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
Podcast Episodes
Physician forever home mortgage, why not pay points? [not-audio_url] [/not-audio_url]

Duration: 32:28
Episode Summary: In this episode Nate Reineke and Ben Utley discuss the nuances of mortgage options for physicians, specifically focusing on the decision to pay points. The hosts explore the implications of mortgage rate…
Physicians ask, "What if Trump…?" [not-audio_url] [/not-audio_url]

Duration: 28:09
Episode Summary: In this episode, Nate Reineke and Ben Utley discuss the potential financial implications for physicians in light of recent political changes, particularly focusing on the questions surrounding government…
What Physicians Should Think About Funding Their 529 plan [not-audio_url] [/not-audio_url]

Duration: 26:45
Episode Summary: In this episode, Nate Reineke and Ben Utley discuss important considerations for physicians when funding their 529 plans. The hosts share insights from personal experiences, highlight the significance of…
Turning Quarterly Physician Bonuses Into Monthly Savings [not-audio_url] [/not-audio_url]

Duration: 18:02
Episode Summary: In this episode, Nate Reineke and Ben Utley explore strategies for turning quarterly physician bonuses into effective monthly savings. They share insights into managing unexpected income and address list…
What is the best college savings goal for doctors ? [not-audio_url] [/not-audio_url]

Duration: 34:51
Episode Summary: In this episode, Nate Reineke and Ben Utley explore the best college savings goals for doctors. They discuss strategies for saving effectively for education expenses and address listener questions about…
Can Donor Advised Funds Cut Doctors Taxes Twice ? [not-audio_url] [/not-audio_url]

Duration: 46:20
Summary: In this episode, Nate Reineke and Ben Utley explore how donor advised funds (DAFs) can provide significant tax benefits for physicians. They return from their holiday break to answer important listener questions…
What will the biggest physician financial question be for 2025 [not-audio_url] [/not-audio_url]

Duration: 25:22
Episode Summary: In this episode, Nate Reineke and Ben Utley explore what the biggest physician financial question will be for 2025. They kick off the new year by addressing listener questions about financial planning st…
Cracking The Purpose Code with Jordan Grumet MD [not-audio_url] [/not-audio_url]

Duration: 37:13
Episode Summary: Join Nate Reineke and Ben Utley as they welcome Jordan Grumet, also known as Doc G, author of The Purpose Code and host of the Earn and Invest podcast. They discuss the vital connection between purpose a…
Interest Rates: What doctors need to know now [not-audio_url] [/not-audio_url]

Duration: 31:20
Episode Overview: In this episode, Ben Utley and Nate Reineke address the important topic of interest rates and how they might affect your financial decisions as a healthcare professional. They explore the potential impa…
How Much Crypto Should Doctors Own? [not-audio_url] [/not-audio_url]

Duration: 21:26
Episode Overview: In this episode, Ben Utley and Nate Reineke tackle the question of how much cryptocurrency is appropriate for doctors to own. They cover important considerations, such as the lack of inherent value in c…