How Can Physician Business Owners Strategically Save For College/Kid's Retirement?

How Can Physician Business Owners Strategically Save For College/Kid's Retirement?

Physician business owners and practice owners have a distinct advantage to use a minor Roth IRA when saving for their kids’ college, as well as an opportunity to jump-start their retirement savings. In this guide, we’ll walk through the 5 basic steps needed to take advantage of this strategy and set your kids up well for the future!

What's the difference between a Health Savings Account (HSA) and Flex Spending Account (FSA)?

What's the difference between a Health Savings Account (HSA) and Flex Spending Account (FSA)?

What is the difference between a health savings account (HSA) and a flex spending account (FSA)? Should a young doctor fund one or the other? This is one of the questions young attending physicians will face when starting their attending jobs. Tax savings and investment returns are just a couple of the major benefits that separate HSAs from FSAs.