Should you increase stocks before retirement?

Should you increase stocks before retirement?

Author: Nate Reineke August 28, 2024 Duration: 35:49

Episode Overview:

In this milestone 80th episode of the Physician Family Financial Advisors podcast, Ben Utley and Nate Reineke celebrate their journey before addressing pressing financial questions from their listeners. The discussion covers essential topics such as maximizing health savings accounts (HSAs) under COBRA, best practices for rebalancing taxable accounts, and strategies for managing taxable gains. The hosts also examine college savings options, weighing the advantages and disadvantages of 529 plans versus taxable accounts, along with tips for handling unexpected housing costs. Finally, they discuss the considerations around increasing the stock allocation in a portfolio for those approaching retirement.

 

Key Highlights:

 

1. HSA Contributions Under COBRA:

- Understanding the rules for contributing to HSAs while covered under COBRA insurance and the significance of HSA-eligible plans for tax benefits.

 

2. Rebalancing Taxable Accounts:

- Best practices for how often to rebalance, the tax implications involved, and how to use tolerance bands to maintain your desired asset allocation.

 

3. Optimizing College Savings:

- Key differences between taxable accounts and 529 plans for college savings, and how to address off-campus housing expenses that exceed IRS limits for 529 plan usage.

 

4. Pre-Retirement Stock Increase?:

- Challenging the notion of increasing stock allocation before retirement and exploring strategies like the bond tent approach to help mitigate risk.

 

For more financial advice tailored to physicians and their families, visit www.physicianfamily.com.

 

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.


Finding a clear path through financial planning feels uniquely challenging when your career is in medicine and your heart is at home with family. The Physician Family Finances Podcast exists in that specific, demanding space. Host Nate Reineke, alongside co-host Chelsea Jones, brings their experience as Certified Financial Planner™ professionals directly to conversations with physician parents. They understand the dual pressures of managing a practice, caring for kids, and making smart long-term decisions with your earnings. Each episode moves beyond generic advice to tackle the real questions you face, from navigating student loan strategies and investment options tailored to a physician's timeline to planning for retirement without sacrificing your family's present. This isn't about quick tips; it's about building a sustainable framework that aligns with your values and goals. Tune in for a candid, practical discussion that makes complex topics like tax laws and wealth building accessible, so you can gain confidence and clarity with your finances. The entire podcast is built on the principle that securing your future should feel like an achievable part of your life's work, not an overwhelming distraction from it.
Author: Language: English Episodes: 100

Physician Family Finances Podcast
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