To Plan For Retirement
 
02:55
"How to Plan for Retirement". A simple guide to help you retire with peace of mind. PST: Hello, its me, Professor KnowItAll... and yes, I'll be giving you the very best tips so you can retire with peace of mind... EXP: Hello Professor, are you now an expert on that topic? PST: Of course... EXP: Oh, OK, so you're all ready for retirement? PST: Of course! I'm ready! EXP: So then, you have money saved? PST: Well, not exactly but I have a plan... I will live with my kids... EXP: Living with your family during retirement can be very gratifying, but surely you don't want to be a burden on them...Did you know that people in the United States, on average, live 20 years after they retire? In general, people need almost 80% of what they earn in order to live comfortably after retiring That's a lot of money, so you'll definitely need a good plan in order to get there. OK, don't panic yet. It's never too late to start or even too early. Let me tell you what you should do so that the next time, you can give people good advice. PST: Sounds good. EXP: Professor, according to the Consumer Action Handbook, the first thing is recognizing the importance of saving for retirement. The three most common options are: One: Pension benefits, offered by some places of employment. Two: Savings and investments, started by you. Three: Social Security, which is the Federal Governments retirement plan. Now, if you're still working, find out if your place of employment offers a pension plan and how it works. Some companies also offer a 401k plan. PST: Four 01 what? I've never heard of that truck, but mine is newer... EXP: I'm not talking about vehicles here, I'm talking about retirement plans in which, if you save, your company will match a percentage of the contributions you make. PST: Oh, that's like free money. EXP: Exactly. Sometimes you impress me, Professor! In order to plan well for retirement, you must consider what types of expenses you'll have, whether you'll work or not, if you'll have additional medical insurance, or if you'll have costly hobbies, like traveling. There are many things to consider, so you may want to consult a financial expert for help. PST: Yikes, I'm feeling dizzy... EXP: Professor, you can also ask for help and get tips from the following organizations: AARP, American Savings Education Council, Department of Labor Securities and Exchange Commission, Social Security Administration PST: Ufff...I'm feeling a little better now. EXP: Professor, this is all about saving not spending... Better yet, let me remind you to visit USA.gov or in Spanish at GobiernoUSA.gov where you can learn more about all of this and other interesting topics for consumers. And remember, you can also order your free "Consumer Action Handbook "...
Views: 39057 USAgov/archive
A Doctor with a Sick $503,000 Investment Portfolio
 
09:06
What are the telltale signs of a sick investment portfolio? In this episode, Host, Ron DeLegge, Chief Portfolio Strategist @ ETFguide does a Portfolio Report Card on viewer portfolio submitted by BDD in Ft. Worth, TX. He’s a 55 year-old doctor with a 403(b) retirement plan valued at just over $503,000. Ron does a full-body examination on this doctor’s retirement portfolio and discovers significant health problems. Take Ron’s Portfolio Report Card challenge and if you score an “A” you win $100! Go to PortfoliReportCard.com
Views: 3683 ETFguide
#166 Holistic Retirement Planning
 
37:21
After my last knee surgery, my doctor told me that I should NEVER AGAIN attempt to run like I have previously. That’s when it hit me, my best days physically are behind me. That was a sobering thought and a bit depressing. Thinking like this has a tendency to affect how we live and can very easily seep into every aspect of life; it could affect how I relate to my family, do my job, or how I view retirement planning. When it comes to retirement...are our best days behind us? Are we approaching a time where we are unproductive, broken, and tired? Dan Miller doesn’t think so! Listen to this episode of the Retirement Answer Man to hear why and to hear my guest Dan explain how to start living a fulfilling retirement now. We’ve got retirement planning all wrong. With the current life expectancy and medical care, we will live longer and healthier in retirement than ever before. This is a great thing but it presents a problem. A problem known as the retirement crisis where many Americans will not be able to save enough for retirement. Because of this very real issue, our cultures main goal in retirement planning is to save and invest and hopefully have enough when we retire. Doing so is stressful and can cause our relationships to suffer. When all we can think about is working as much as possible to provide for the future, we forget to think of the present. When retirement arrives, you are worn out and may have damaged your relationships to such an extent that there is not much to live for. Dan Miller, my guest on this episode, thinks there is a better way to approach retirement planning. Don’t miss it! Why wait for Retirement to start doing what you love? Dan Miller believes that a retirement of ease and relaxation is short lived. Even if you have managed to save enough to lounge on a beach, you may be lacking in purpose. Our purpose is what drives us, what keeps us breathing. If we have built great financial assets and are able to live it up but don’t have a purpose, life becomes depressing. Dan is convinced that the key to a happy retirement is to fill it with financially productive endeavors that bring you joy and ignite your passion. Having these sources of income will relieve much of the stress we often feel in the years leading up to retirement and can save us from the heartaches of misplaced priorities. But why wait until you retire to find those things that make you happy AND earn you money? Dan says we shouldn’t wait, and in this episode, he gives a simple framework to help you find your passion and start pursuing it now. Retirement isn’t a time, it’s a lifestyle. Our culture thinks of retirement as a time when you are free of your lifelong career and hopefully have the financial assets to enjoy a lifestyle you couldn’t previously. While this is true in many cases, it doesn’t have to be. Dan Miller wrote a book entitled 48 Days to the Work You Love. Through this book, he teaches you how to find something that you are passionate about and turn it into a revenue stream. By making a switch from your current career to a job that fulfills you and that you work on your own time you can start living that retirement lifestyle now. Tune into this episode to hear Dan share stories of how people have done this. Holistic retirement planning gives you power. The binary view of retirement as a set time for which we have to plan and save can rob us of our joy and our ability to be creative. A holistic approach to retirement as a lifestyle gives you the freedom to pursue your dreams and passions and express your creativity. You could even start today. This does away with stringent and stressful retirement planning and gives you the ability to live. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN [0:27] My best days are behind me! HOT TOPIC SEGMENT [3:06] The problem with retirement. [4:42] Our number one focus is on saving and investing. [5:35] The numbers don’t work. We can’t continue to think of retirement as a time of inaction. [5:49] Thinking of retirement in such a binary way stifles our creativity and ability to problem solve. [7:09] What resources do we have to solve this retirement crisis? [9:23] Most retirement advice you are getting falls short and limits your ability to create a great life. PRACTICAL PLANNING SEGMENT [10:16] Conversation with Dan Miller. [14:00] Why would you wait for retirement to start doing what you love to do? [17:45] If retirement is less of a date and more of a pivot into living your passion, how do you make that change? [20:32] Examples of people following their dreams. [25:11] You might have to change your expectations in order to do what makes you happy. [28:35] Going through the process and finding what you love gives you control of your life. TODAY’S SMART SPRINT SEGMENT [33:50] Listen to Dan Miller’s podcast. THE HAPPY LAB SEGMENT [34:30] We are more creative than we...
Views: 395 Roger Whitney
Financial Planning for Medical Residents
 
