Should physicians hire their spouses? Fishy or fine?

Some tax strategies are fishier than others. This week, you’ll hear about how things are going with Nate and his son’s development as a fisherman, and we’ll also tackle a somewhat fishy 401(k) question: can you, or SHOULD you, hire your spouse for your 401(k)? Like a fresh-caught fish, it’s a slippery question with a tricky answer. You can also catch answers to your colleagues' questions from Ben Utley and Nate Reineke. 

Practice Buy-in: An Orthopedic surgeon in Oregon is anticipating a cash call buy-in and wants to know where they should get the funds from. 

Social Security: An Oregon Urologist is turning 70 in about 6 months (Happy early birthday). He wants to know if he can apply for Social Security even though he is still working. 

401 (k) changes: A listener emailed with a 401 (k) question. Their 401(k) is changing from the more typical ETFs to a collective trust fund, and they want to know the pros and cons of this.

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]. 

 

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