Atlanta Financial Blog

Asking the Right Questions

Asking the Right Questions

People say the only bad questions are the ones you don’t ask. That can be true, and asking bad questions likely won’t hurt you, but it is more important to ask the “Right” questions. In the last year, I met with a potential client who asked me a question I want to share with you. After some “get to know you chat” he asked me, “So, how are your results?” to which I responded, “Very high.” I could see the confusion on his face, so I just waited. As I will explain later, this had nothing to do with guaranteeing results.

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5 Critical Tax Planning Strategies for Physicians

5 Critical Tax Planning Strategies for Physicians

Whether you are a physician who is still in residency or have enjoyed a mature career and are nearing retirement, strategic tax planning is critical at any stage of a high-income earner’s journey. Smart planning throughout your career not only helps to alleviate tax burdens on a year to year basis, but works to maximize your income in retirement, as well.

Unfortunately, even though the average physician spends roughly a decade in graduate school and training, there is little to no education provided on personal finance or tax planning. With this in mind, we’ve compiled a list of the top 5 tax planning strategies that can specifically benefit hard-working physicians looking to reduce their taxable income and improve their lifetime income stream.

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Benefits of Professional Trustees

Benefits of Professional Trustees

What is a professional trustee?

When you set up a trust, you must name a trustee to manage and administer the assets in your trust. Generally, professional trustees are experienced individuals that work in a trust department in a bank or in a trust company.

Do you need a professional trustee?

In determining whether you need a professional trustee, consider the following…

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What to Do When You Inherit Your Spouse’s IRA

What to Do When You Inherit Your Spouse’s IRA

For many people, a time will come when a parent, spouse, sibling or other beloved family member passes away and they will inherit IRA assets. Because the rules regarding inherited IRAs are not simple, mistakes are often made with inherited IRAs, whether they are inherited by spouses, children or others.  In our experience in working with married couples, most of them name their spouse as the primary beneficiary of their IRA or other retirement accounts like their 401(k) or 403(b). Therefore, it is important for married couples to know how to apply the rules when a spouse inherits an IRA.

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Hear How Atlanta Financial Makes Life’s Journey Richer

Atlanta Financial TV is home to a variety of videos that allow clients and associates to obtain knowledge, insight and experience. Tune in to learn more about our approach to comprehensive wealth management.to comprehensive wealth management.

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