01:13:26
A linked agenda with times is displayed below: Learn the basics of financial planning including W-4 allowances and taxes, employee benefits, retirement plan options, emergency funds, combining finances for newly married, and more. Please see aamc.org/videowebinars for more information. I. TAXES - 4:18 - 1040 Tax Return - 6:00 - Moving Expenses - 15:13 - Student Loan Interest Deduction - 15:52 - Adjusted Gross Income (AGI) - 17:47 - Itemized Deductions - 18:57 - Unreimbursed Employee Expenses - 21:11 - 2016 Tax Brackets - 23:49 - Employee Retirement Plans - 25:51 - Roth IRA - 28:59 - Capital Gains - 32:00 - #1 PGY1 Mistake - 37:50 - Finding a Financial Planner - 37:50 II. BUDGETING - 38:30 - Emergency Funds - 41:10 - W4 and Budgeting - 43:27 III. SAVINGS, INVESTING & GOAL SETTING - 45:52 - Retirement Account Options - 52:23 - Employer Matching Contributions - 54:55 - Matching Goals to the Right Account - 55:30 - Back Door Roth - 56:18 - Why Have an Advisor - 59:33 - Credit Report - 1:02:48 IV. Closing Q&A - 1:03:55 - Buy a Home or Not - 1:04:46 - Five Options When Changing Employers - 1:10:02
Views: 1630 AAMCtoday
David Alemian - The Physician's Retirement Plan
 
05:01
Contact: David Alemian www.PhysiciansRetirementPlan.com. Tel.(760) 231-8788 Email: David@PhysiciansRetirementPlan.com Are you a physician in your 50’s or even mid-60’s wondering how will I ever be able to retire? Are you concerned about not having enough money for retirement? Hi I’m David Alemian, retirement expert. I help physicians just like you enjoy a tax-free retirement income without the risk of running out of money. I’ll get right to the point. You don’t have time to wait and you want the problem fixed. So let's fix it now, because this problem is like cancer, the longer you wait, the worse it gets, and if you wait too long it'll be too late. Here is how others doctors just like you have made it so they are guaranteed never to run out of money in retirement. You financed your medical education, you financed the purchase of your home You financed your car Most large financial undertakings are financed…. Why not finance your retirement? Let’s say we have a 50 year old doctor who is behind on his or her retirement savings. This doctor does not have a lot of time to catch up, because the doctor wants to retire at age 65. The doctor decides to put fifty thousand dollars per year into this retirement plan. A very large bank matches that contribution and loans the doctor another fifty thousand dollars per year to put into the retirement plan. So now the doctor has one hundred thousand dollars per year going into this retirement plan. There are no monthly payments, and there are no loan applications or loans for the doctor to sign, because the plan itself will fully collateralize the loan. That's because, there is always enough money in the plan to cover the loan. The doctor does this for five years and each year the bank matches the doctor’s contribution. After the fifth year, the doctor stops… contributing to the plan. He’s all done. Here is the amazing part… In the second five years…. years six through ten, the bank puts the entire one hundred thousand dollars per year into the plan…. So that at the end of the 10 years… one million dollars has been put into the doctor’s retirement plan. That is four times what the doctor has put in. Now the money grows and compounds for the next five years and in year fifteen, the bank gets their money back along with the accrued interest. Here the best part… In this conservative example, starting at age 65 the doctor would enjoy a tax-free retirement income of about sixty thousand dollars per year for life. Some of these plans yield six figure tax free retirement incomes that are guaranteed for life. Imagine being able to maintain your current lifestyle through retirement and never run out of money. This plan works for physicians in private practice and for physicians who are employed. It can be done for a single physician or a physician group of almost any size. This plan is so safe and secure that even during the banking crisis, these plans were still being approved. So what does the smart money think about this? This is what very wealthy people do. Warren Buffet likes it so much so that he is owns a number of companies that provide these types of plans. You know some people have told me that this plan sounds too good to be true, I mean, a bank lends you money for your retirement plan, and there are no monthly payments and then they wait 15 years to get paid back from the plan itself, there’s no risk to you and then you get income that is guaranteed for life? There’s gotta be a catch right David? Well there isn’t, as a friend of mine whose spent 40 years in the banking industry told me, it’s the safest kind of loan that a bank can make. In summary, this is a safe and secure way for doctors to use financial leverage to catch up on their retirement readiness. Please give me a call at 760 231 8788 The same way the you want to help your patients, I want to help you. Contact me and lets see if whether or not that you’re a good candidate for this of plan. My contact information is next.
Views: 296 David Alemian
Finance Your Retirement Plan
 
05:09
www.DoctorsRetirementPlan.com (760) 231-8788 Hi, I’m David Alemian retirement expert, radio talk-show host, video columnist, and author of the soon to be published book The Physician’s Retirement Plan. You’re watching this video because you’re concerned about the possibility of not having enough money to last throughout retirement. That’s a scary and lonely thought. I’m here to tell you that you’re not alone, because half of all doctors are behind in their retirement savings. It reminds me of when I had testicular cancer. The first time the doctor mentioned the word tumor, it sent a cold chill right down my spine. The next thing he said was that he sees this all the time, and that there is a 99% survival rate. There wasn’t time to wait, I just wanted the problem fixed, so I let him fix it and now I’m cancer free. You're concerned about not having enough money for retirement, you don’t have time to wait and you want the problem fixed. So let's fix it now, because this problem is like cancer, the longer you wait, the worse it gets, and if you wait too long it'll be too late. Here is how others doctors just like you have made it so they are guaranteed never to run out of money in retirement. You financed your medical education, you financed the purchase of your home You financed your car Most large financial undertakings are financed…. Why not finance your retirement? Let’s say we have a 50 year old doctor who is behind on his or her retirement savings. This doctor does not have a lot of time to catch up, because the doctor wants to retire at age 65. The doctor decides to put fifty thousand dollars per year into this retirement plan. A very large bank matches that contribution and loans the doctor another fifty thousand dollars per year to put into the retirement plan. So now the doctor has one hundred thousand dollars per year going into this retirement plan. There are no monthly payments, and there are no loan applications or loans for the doctor to sign, because the plan itself will fully collateralize the loan. That's because, there is always enough money in the plan to cover the loan. The doctor does this for five years and each year the bank matches the doctor’s contribution. After the fifth year, the doctor stops… contributing to the plan. Here is the amazing part… In the second five years…. years six through ten, the bank puts the entire one hundred thousand dollars per year into the plan…. So that at the end of the 10 years… one million dollars has been put into the doctor’s retirement plan. That is four times what the doctor has put in. Now the money grows and compounds for the next five years and in year fifteen, the bank gets their money back along with the accrued interest. Here the best part… In this conservative example, starting at age 65 the doctor would enjoy a tax-free retirement income of about sixty thousand dollars per year for life. Some of these plans yield six figure tax free retirement incomes that are guaranteed for life. Imagine being able to maintain your current lifestyle through retirement and never run out of money. This plan works for physicians in private practice and for physicians who are employed. It can be done for a single physician or a physician group of almost any size. This plan is so safe and secure that even during the banking crisis, these plans were still being approved. So what does the smart money think about this? This is what very wealthy people do. Warren Buffet likes it so much so that he is owns a number of companies that provide these types of plans. You know some people have told me that this plan sounds too good to be true, I mean, a bank lends you money for your retirement plan, and there are no monthly payments and then they wait 15 years to get paid back from the plan itself, there’s no risk to you and then you get income that is guaranteed for life? There’s gotta be a catch right? Well there isn’t, as a friend of mine whose spent 40 years in the banking industry told me, it’s the safest kind of loan that a bank can make. In summary, this is a safe and secure way for doctors to use financial leverage to catch up on their retirement readiness. Please give me a call at 760 231 8788 The same way the you want to help your patients, I want to help you. Contact me and lets see if whether or not that you’re a good candidate for this of plan.
Views: 29 David Alemian
Northern California Kaiser Physician Retirement Summary
 
