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 …
A Summer Guide to Protecting Your Retirement Plan As July starts to heat up, many of us are focused on vacations, beach trips, and enjoying the sunny weather. But while you’re soaking up the sun, it’s important not to let your guard down when it comes to protecting your 401(k) …
Bob’s Budget-Savvy Secret Traveling can be an exhilarating experience, but a few insider tips can make it even better. Here are some 5 travel tips to help you save money, avoid hassles, and make the most of your trips. If you love theater, joining the free Playbill Club at playbill.com …
Strategies for Retaining Top Talent in 401(k) Plans As a seasoned 401(k) consultant with BGA 401k, I often find navigating retirement plan management like steering a ship through challenging waters. Particularly challenging is handling IRS compliance, where “corrective distributions” often present hurdles that can disrupt even the most adept plan …