#128 Physicians’ Investment Sundae: Minor IRAs, Form 8606 & Other Common Investing Missteps

Summer is a great time to teach kids about finances by running a lemonade stand or selling ice cream at the park. However, if you try to teach them too much, kids will miss some of the important stuff. Physicians are no different and can miss some vital elements when it comes to investing. Listen in as Nate Reineke and Kyle Hoelzle break down some of the most common mistakes physicians make when it comes to investing. We discuss UTMAs and Minor Roths, diving into the pros and cons of each and if they may be right for your family. We also look at the importance of filling out IRS Form 8606 every year, what to consider if you are eligible for two retirement plans, and why you shouldn’t have a target date fund in you brokerage account. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [e-mail]. See marketing disclosures at physicianfamily.com/disclosures