02:48
An overview of the retirement plans available to Kaiser Physicians in Northern California Kaiser locations
Views: 393 RobSchultzWealth
Tax Free Retirement Planning
 
12:35
Tax Free Retirement Planning - At http://BarefootRetirement.com we offer the most powerful tax free retirement plan in America. Our plan is great for retirement planning for physicians, retirement planning business owners or tax free retirement savings for anyone. Do you have a tax free retirement plan? If not, why? Do you think taxes are going up? Most experts believe tax rates will soar. Our tax free retirement savings plan is 100% tax free. Your funds grow tax free, you can take them out at any time tax free, and with no penalties or fees. All of your funds are tax free when you retire. When you pass away, your remaining funds pass to your heirs 100% tax free. To find out more about this very little known, yet powerful strategy, give us a call at: 866-480-7784. You can also get a free copy of our new, best selling book titled, The Barefoot Retirement Plan. Over 100,000 copies have already been downloaded and the book is changing lives. Get your free copy now at: http://barefootretirement.com/book #tax free retirement planning #tax free retirement savings #tax free retirement plan #retirement planning for physicians #retirement planning business owners #tax free retirement strategy #tax free retirement system #tax free retirement solutions #tax free retirement vehicles #tax free retirement video
The Physician's Retirement Plan: Another Look
 
03:15
The purpose of the physician’s retirement plan is to provide you with a retirement income to fully support your current lifestyle throughout retirement, without the risk of running out of money.
Views: 81 MD Magazine
Physicians Retirement Program- Special Retirement Programs Only Available To Doctors!
 
00:42
For more information on the Physicians Retirement program. Click Here: https://www.peakfinancialcorporation.com/physicians-retirement-program/ The Physicians Retirement Program details how physicians can experience having their retirement account flourish, while keeping their finances under control.  In addition, we can teach you how to overcome high retirement taxes, prevent you from running out of money in retirement and even protect your assets from malpractice lawsuits. We help physicians understand their financial situation first, then we customize a comprehensive plan that fits you and your family's priorities, needs and budget. If you already have a plan in place, we will analyze your current plan and compare it to our strategy. Next, we will show you the likelihood of both plans lasting into retirement.  After you understand where you are and where you are going, we will work with you to implement your tax-free retirement plan. Then, we will review and adjust along the way to ensure your goals match the income you need. For more information on the Physicians Retirement program. Click Here: https://www.peakfinancialcorporation.com/physicians-retirement-program/
Financial Planning for Doctors- www.FortressFinancialStrategies.com
 
03:44
Fortress Financial Strategies is located in Phoenix/Glendale, Arizona. We specialize in Financial Planning for Doctors. Our mission is to help Doctors achieve and maintain Financial Independence. We work as the Advocate for Doctors and become the main point of contact for all of their financial needs. If you are a Doctor watch this video to find out what you have been missing.
Views: 2098 FortressFS
Seminar - Financially Sound Retirement Planning for Physicians
 
02:46
Indexed universal life Financially sound retirement plans Long term investment opportunities Changes in health care and volitility in the market place Need to evaluate tax and retirement planning Sensible flexible approach
Views: 64 RAFStrategies
5 Biggest Retirement Planning Mistakes
 
07:13
For more information go to http://retirementnewstoday.com/ 5 Biggest Retirement Planning Mistakes
Views: 68672 Sequence Media News
What makes a good life? Lessons from the longest study on happiness | Robert Waldinger
 
12:47
What keeps us happy and healthy as we go through life? If you think it's fame and money, you're not alone – but, according to psychiatrist Robert Waldinger, you're mistaken. As the director of 75-year-old study on adult development, Waldinger has unprecedented access to data on true happiness and satisfaction. In this talk, he shares three important lessons learned from the study as well as some practical, old-as-the-hills wisdom on how to build a fulfilling, long life. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector
Views: 9464380 TED
How To Retire Early At 45
 
12:26
The steps you need to take prepare your finances when you plan to retire early at 45. This includes planning the kind of retired life, retirement savings needed, regular retirement investments required, besides provisions for retirement housing and retirement healthcare costs. Website: www.fundoomoney.com Subscribe: https://www.youtube.com/channel/UCQTqvgT_qzPZn1D1bHsxtKw?sub_confirmation=1 Visit YouTube channel: https://www.youtube.com/c/FundooMoneyWorld Share Video: https://youtu.be/6srbN7Aqp4s Edited Highlights 1:19 First step when preparing for early retirement or retiring at 45, ask yourself how will spend your life in retirement 1:48 A lot of people mistakenly think that they need early retirement when they actually have a problem with their job or profession 2:22 What would you spend your time after early retirement? 2:28 Depending on the answer to the question, determine you financial requirements for retirement 2:40 The next question is how much money you will need to lead a regular life after an early retirement 2:46 You will need larger saving for retired life after an early retirement when compared to a regular retirement 3:11 Now, in a far shorter work life you need to accumulate enough savings for a longer retired life 3:48 Retirement savings will need earn enough in retirement and covers regular and periodic costs 3:54 It should be able to cover even unanticipated costs 4:23 With the retirement savings target fixed, determine how much need to spend and invest 4:33 You will need to invest more since you will need to save more in a shorter work life 5:08 Be prepared for compromises like cutting down on some expenses 5:13 Look for expenses that can be staggered 5:36 Invest your money in high growth investments that grow faster than inflation 5:48 Invest your money in high growth investments that grow faster than inflation 6:29 You can't rely on fixed deposits for growing your money 6:38 You money has to grow well despite the impact of inflation and tax 7:06 Opt for equity mutual funds to grow your money 7:10 Consider consistency of performance over 1, 3 and 5 years for equity mutual funds 7:20 Compare performance with the benchmarks of the funds besides comparing performance with peer funds 7:29 You can invest through systematic investment plan or SIP 7:39 If investing in an SIP before, increase the SIP amount 8:11 Get a fix on your retirement housing. Where will you stay after early retirement? 8:20 Retirement housing is important for anybody but it is critical for those planning an early retirement 8:30 This is because it is a huge investment and you need take loans 8:34 You can't have an early retirement if you have an outstanding home loan 9:12 You need to retire any home loan before you retire early 9:25 You need to make provisions for healthcare costs 9:31 During age 40-45, ailments typically start surfacing 9:37 Remember, as you age, medical costs typically increase 9:50 You need to have health insurance and coverage for critical illness through critical illness cover 10:06 Ensure that your family is covered by health insurance 10:10 Retirement savings shouldn't get spent in medical emergencies in retirement 10:37 Have a Plan B that will cover you just in case things don't go as planned Facebook: https://www.facebook.com/fundoomoney/ Pinterest: https://in.pinterest.com/fundoomoney/ Twitter: https://twitter.com/FundooMoney Google+ : https://plus.google.com/u/0/+FundooMoneyWorld Sound Cloud: soundcloud.com/fundoomoney Slideshare: www.slideshare.net/FundooMoneyWorld LinkedIn: https://www.linkedin.com/company/fundoomoney
Views: 10199 FundooMoney World
Young Doctors and Money, Part 2: Savings
 
14:32
In Part 2, Carlsen talks about the importance of an emergency fund, how and where to invest for retirement, and who to keep far away from.
Views: 3295 DrDougCarlsen
Doctor Asks Patients to Fund His Retirement?
 
