M Advisor Podcast M Advisor

Beginning in 2024, SECURE Act 2.0 will create a path for unused 529 college saving plans to be rolled into Roth IRAs. While this sounds like a great thing, there's a catch -- well, there are a lot of catches. Lots and lots of "red tape" surround this rule. The headline looks great, but how does this work? Learn if this ruling could be beneficial to you.

For more information on this topic, feel welcome to read our article:
https://www.m-advisor.com/blog/unused-529-plans-can-be-rolled-to-roth-iras

457(b) plans are offered at many hospitals around the country. These plans offer an easy way to reduce current earned income and provide another avenue of tax deferred growth; however, 457(b) plans are not retirement plans. Instead, these accounts are classified as salary deferral plans, so they are fundamentally different than retirement plans with their own pros and cons. Learn if 457(b) plans align with your financial goals or inhibit them.

Behavioral finance has been widely acknowledged and accepted by the financial planning community. Here is a brief introduction to one such topic of behavioral finance: Confirmation Bias. Once you understand confirmation bias, you can seek awareness of how you gather information about various topics.

For more information, read Daniel Kahneman's book: "Thinking, Fast and Slow"

How can we prioritize taking care of our kids with our money? Here are three important ways to make sure our kids are financially cared for.

What is an HSA? Many physicians have them available in their benefit packages, but what do they do and how do they work? Find out if an HSA is right for you!

Who takes care of the caretaker? Physicians need to make sure to take care of themselves to be able to provide for their patients and families.