Maximize Your Locum Income: Retirement Strategies for S Corps & LLCs

04/10/2024 6 min Temporada 1 Episodio 8

Listen "Maximize Your Locum Income: Retirement Strategies for S Corps & LLCs"

Episode Synopsis

Maximize Your Retirement Savings as a Locum Tenens Professional



In this episode of the Locum CPA podcast, Certified Public Accountant Stephen Lee explains how locum tenens physicians, nurse practitioners, and other healthcare providers working as independent contractors can save up to $30,000 or more in taxes. Key retirement savings options discussed include SEP IRAs, solo 401ks, and traditional and Roth IRAs. Discover the contribution limits, tax benefits, and setup processes tailored specifically for locum tenens professionals. Don't miss out on these powerful tax-saving strategies. Remember to like, subscribe, and tune in for more essential financial advice for your locum practice.



00:00 Maximize Your Retirement Savings

00:13 Introduction to Locum CPA Podcast

00:34 Retirement Account Options for Locum Tenens Professionals

01:02 Understanding SEP IRA

03:13 Exploring Solo 401k

04:15 Traditional and Roth IRA Options

05:20 Choosing the Right Retirement Plan

05:43 Conclusion and Final Tips



How to Start and Operate Your Locums Practice:
https://thelocumcpa.com/free-ebook/



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#locumtenens #TaxDeductions #PhysicianFinance #TaxTips #medicalprofessionals

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