04:00
The Doctors weigh in on the physician who asked his patients to help pay for his retirement. Do they think this was appropriate? Subscribe to The Doctors: http://bit.ly/SubscribeTheDrs LIKE us on Facebook: http://bit.ly/FacebookTheDoctors Follow us on Twitter: http://bit.ly/TheDrsTwitter Follow us on Pinterest: http://bit.ly/PinterestTheDrs About The Doctors: The Doctors is an Emmy award-winning daytime talk show hosted by ER physician Dr. Travis Stork, plastic surgeon Dr. Andrew Ordon, OB-GYN Dr. Jennifer Ashton, urologist Dr. Jennifer Berman and family medicine physician and sexologist Dr. Rachael Ross. The Doctors helps you understand the latest health headlines, such as the ice bucket challenge for ALS and the Ebola outbreak; delivers exclusive interviews with celebrities dealing with health issues, such as Teen Mom star Farrah Abraham, reality stars Honey Boo Boo and Mama June and activist Chaz Bono; brings you debates about health and safety claims from agricultural company Monsanto and celebrities such as Jenny McCarthy; and shows you the latest gross viral videos and explains how you can avoid an emergency situation. The Doctors also features the News in 2:00 digest of the latest celebrity health news and The Doctors’ Prescription for simple steps to get active, combat stress, eat better and live healthier. Now in its eighth season, The Doctors celebrity guests have included Academy Award Winners Sally Field, Barbra Streisand, Jane Fonda, Marcia Gay Harden, Kathy Bates and Marisa Tomei; reality stars from Teen Mom and The Real Housewives, as well as Kris Jenner, Caitlyn Jenner, Melissa Rivers, Sharon Osbourne, Tim Gunn and Amber Rose; actors Jessica Alba, Christina Applegate, Julie Bowen, Patricia Heaton, Chevy Chase, Kristin Davis, Lou Ferrigno, Harrison Ford, Grace Gealey, Cedric the Entertainer, Valerie Harper, Debra Messing, Chris O’Donnell, Betty White, Linda Gray, Fran Drescher, Emmy Rossum, Roseanne Barr, Valerie Bertinelli, Suzanne Somers; athletes Magic Johnson, Apolo Ohno and Danica Patrick; musicians Tim McGraw, Justin Bieber, Clint Black, LL Cool J, Nick Carter, Kristin Chenoweth, Paula Abdul, Gloria Gaynor, La Toya Jackson, Barry Manilow, Bret Michaels, Gene Simmons and Jordin Sparks; and celebrity chefs Wolfgang Puck, Guy Fieri and Curtis Stone.
Views: 2296 The Doctors
David Alemian - Inflation  Physician's Retirement
 
05:09
Contact: David Alemian www.PhysiciansRetirementPlan.com. Tel.(760) 231-8788 Email: David@PhysiciansRetirementPlan.com Alemian File – Inflation The AMA Insurance Agency 2013 Report on US physician’s financial preparedness revealed that 48% almost half of all US physicians are behind their retirement plans. The same agency just came out with their 2014 report. This time it is about EMPLOYED physician’s financial preparedness. It's important to note that nearly 60% of all US physicians are employed by a group practice, hospital or medical school and the results are just as disturbing as before, because the trend continues. Once again the report shows that nearly half of all physicians consider themselves behind where they like to be in saving for retirement. Hi I'm David Alemian and welcome to another edition of the Alemian file. In an earlier episode, I introduced you to what I call the Alemian retirement killers. There are five of them taxes, inflation major medical illness, market losses, and late start to saving due to medical school bills. Any one of these can financially kill your retirement, causing YOU run out of money in the middle of retirement. Today I'm going to talk about inflation, I call it the silent killer of retirement. The same way that cholesterol and blood pressure are called the silent killers, because they have no symptoms but the the effects that they have on your body creep up on you over time and take their toll. So is the effect of inflation on your retirement, you don't notice it on a day to day basis, as it quietly eats away at your purchasing power. Over time inflation takes it’s toll on your ability just to maintain your current lifestyle. Eventually, you are faced with the choice of either dramatically cutting back on lifestyle or running out of money. Neither one is a good choice which is why Inflation made the list of the Alemian Retirement Killers. To be accurate and calculate how inflation will affect your retirement we’ll use the long-term inflation rate. Over the last 50 years inflation has averaged 3.33%. At that rate, the cost of most things doubles about every 21 years. What does this mean to you? Whatever it cost you to live now... In about 21 years it should cost you about double. Now remember any fixed costs should be factored in as fixed costs. Here is a shocking example of what inflation will do. A 40-year-old doctor with about $7500 per month in living expenses can expect to spend about $15,000 per month by the time he or she reaches age 61. And that is just last to maintain the same standard of living. But we're living longer, so when this same doctor reaches the age of 82 that Dr. can expect to be spending about $30,000 per month. This doctor would have to plan for a lifetime retirement income of approximately $30,000 per month to reach age 82, and an income of $45,000 per month to reach age 93. Subtract any expenses that will go away (personal debt, medical school bills etc.) Remember, you want to be accurate so only subtract your mortgage if you truly expect to completely pay off your mortgage. And what you have now is a simple way to calculate how much money you will need to stay ahead of inflation. The lesson that I want you to take away is this, One: Add up your monthly living expenses Two: Starting with your age today, Double those monthly living expenses every 21 years. Three: Keep any fixed costs the same and subtract any expenses that will go away (personal debt, medical school bills etc.) The remaining amount will give you a good idea of how much AFTER-TAX money you will need to stay ahead of inflation while maintaining your current lifestyle through retirement. Feel free to email your questions to Questions at The Alemian File . com Watch for future editions of The Alemian File and discover how to build the retirement of your dreams. My Name is David Alemian Thank you for watching.Alemian File – Inflation
Views: 108 David Alemian
Why Medicare Planning is Important to Retirement - Let's Get Down to Business
 
13:44
Curtis reviews the top seven items about Medicare you should know. Medicare is an important aspect of retirement planning. Medicare part A is hospital coverage, Medicare part B is physician and out patient covering 80%. This is why seniors need to purchase a Medicare Supplement policy to cover the other 20%. Medicare part C are Advantage Plans.Medicare part D is a limited drug plan. Medicare pays partial medical expenses like dental, eyes and other items. Heath savings accounts are available for funding through age 65. Funding an HSA account with pretax dollars and the distributions for qualified medical expenses are tax free. Tax management may result in paying less Medicare premium by keeping eligibility for Tier one and two, the lowest premium income means testing for Medicare. Syndicated financial columnist and talk show Steve Savant interviews author, platform speaker and nationally recognized retirement expert Curtis Cloke, adjunct professor at the American College. And as a producer, Curtis is a qualifying member of MDRT and Top of the Table. http://youtu.be/nvLQgDfF0LM
Views: 1131 Ash Brokerage
Are You a Boomer Physician Worried about Retirement?
 
