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Are adjustable rate mortgages right for you?
Manage episode 438116255 series 2950605
Контент предоставлен W. Ben Utley and Nate Reineke, W. Ben Utley, and Nate Reineke. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией W. Ben Utley and Nate Reineke, W. Ben Utley, and Nate Reineke или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
Episode Overview:
In this episode, Ben Utley and Nate Reineke discuss important financial topics for physician families, including managing inherited assets and evaluating insurance coverage. They also touch on relevant investment strategies and mortgage options in today's financial climate.
Key Points:
1. Consolidating Inherited Accounts:
Streamlining inherited IRAs and retirement plans can simplify management and make calculating required minimum distributions (RMDs) easier.
2. Disability Insurance Considerations:
- A careful assessment of the necessity for disability insurance is vital, particularly as one approaches retirement. Canceling these policies should be approached with caution.
3. Investment Strategy Awareness:
- The hosts discuss the risks associated with new investment strategies, particularly those focused on tax loss harvesting. They advise caution regarding approaches that may lead to losses instead of meaningful growth.
4. Managing Inherited Stocks:
- While holding onto inherited single stocks can carry sentimental value, diversification remains crucial for long-term financial health. Utilizing a stepped-up basis can provide potential tax advantages when selling inherited stocks.
5. Adjustable Rate Mortgages (ARMs):
- The hosts explain how ARMs can be a practical option for home financing, highlighting their benefits, especially for those not planning to stay in their homes for the long term.
6. Impact of Financial Decisions:
- Emphasizing the alignment between financial strategies and long-term goals is key, particularly for high-income professionals like physicians facing unique challenges.
Additional Resources:
Visit www.physicianfamily.com for more information on personalized financial planning and to schedule a consultation.
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get your copy of The Overtaxed Doctor's Retirement Investing Checklist at https://physicianfamily.com/go.
GOT A QUESTION?
Write to us at podcast@physicianfamily.com.
Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.
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