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Are adjustable rate mortgages right for you?
Manage episode 438116255 series 2950605
Вміст надано W. Ben Utley and Nate Reineke, W. Ben Utley, and Nate Reineke. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією W. Ben Utley and Nate Reineke, W. Ben Utley, and Nate Reineke або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
In this episode, Nate and Ben explore essential financial topics for physician families, including the management of inherited assets and considerations for insurance coverage. The conversation also touches on investment strategies and mortgage options relevant in today's climate.
Key Points:
- Consolidating Inherited Accounts: Consolidation of inherited IRAs and retirement plans can lead to simplified management and easier calculations for required minimum distributions (RMDs).
- Disability Insurance Considerations: Advisors recommend a careful assessment of the need for disability insurance, particularly as one approaches retirement. Canceling such policies should be done cautiously.
- Investment Strategy Awareness: The risks of engaging in new investment strategies—especially those focused on tax loss harvesting—are discussed. The hosts caution against solutions that generate losses rather than genuine growth.
- Managing Inherited Stocks: Holding onto inherited single stocks might carry sentimental value, but diversification is essential for long-term financial health. A stepped-up basis allows for potential tax advantages when selling inherited stocks.
- Adjustable Rate Mortgages (ARMs): The hosts explain ARMs as a viable option for home financing, highlighting their benefits in specific situations, particularly for those who do not plan to stay in their homes long-term.
- Impact of Financial Decisions: The importance of aligning financial strategies with long-term goals is emphasized, particularly for high-income professionals like physicians navigating their unique challenges.
Additional Resources:
Visit www.physicianfamily.com for more information on personalized financial planning and to schedule a consultation.
Disclaimer: This content is for informational purposes only and is not intended as financial advice.
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
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