02:32
If you are a physician in your 50's or 60's, you may be behind in retirement planning. Vicki Rackner MD, President of www.MedicalBridges.com, points out that safe targeted financial solutions-- like those used by Warren Buffett and financial institutions like banks --can help you get your retirement plans back on track.
Views: 31 Doctor Retirement
Why Max Out Your HSA | BeatTheBush
 
06:05
Have you noticed that little thing in your pay benefits such as the HSA account that requires a high deductible health plan? It may see a bit random but this savings vehicle is actually a very useful tool to help you reduce you taxable earnings! Typically, you can use the money in your HSA tax-free for qualified medical expenses. But why should you only contribute what you use in one year? Why not just max it out because you will eventually use this money for medical expenses anyway? Worst case is you contributed too much but you can still take this out of your HSA after 65 and you only have to pay income tax with no additional penalty. It has the advantages of a 401k PLUS being able to use it tax free now on medical expenses. Therefore, this should be prioritized over 401k contributions but AFTER 401k matching. Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Credit Card for Starters Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0 Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q Credit Card Basics How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A How Credit Card Grace Periods Work: https://youtu.be/8WuH3-PsjCA Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM Credit Card Statement Closing Date vs. Due Date: https://youtu.be/3-knvT7JbTk Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU Credit Card Balance Transfer Hack: https://youtu.be/F2Foqg2ZTEw Credit Score Less Than 700 Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8 How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM How to Boost Your Credit Score Within 30 Days: https://youtu.be/LyBjciz4-zg Credit Score More Than 700 How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs 740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM Advanced Credit Card Tricks How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8 Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4 Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg Cash Back Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4 Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk 5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI Always get 11% Off Amazon Gift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4 Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0 Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo This Channel: BeatTheBush I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel. Other Channels: BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY
Views: 34379 BeatTheBush
Retirement Planning: 5 Steps To Success
 
42:25
Find out how MD's five-step financial planning process for physicians can yield the retirement plan you need.
Retirement Planning in Your 40's - Financial Planning Advice for Retirement - 5 Smart Moves
 
03:15
Here are the smart financial moves you need to make in your 40's to keep your financial life on track. Download the 8 Steps to Organize & Optimize Your Financial Life: http://bit.ly/OrganizeAndOptimize. Scott Weiss is a Fee-Only Certified Financial Planner. Subscribe to my channel: http://bit.ly/scottweisscfp ******************************************** Learn more about working with Scott at Weiss Financial Group Here: http://www.weiss-financial.com ******************************************** Subscribe to my blog: http://www.mahopacmoney.com ******************************************** Get Social -------------------------------- LinkedIn: https://www.linkedin.com/in/scottgweiss Facebook: https://www.facebook.com/WeissFinancialGroup Twitter: https://twitter.com/_scottgweiss ******************************************** Video Notes: ---------------------- You’ve got some important work to do in your 40’s to get your financial life in order. Here are the smart financial moves you need to make right now. THE SANDWICH GENERATION Once you hit your 40’s you may be “sandwiched” between taking care of your kids and your elderly parents or relatives. This stage of life is often referred to as the sandwich generation. TIP: Maintain Planning Efforts Despite Additional Stresses With increased financial pressures, you’ll want to try and maintain your retirement planning efforts in the face of these stresses. Here are the 5 smart moves to make SMART MOVE #1 MAINTAIN YOUR EMERGENCY FUND TIP: Make This a Top Priority! Make your emergency fund a top priority. With all your responsibilities at this stage in your life the importance of your emergency fund increases. Read my blog post on emergency funds to help you figure out what you need and how to maintain it: https://mahopacmoney.com/2016/02/02/how-big-should-your-emergency-fund-be/ What's an Emergency Fund? An emergency fund is a stash of money set aside to cover the financial surprises life throws your way. These unexpected events can be stressful and costly. Some of the top emergencies people face include Job loss, medical and dental procedures, and insurance deductibles. SMART MOVE #2 ADD TO RETIREMENT SAVINGS TIP: Make Sure You Are Contributing Regularly Make sure you are regularly contributing to your 401(k) or other retirement savings vehicle. Hopefully you’ve already been doing this, if not, get going. You want to be putting aside at least enough to get the company match but your ultimate goal really should be to max out your contributions. SMART MOVE #3 CREATE A COLLEGE FUND TIP: Don’t Dip Into Retirement Funds to Pay for College You may have teens or pre-teens at home, and if you have not yet considered creating a college fund that can grow and compound over time, now is the right time. You should not dip into your retirement fund to pay for their college educations, no matter how onerous college loans may seem. SMART MOVE #4 CHECK YOUR INSURANCE TIP: Life Insurance & Consider LTC as You Get Closer to 50 Make sure you have proper coverage or if adjustments need to be made. Also, you may want to start considering long term care insurance particularly as you get closer to age 50 SMART MOVE #5 START ESTATE PLANNING TIP: Update Your Will and Consider Trusts The rule of thumb is that if you're acquiring assets like real estate or cars, which is probably what you are doing in your 40’s, then it’s time to start thinking about your estate. You definitely want to have will and you may want to consider a trust. For a more detailed explanation of what wills and trusts can do for you, watch these videos: What is a Will: https://www.youtube.com/watch?v=XqaDQK8g6U4 How Trusts Work: https://www.youtube.com/watch?v=5ifFpehHjJQ Sources: --------------- 1. This material was prepared, in part, by MarketingPro, Inc. Disclosure: ------------------- Weiss Financial Group is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser, tax professional, or attorney before implementing any strategy or recommendation discussed herein. Insurance products and services are offered through individually licensed and appointed agents in all applicable jurisdictions. The advisers at Weiss Financial Group are not attorneys of a law firm but can provide guidance to the client’s other professionals. Leave me a comment to ask any question or contact me through my website if you'd like to see if I can help you.
Views: 17868 Scott Weiss, CFP
Retirement Tips: How to create your own Personal Pension Plan
 
09:15
Most retirees are not prepared for the income loss they will face during retirement. Social security and 401(k)s will most likely not be enough to sustain the lifestyle you have become accustomed to. Developing your own personal pension plan will help you overcome these challenges.
Views: 29607 SafeMoneyPlaces
David Alemian - Retirement Planning for Dentists
 
