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What Do You Mean a Roth IRA (and a Backdoor Roth)?

Individual Retirement Accounts (IRAs) come in several flavors, Traditional IRA, Roth IRA, Simple IRA, SEP IRA. The latter two (Simple &...

The 4% Withdrawal Rule

The 4% rule of thumb serves as a guideline to determine a “safe” withdraw rate (SWR) from retirement accounts intended to last a 30-year...

Income Driven Repayment Recalculation

How to request IDR repayment recalculation do to loss/reduction in income. This video will provide guidance:

Income Driven Repayment Strategy in a Community Property State

Filing your taxes separately in a community property state (CA is 1 of 9 states) might be financially advantageous with a properly...

Whole Life Insurance - What You Need to Know

Before I begin the analysis, I think a fundamental question should be asked – “Do I need life insurance?” My answer is “yes” in 2...

W2 vs 1099 Independent Contractor as an Associate Dentist

Prior to 2018, my recommendation was to be paid as W2 employee because you would not be responsible for up to 7.65% in Social Security...

Treatment of State Income Tax & Property Tax in the New Tax Legislation

Current tax regulations allow individuals to deduct their state and local income taxes and property taxes (homeowners) if they can...

Tax Reform Bill - Qualified Business Income Deduction

The GOP tax reform bill is expected to be signed into law by the end of this week, Dec. 22nd. The Qualified Business Income Deduction...

Income Driven Repayment (IDR) Calculator

I’ve developed an IDR calculator that allows you to analyze your unique circumstances(select Calculator tab on menu bar). I do want to...

Tax Deductible Expenses for Dentists

One of the many financial challenges recent grads face is understanding the complexity of tax deductible business expenses. These tax...