As the year winds down, it is the perfect time to reflect on your financial goals and take steps to maximize your savings for the year ahead. For busy medical professionals, optimizing retirement savings while minimizing taxes is an essential part of securing your financial future. In our last blog, …
Bob’s Budget-Savvy Secrets, November 2024 Maximizing your group health insurance can lead to significant savings. By utilizing digital tools and incentives provided by your insurer, you can not only improve your health but also save money. Here is a personal note from one of our employees that highlights how to …
As the leaves turn and the year winds down, many of you may find yourselves reflecting on your practice’s financial goals and the long-term benefits you offer to yourself and your team. Fall is an ideal season for taking a fresh look at your retirement benefits at work, especially for …
Published October 2024. Data sourced from YCharts as of 10.8.2024. Equity and fixed income markets had a strong third quarter, which concluded with a 50 basis point reduction in the fed funds rate amidst a healthy economic backdrop. The S&P 500 rose 5.9%, its fourth consecutive positive quarter and seventh …
Doctors and medical practices often face substantial tax liabilities due to high earnings and the nature of their business. One of the most effective ways to alleviate this tax burden is through a well-structured retirement plan, such as a new comparability profit-sharing plan. These plans not only help secure a …
When we think of wealth building, we often picture grand strategies, large investments, or bold financial moves. But the truth is, some of the most powerful financial transformations start with the smallest steps. These small, intentional habits, when practiced consistently over time, can lead to remarkable financial growth. Why Small …
At BGA 401k, we understand that doctors face unique financial challenges, particularly when it comes to protecting their hard-earned retirement savings from creditors. Whether you’re a solo practitioner or part of a larger medical group, safeguarding your assets should be a top priority. In this blog, we’ll explore how you …
An Insider’s Short Guide to Paris Now that the Olympics have concluded and your imagination is set on a Parisian adventure, let’s dive into Bob’s recommendations for the City of Light. Classics 1. Eiffel Tower: Ah, the iconic iron lady! The must-see of Paris, whether you ascend or admire from …
As a practice at BGA 401k, we have worked with many doctors and other medical groups to help them maximize their retirement savings while taking full advantage of tax benefits. One of the most effective strategies we’ve found is the new comparability profit-sharing plan. Often, medical practices already have a …
Q2, 2024 Data sourced from Ycharts and Factset, as of 6/30/2024 Equity returns were strong but concentrated in the second quarter as large gains from Nvidia (+36%), Apple (+24%), and AMZN (+20%), $2-3 trillion market cap companies, skewed index returns higher. The equal-weight S&P 500 was down 2% and the …