04:40
www.PhysiciansRetirementPlan.com. Contact: David Alemian Tel. (760) 231-8788 Email: David@PhysiciansRetirementPlan.com Are you a dentist in your 40’s 50’s or even mid-60’s wondering how will I ever be able to retire? Are you concerned about not having enough money for retirement? Hi, I’m David Alemian, retirement expert, radio talk show host, video columnist and author of the soon to be published book The Physician’s Retirement Plan. I help dentists just like you enjoy a tax-free retirement income without the risk of running out of money. I’ll get right to the point. You don’t have time to wait and you want the problem fixed. So let's fix it now, because this problem is like tooth decay, the longer you wait, the worse it gets, and if you wait too long it'll be too late. Here is how others dentists just like you have made it so they are guaranteed never to run out of money in retirement. You financed your education, you financed the purchase of your home You financed your car Most large financial undertakings are financed…. Why not finance your retirement? Let’s say we have a 50 year old dentist who is behind on his or her retirement savings. This dentist does not have a lot of time to catch up, because the dentist wants to retire at age 65. The dentist decides to put fifty thousand dollars per year into this retirement plan. A very large bank matches that contribution and loans the dentist another fifty thousand dollars per year to put into the retirement plan. So now the dentist has one hundred thousand dollars per year going into this retirement plan. There are no monthly payments, and there are no loan applications or loans for the dentist to sign, because the plan itself will fully collateralize the loan. That's because, there is always enough money in the plan to cover the loan. The dentist does this for five years and each year the bank matches the dentist’s contribution. After the fifth year, the dentist stops… contributing to the plan. He’s all done. Here is the amazing part… In the second five years…. years six through ten, the bank puts the entire one hundred thousand dollars per year into the plan…. So that at the end of the 10 years… one million dollars has been put into the dentist’s retirement plan. That is four times what the dentist has put in. Now the money grows and compounds for the next five years and in year fifteen, the bank gets their money back along with the accrued interest. Here the best part… In this conservative example, starting at age 65 the dentist would enjoy a tax-free retirement income of about sixty thousand dollars per year for life. Some of these plans yield six figure tax free retirement incomes that are guaranteed for life. Imagine being able to maintain your current lifestyle through retirement and never run out of money. This plan is so safe and secure that even during the banking crisis, these plans were still being approved. So what does the smart money think about this? Warren Buffet likes it so much so that he is owns a number of companies that provide these types of plans. You know some people have told me that this plan sounds too good to be true, I mean, a bank lends you money for your retirement plan, and there are no monthly payments and then they wait 15 years to get paid back from the plan itself, there’s no risk to you and then you get income that is guaranteed for life? There’s gotta be a catch right David? Well there isn’t, as a friend of mine whose spent 40 years in the banking industry told me, it’s the safest kind of loan that a bank can make. In summary, this is a safe and secure way for dentists to use financial leverage to catch up on their retirement readiness. Please give me a call at 760 231 8788 The same way the you want to help your patients, I want to help you. Contact me and lets see if whether or not that you’re a good candidate for this of plan. My contact information is next.
Views: 125 David Alemian
How To Start Your Own Pension Plan
 
03:18
Modern, private pension plans are similar to the good old pension plans of yesteryear in the fact that they pay you an income for life. The advantage of the modern private pension plan is that almost any physician can easily set one up.
Views: 142 MD Magazine
Debt Buyers: Last Week Tonight with John Oliver (HBO)
 
20:51
Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it! Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 11512131 LastWeekTonight
Highlights - Dental Insurance And The Power Of Planning - Hallmark Channel
 
07:39
Subscribe to the Physicians Mutual YouTube Channel here: http://www.youtube.com/subscription_center?add_user=PhysiciansMutual Bob Gunia, Senior Vice President at Physicians Mutual, returns to Home & Family to talk about why it’s just as important to plan for dental care as it is for health care expenses in retirement — or at any age — and what we need to know to make confident decisions. Take control of your dental health in retirement. People have always recognized the need to plan for health care expenses in retirement. But until recently, planning for dental care — and the high costs that come with it — wasn’t even part of the planning conversation. But that’s changing. Today, more people are taking control and planning ahead for dental expenses — and making dental insurance part of their retirement plan. The increased demand for dental insurance as part of a retirement plan is greatly due to the fact that we’re living longer. And unlike it was 50 years ago, when nearly half of older Americans lost their natural teeth, advances in preventive care and treatments have allowed us to keep our teeth longer. Because of the connection between our dental and overall health, good dental care remains important throughout our lives. How will you plan to pay unexpected dental bills? Even though more people are planning ahead for dental care, a large coverage gap still exists for all ages. For instance, 90 percent of Americans lose their dental insurance when they retire, and Medicare doesn’t cover dental care. And because a growing number of employers — currently more than 69 percent — no longer include dental insurance as a group benefit, even people in the workforce are facing coverage gaps. So, just as they plan for unexpected medical bills, people also need to consider how they’ll pay for unexpected dental bills. Planning ahead can be particularly important, especially if you’re on a fixed retirement income. With the average Social Security benefit at about $1,400 a month, paying out-of-pocket for a root canal costing $900 or more, for example, can be difficult for many people. In fact, a recent study indicated nearly 6 in 10 Americans wouldn’t have enough money in savings to cover $500 in unplanned expenses. Plan ahead even if your teeth are healthy today. Even if your teeth are in good shape now, it’s hard to predict what your future dental care needs will be. Many people have old fillings and crowns. These things can fail over time. Repairs can be expensive, and the need for them generally can’t be ignored. Affordable coverage can help pay dental bills. Many people put off buying dental insurance because they don’t necessarily see the value in this coverage. They also might think they can’t afford it, or that they can “make do” without it. But as more people discover the value of dental insurance — how it can help pay for the dental care you need — and just how affordable it is, the movement to plan for dental expenses in retirement will likely continue. Know what to look for when buying dental insurance. If you’re looking for dental insurance, it’s important to understand what you’re buying. First, make sure the dental insurance policy you choose covers the services you’re most likely to need. When Americans age 60 and older were asked in a recent survey about the dental services they get most often, preventive care was at the top of the list, followed by fillings, crowns and root canals. Second, understand that most dental insurance policies have waiting periods for things like crowns and root canals. These waiting periods help keep your premium costs affordable. However, some policies offer immediate coverage for preventive care, which means you can get a dental checkup as soon as your insurance policy is in place. Third, be aware that many dental insurance policies have annual maximums, which put a cap on how much your insurance will pay in a year’s time. Be sure to look for dental coverage that does not have an annual maximum. Finally, if being able to choose your own dentist is important to you, be sure to look for dental insurance with a large provider network. In most cases, you’ll save money by seeing a dentist within the plan’s network. Sources: “Dentistry Advocates Aim To Fill Medicare Gaps,” by Phil Galewitz, Kaiser Health News, khn.org, March 6, 2017 “Medicare & You,” Centers for Medicare & Medicaid Services, 2017 “Older Americans Not Receiving the Oral Health Care They Need,” by Melissa Hoebbel, Oral Health America, September 3, 2013 “Fact Sheet,” Social Security Administration, ssa.gov, 2017 “Why Some Millennials Aren’t Smiling: Bad Teeth Hinder 28% In Job Search,” by Diana Hembree, forbes.com, March 28, 2017 “6 in 10 Americans don’t have $500 in savings,” by Kathryn Vasel, money.cnn.com, January 12, 2017 Dental Panel Survey conducted by Qualtrics for Physicians Mutual, 2016
Views: 1297 Hallmark Channel
The Biggest Federal Employee Retirement MISTAKE
 
03:31
Retirement can be tricky and there's many mistakes to be had. Today I discuss the biggest mistake I see federal employees make and what they can do about it. -- ► Subscribe to My Channel Here: https://www.youtube.com/channel/UC8bWrSS2BdaQGtc1mq45Z6g?sub_confirmation=1 -- Cooper Mitchell helps federal employees better understand their benefits and helps them retire on their terms. Using financial planning and investment management through Cooper is able to tackle the issues that are unique to federal employees. Cooper is also a public speaker who is available for various federal conferences and events. Find Cooper here: Website: http://fedretirementplanning.com Work with Cooper: http://http://www.fedretirementplanning.com/work-with-cooper/ Facebook: https://www.facebook.com/fedretirementplanning/ Email: cooper@fedretirementplanning.com -- As always, enjoy, and please subscribe! -- © Copyright Fed Retirement Planning 2016, All Rights Reserved
Self Directed Retirement for Employer Sponsored Physicians
 
