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/
🔔 Subscribe for more tips and strategies tailored for healthcare professionals!
The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.
#locumtenens #TaxDeductions #PhysicianFinance #TaxTips #medicalprofessionals
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/
🔔 Subscribe for more tips and strategies tailored for healthcare professionals!
The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.
#locumtenens #TaxDeductions #PhysicianFinance #TaxTips #medicalprofessionals
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