You may be asking, "How in the world can you make recommendations and know what is best for someone?" The simple answer is that you can't, unless you know your client. This is why the relationship is so important in the financial planning process. We want to know who you are and more than just what you want, we need to know how you make decisions, your weaknesses, strengths, personality flaws, etc. The better we know you as your financial planner, the more we can help you.
What impact would you like to make in your world?
We are in the business of helping physicians and dentists reduce financial stress so that they are free to pursue the things that bring them joy.
529 plans have traditionally been about the future. While using them in the present is now possible, it limits the plan's inherent tax benefits and you may be unwinding what you prepared for college. With college tuition rising on an annual basis, we cannot afford to let the use of a 529 plan in the present replace what it was initially designed to do.
On December 20th, congress passed The Tax Cuts and Jobs Act. It is an extensive bill with many parts, the effects of which are still being measured. But for those of you preparing 2017 taxes and looking ahead to 2018, we want to offer some insight into what the bill means for high-income earners.