01:51
Medical professionals in the University of California system: Kaiser, Banner, St. Joseph’s, Dignity Health, and Maricopa Medical Center can all avail themselves of an employer-sponsored retirement plan offering a self-directed option. How does a risk adjusted investment strategy totally customized for you and your retirement plan at no direct cost to you sound? Over the past 20 years we’ve seen many clients who simply aren’t allocating their retirement accounts effectively. Mosaic Financial Associates 960 W. Elliot Road, Suite 111, Tempe, AZ 85284 480-776-5920 Securities and investment advisory services offered through NEXT Financial Group, Inc. Member FINRA/SIPC Mosaic Financial Associates is not an affiliate of NEXT Financial Group, Inc. Learn more at http://mosaicfa.com/
Withdrawing money from retirement accounts
 
05:46
Withdrawing money Now that we've covered how to put money into your retirement account, and how to manage it once it's in there, let's take a look at how to withdraw your money. The government gives up a lot of tax revenue by letting you save through retirement accounts. The government is offering you the carrot of tax deferred savings, but it also has the stick of penalties to deter you from raiding your account before retirement. Penalties for early withdrawal Generally, you cannot withdraw money in retirement accounts until you reach the age of 59.5. If you withdraw funds early, the amount you withdraw is treated as taxable income with taxes due immediately. You also must pay an additional penalty tax of 10 percent of the amount withdrawn. As always, however, there are exceptions and you actually have a good degree of access to your money. Borrowing against retirement account assets In the case of a 401(k), it depends on the plan, but you generally can borrow against your account balance for any reason. You don't have to show any kind of hardship. You normally can borrow up to half of your account balance, up to a maximum of $50,000. The term of the loan is normally five years, and longer if the loan is used to make a downpayment on a home. You generally pay a low interest rate on the loan, and best of all, you usually pay the interest to your own retirement account. 403(b) plans also normally allow borrowing against your account. IRA's are different, however. You can't use your IRA money as collateral for a loan. 401(k) hardship cases with penalty 401(k) plans also allow you to withdraw your money in so-called hardship cases. The definition of a hardship varies from plan to plan, but some acceptable hardships include making a downpayment on a home and paying for college tuition. In these cases you can withdraw your funds before age 59.5, but you still must pay the penalty tax of 10 percent, despite the hardship. 401(k) hardship cases without penalty There are also cases where you can withdraw money from your plan without paying the penalty tax, but these are more drastic cases. If you have large uninsured medical expenses or suffer a disability and cannot work, you can withdraw the money before age 59.5 and avoid paying the 10 percent penalty tax. Also, if you die before age 59.5, your beneficiaries can withdraw the money without paying the penalty. In both cases, however, regular income taxes must be paid. Withdrawing money as an annuity Finally, you can withdraw money before age 59.5 and avoid any penalty if you agree to withdraw the money in a series of roughly equal payments each year. Assume you're 50 and have enough money saved up to retire. You can stop working and receive roughly equal annual payments from your account as determined by IRS tables. You must continue these payments for five years or until age 59.5, whichever is later. You must pay normal income taxes on the annual distributions, but you won't have to pay a penalty. Withdrawing money after age 59.5 We've talked about how to manage money before you've retired, so now let's look at how to manage and withdraw money from your accounts after retirement. After age 59.5 you can tap into your accounts without penalty, but your retirement accounts should be the last place you'll want to look for money. If you have other savings outside of retirement accounts, you'll want to use these other savings first. You'll want to let your money in the retirement accounts grow tax-deferred as long as possible. Forced withdrawals after age 70.5 However, the day will come when you'll have to begin to withdraw money from your retirement accounts. In fact, after you reach age 70.5 you must begin making minimum withdrawals from your retirement accounts according to a set schedule. Unfortunately, you can't let the money grow tax deferred forever. But in most cases when you take the money out after age 59.5, you can take out almost any amount you want, whenever you want. You can take out a big chunk all at once, or you can have your mutual fund send you checks on a monthly basis. If you receive a lump sum from a pension, you can annuitize the lump sum by turning it into a stream of monthly payments for your lifetime. However, you will have to pay income taxes on almost all the distributions that you receive from your retirement accounts. About the only exceptions are if you make non-deductible contributions to your IRA or 401(k). At the end of the year your old employer or the mutual fund will send you a Form 1099-R. This form shows how much you received from your retirement account. The IRS uses this information to ensure that the amount listed on your tax return matches the amount distributed by your mutual fund. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/150-withdrawing-money-from-retirement-accounts
Views: 14646 MoneyHop.com
What Investment Thumb Rules Should Every Doctor Follow? | Money Doctor | Ep 1
 
05:23
What Investment Thumb Rules Should Every Doctor Follow? | Money Doctor | Ep 1 Today, with everything being so readily available on the Internet, you'd think people would treat their maladies on their own at home. And yet, the queues outside doctors' clinics are as long as ever. As doctors, no one better understands the importance of consulting an expert about a problem and then following through with their advice religiously. If a patient were to not adhere to prescriptions or skip regular checkups, you wouldn't go easy on them would you? Well, it's time doctors began practicing what they preach! Our Editor-in-Chief Vivek Law along with Certified Financial Planner, Gaurav Mashruwala are here to impress upon you the importance of consulting a financial planner for the optimum health of your finances in this edition of SBI Mutual Fund presents Money Doctor - The Health of your Wealth. Click The Below Link To SUBSCRIBE: http://www.youtube.com/channel/UCOKqI7wA_ohFnx7PFSOPLBA?sub_confirmation=1 Facebook: https://www.facebook.com/investonomix Twitter: https://twitter.com/investonomix For More Details Visit: www.investonomix.com
Views: 604 Investonomix
Retirement Plan Specialists Can Be a Boon to High-Income Earners - Right on the Money - Part 4 of 5
 
10:22
Sub Headline: Often-overlooked benefits can provide big reward to a small segment Synopsis: Highly-paid and taxed professional services providers, including doctors, can benefit from high-impact retirement asset management strategies that are often misunderstood or underutilized. Management of taxes on accumulated assets can ease the burden of managing risk and growth. Content: While many workers are challenged to create enough wealth to retire, high-earning, professional services providers - including doctors and athletes - face the very different struggle of preserving the wealth they’ve already created. Fortunately for them, effective retirement planning that emphasizes tax management can keep them from forfeiting up to 90% of their income over the long term, including estate taxes. In some cases, the high earner in a 40% tax bracket has solutions available that exceed ones provided to those who earn less. Surprisingly, many high-income earners are unaware of or misunderstand the available remedies. By employing the services of a qualified retirement plan professional who knows this niche, tax burdens can be reduced by 50%. Moreover, by effectively managing the tax component in earning and retirement years, earners reduce reliance on the income and investment elements of their portfolio. Managing taxes isn’t even a risk; it’s simply implementing readily available tools. Key to the tax management solution is affiliating with a retirement planner who’s not only experienced with these guidelines, but who also collaborates with knowledgeable CPA and actuarial colleagues. Together, a team of professionals can implement strategies that overcome underutilized or overlooked opportunities. Although defined benefit plans (pensions) are disappearing from many workplaces, they’re being embraced by high-income earners due to the high level of tax protection afforded to participants. In part due to the 2006 Pension Protection Act, contributions of roughly $2.5 million can be shielded from taxes, and when combined with an advanced benefit plan, enjoy unlimited tax protection. Another tax-advantaged strategy is a 401(H) plan, which functions like health savings account, but with added benefits. Not only can pre-tax dollars be set aside to fund anticipated medical expenses occurring in pre and post-retirement years, this plan type allows for carryover or make-up contributions in future years, along with tax-exempt distributions. Additionally, the plan applies to dependent parents living with the contributor. Again, many who qualify do not realize the extent to which they can contribute and shield income from taxes. Well-advised high-income earners also utilize traditional devices like a Roth IRA, which accumulates tax –free and is excluded from conversion taxes and required minimum distributions (RMDs); life insurance, with benefits that pass tax-free to heirs, a cash value that can produce tax-free income, and a long-term care rider; and fixed-index annuities, which provide gains when earned by a designated index, and a guaranteed floor value in the index’s underperforming years. High-income earners whose retirements are more “when” than “if” can leave a lifetime’s worth of earnings on the table if their resources are not managed appropriately. Accordingly, they can be well-served by affiliating with financial professionals who understand their situations, and who routinely diagnose and remedy tax management issues that can otherwise disrupt their retirement portfolio. Syndicated financial columnist Steve Savant interviews top retirement specialists in their field of expertise. In this segment we’re talking to economist, best selling author, registered investment adviser and masters of science in financial services Dan Casey. Right in the Money is a financial talk show distributed in daily video press releases to over 280 media outlets and social media networks. (www.rightonthemoneyshow.com) https://youtu.be/ehFGZsS-M3s
The Alemian File: The Retirement Plan for Your Kids
 
