Self-Directed IRA for Real Estate: A Comprehensive Guide to Benefits, Steps, and Risks

Key Takeaways Think of a self-directed IRA for real estate as a way to invest your retirement funds in the form of real estate — homes, land, etc. This account type provides greater flexibility in what you can invest in, as opposed to normal IRAs which are limited to stocks or bonds. Many choose this […]

Essential Asset Protection Tips for Physicians

Key Takeaways Asset protection for physicians refers to measures to safeguard personal and professional assets from potential claims, lawsuits, or other liabilities associated with medical practice. Physicians can be susceptible to legal claims, malpractice suits, or debt, so explicit planning is essential. Trusts, insurance, and business structures provide additional layers of protection. Knowing the fundamentals […]

The Solo 401(k) Plan: A Wealth-Building Tool for High-Income Doctors

Key Takeaways Solo 401(k) for high income doctors is a retirement plan that allows self-employed doctors or those with side practices to save more money toward their retirement. This plan offers higher contribution limits than most plans, which allows physicians to reduce taxes and accumulate wealth more quickly. Solo 401(k)s provide flexible investing options and […]

Private Equity and Physician Practices: Navigating the New Landscape

Key Takeaways Private equity investing for doctors refers to doctors investing some of their funds into private companies, typically not publicly traded. Many doctors pursue these investments for the opportunity to build wealth beyond their standard paycheck. Private equity can provide greater returns, but it typically involves more risk and less control over the funds. […]

Private Equity and Physician Practices: Navigating the New Landscape

Key Takeaways Private equity investing for doctors refers to doctors investing some of their funds into private companies, typically not publicly traded. Many doctors pursue these investments for the opportunity to build wealth beyond their standard paycheck. Private equity can provide greater returns, but it typically involves more risk and less control over the funds. […]

Rules Explained: Definition, Eligible Properties & Timelines

Key Takeaways 1031 exchange rules explained. The tax code that lets you defer capital gains when like-kind real estate is swapped. The rules impose hard deadlines: 45 days to identify replacement property and 180 days to close. Eligible property needs to be investment or commercial real estate, not principal residences. You’ll need Form 8824 and […]

Cost Segregation for Real Estate Investors: What It Is, How It Works, and When to Use It

Key Takeaways Cost segregation is a tax strategy that breaks down assets to speed depreciation and reduce your taxable bill right now. It separates out a building into components such as fixtures, wiring, and landscaping, with shorter depreciable lives. Research indicates that owners can recoup thousands to millions in accelerated deductions based on property value […]