Atlanta Financial Blog
Tax-season is finally over and hopefully the results of your 2020 return landed in your favor. But, what should you do now? Sure, you’ve gotten last year out of the way, but what about your future? What about the long-term? Now that you know your numbers, is it time to hire a financial advisor?
As a physician, you’ve worked hard for your degree and the ability to earn the income that comes along with it. But as we all know, one of the challenges of being a high-income earner is devising a tax-planning strategy that keeps more money in your pocket and less out of the Uncle Sam’s.
The COVID-19 pandemic of 2020 has led to seismic shifts in almost all aspects of everyday life, but arguably not a single industry has been affected as much as healthcare. But, could the pursuant changes have a positive impact? There are several reasons that might be the case.
When you think of the most common New Year’s Resolutions, what immediately comes to mind? Generally, the most popular resolutions include getting in better shape, getting organized, and improving wealth and well-being. The ultimate goal is to grow in ways that enhance and better our lives.
Did you know that Georgia offers businesses a tax break for investing in your employees? If you are a business owner, under the Georgia Retraining Tax Credit program, your business can receive a tax credit of 50 percent of your direct training expenses, with up to $500 credit per full-time employee, per training program, with an annual maximum of $1,250 per employee.
Working With a Physician-Friendly Advisor Is Crucial for Healthcare Professionals. 4 Signs to Look for When Choosing an Advisor
Medical school students graduate with an average student loan debt of $192,000, according to a 2017 survey.1 And with a demanding career ahead of them, most healthcare workers could use the help of a dedicated financial professional. From tackling student loan debt to preparing for retirement, an advisor can help take the lead on managing your biggest financial goals. As you begin your search for a financial partner, consider looking out for these four signs.
When I begin working with a new client it is not uncommon to learn that they have an outdated estate plan. Some people think not much has changed since they last did their plan, while others have different reasons as to why they have not updated their plan. And some tell me they think that estate planning is only for the super-wealthy.
Lies, sex, and accusations of corruption – no election year is complete without them. And while the 2020 election has proven to be one of the most contentious in recent history, contention is nothing new in the world of politics. From the political match-up of Jefferson v. Adams to this year’s Biden v. Trump, mud has always been slung, accusations have always been made and many Americans have found themselves uncertain of a future under new leadership.
While compensation is certainly not the sole driver for aspiring physicians to enter the medical field, there is no doubt that physician compensation in the past has definitely been something that makes the long years of schooling and residency more palatable. But, current regulatory and economic pressures is challenging that post-residency reality and putting significant financial strain on doctors now and moving forward.
As we enter the last quarter of 2020, it’s nearly impossible not to reflect on the normalcy we’re all being pushed to learn. While we’ve come a long way from the start, there are still a few months to go. With an election on the horizon and continual unknowns about the virus, I share 3 quick tips to help prevent the dreaded year-end burnout!
As the pandemic stretches into months instead of the weeks initially expected, many workers continue to work from home. Some jobs lend themselves more easily to this than others. At Atlanta Financial, we continue to work remotely and meet with clients virtually. We are all looking forward to the day when we can get back into the office and see our colleagues and clients again. Nothing can replace face-to-face interactions whether it’s in the break room with fellow team members or in meetings with clients. But, as with many things, there are some silver linings and as it turns out, remote work does have some advantages. A recent study in fact showed that more than half of employees would prefer to continue working remotely, even after the pandemic is over.1
Medicare’s open enrollment period happens once a year between October 15 and December 7. During this time, current Medicare beneficiaries have the option to adjust their coverage for the coming year. This can be a useful option for those who may have recently changed medication, underutilized their current coverage or found they could use additional benefits.
The COVID-19 pandemic hit hard in early 2020, and it continues to remain prevalent as we near the end of the year. Whether you’ve just recently retired, or it’s coming up in the next few years, it’s likely the virus has brought about some financial uncertainty regarding your readiness for retirement. Before making any sudden changes, it’s important to remain rational and avoid these five big retirement mistakes.
From radio to TV to social media, the how-to lists on managing money and building wealth are a gracious plenty. Some are good and some are less so. Our FIT™ Perspectives Podcast team recently began to work through some of the most notable of these resources to consider how we would re-prioritize the “steps” and further expand upon some very over-simplified guidance. The outcome is the “Financial Action Checklist” (FAC) and it is designed for those who not only desire financial stability but seek pure financial independence.
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