04:10
One of the main financial concerns physicians face is saving for retirement. This week, David Alemian looks at how physicians can alleviate that concern for the next generation.
Views: 45 MD Magazine
Financial Issues Impacting a Physicians Retirement Years.wmv
 
34:48
What does one of the oldest fee-only advisory firms in the country recommend physicians do for retirement planning? In this webinar, Gary Pittsford, CFP® and Michael Kalscheur, CFP® of Castle Wealth Advisors review big issues that will have a significant impact on your retirement years. This includes: • Retirement Income Security • Growing & Protecting your Net Worth • The Dangers of High Investment Fees and High Taxes
Which Qualified Retirement Plan is Right for You?
 
15:56
Webcast: November 25, 2014 - Which Qualified Retirement Plan is Right for You? Saving for retirement is an essential component of a comprehensive financial plan, but it is often difficult to determine which type of retirement plan is best suited to your individual and/or corporate needs. In this month’s free on-demand webcast, OJM principal Jason O’Dell provides an overview of qualified retirement plan (QRP) options and discusses these important considerations affecting your QRP decision and overall financial plan: - QRP ground rules for participants and employers - Contribution maximums - Protection of assets within the QRP - Income taxation on withdrawals and value of tax deferral - Options for hedging against taxes on QRP withdrawals About the Presenter: Jason M. O’Dell is a principal of OJM Group and a co-author of the books For Doctors Only: A Guide to Working Less & Building More and Fortune Building for Business Owners and Entrepreneurs, along with several other books and articles on financial topics. He has experience as an entrepreneur, financial consultant and investment advisor and has been working with high-net worth and physician clients for more than 20 years. Jason has conducted financial planning, asset protection and wealth management lectures throughout the nation and has been recognized by Medical Economics as "One of the Best Financial Advisers to Physicians" and by Cincinnati Magazine as a “Top Wealth Manager.” Jason graduated with a Bachelor of Arts degree in Economics from The Ohio State University and has earned a Master of Science degree with an emphasis in Financial Planning.
Views: 550 OJM Group
Thor Ragnarok: Doctor Strange Scene
 
04:56
Thor Ragnarok, Doctor Strange's appearance in the movie. Imprisoned on the other side of the universe, the mighty Thor finds himself in a deadly gladiatorial contest that pits him against the Hulk, his former ally and fellow Avenger. Thor's quest for survival leads him in a race against time to prevent the all-powerful Hela from destroying his home world and the Asgardian civilization. Buy and watch the movie here: https://goo.gl/VVtCPE ALL COPYRIGHTS IN THIS VIDEO IS PROPERLY OWNED BY WALT DISNEY PICTURES.
Views: 616933 Moby Ce
David Alemian - Recruiting and Retention for Healthcare Organizations
 
04:11
Contact: David Alemian (760) 231-8788 David Alemian – Bio Successfully recruiting and retaining physicians and key healthcare executives is a unique, specialty skill. It’s a challenging arena but respected author David Alemian makes it look easy when delivering the talent you want. His highly anticipated book “The Physician’s Retirement Plan” is in prepublication and due out later this year. Alemian is a leading retirement expert and recognized authority whose expertise is shared via video columns, numerous journals and on a radio talk show. Most recently, Physician’s Money Digest and MD Magazine signed Alemian to a five-year contract to produce and host a new weekly financial video series titled “The Alemian File.” His national recognition results from both revolutionizing and revitalizing how healthcare organizations attract and retain top talent. He’s considered “The Go-To Guy” for creating and implementing absolutely irresistible recruitment and retention programs. Imagine for a moment the benefit of having physicians and key healthcare executives eagerly “standing in line” to work for your organization. Reliable medical industry studies show the #1 concern for all U.S. physicians is their retirement. Alemian helps healthcare organizations use comprehensive retirement benefits to more easily attract and retain physicians by fulfilling their need a secure retirement. His proprietary strategies and techniques level the playing field for rural healthcare organizations forced to compete for qualified candidates with metropolitan organizations. Formerly the host of “It’s About Money” Radio Show, Alemian has also produced and is featured in over 200 financial education videos. Additional content can be found in many well-respected, medical publications including: Physicians Practice, Journal of Clinical Oncology, Consultant Live, Psychiatric Times, Cancer Network and OB/GYN.net. Would you like a powerful way to recruit and retain physicians and key healthcare employees? If you want to recruit or retain employees you have to give them something that they want. Here is absolute proof that good retirement benefits at the top of the list of what all physicians want. The AMA Insurance Agency is owned by the American Medical Association. In 2014 the agency reported the number one concern for all US physicians is providing a comfortable retirement for themselves and their spouse or partner. In 2013 the same agency reported that half of all US physicians are behind in their retirement savings. Here is how you can provide a comprehensive retirement plan that will have physicians and key healthcare employees standing in line to work for your organization. Contact David Alemian at (760) 231-8788 and/or Email: David@PhysiciansRetirementPlan.com
Views: 304 David Alemian
The Defined Contribution Plan Allocations for UC Physicians
 
01:49
This is a subject specific to physicians in the UC System: UC Davis, UCLA, UC Irvine, etc., with allocations to the DCP, the defined contribution plan that are contributions provided to you by your employer. How does a risk adjusted investment strategy totally customized for you and your retirement plan at no direct cost to you sound? Over the past 20 years we’ve seen many clients who simply aren’t allocating their retirement account effectively. We have found the vast majority of participants do not pay the needed amount of attention to the investment elections they make in their plans. Mosaic Financial Associates 960 W. Elliot Road, Suite 111, Tempe, AZ 85284 480-776-5920 Securities and investment advisory services offered through NEXT Financial Group, Inc. Member FINRA/SIPC Mosaic Financial Associates is not an affiliate of NEXT Financial Group, Inc. Learn more at http://mosaicfa.com/
The Alemian File: The Physician's Retirement Plan
 
06:14
You financed your medical education, you financed the purchase of your home, and you financed your car. Why not finance your retirement?
Views: 227 MD Magazine