Finance & Enjoyment Blog
January 12, 2012Physician Retirement and Exit Strategies
Category: Retirement and Exit Strategies
A quick Google search on “retirement and exit strategies physicians” gave me 357,000 hits. I did the same search on Yahoo and got 30,500,000 hits. While I did not look at all of these, I did scan a few pages of hits and found two words showed up quite a bit. These two words were “solo” and “group.” When I first was asked to write about this topic, I was thinking more along the lines of the 60+ year old physician looking for a lighter schedule for a year or two while the patients are transitioned to another physician …
Read The Rest of This PostFebruary 17, 2010Roth IRA Conversions
Category: Your Financial House, Retirement and Exit Strategies
Roth IRA’s (named after Representative Roth who was chairman of the House Ways and Means committee at the time) have been in existence since 1998. They are only available to individuals with earned income and adjusted gross incomes below established levels. Roth IRA’s are advantageous because: Virtually all future income, growth and withdrawals are tax-free You are not required to take distributions after age 70 1/2, as you are with traditional IRA’s Taxpayers with adjusted gross incomes below $100,000 have been permitted to convert traditional IRA& …
Read The Rest of This PostFebruary 11, 2010Prepare for the RAC Attack
Category: Successful Practice Management, Retirement and Exit Strategies
RAC Audits Are Coming! Have a sample of your claims reviewed by an outside coding expert. Be sure your compliance manual is up to date. Look for your most frequently used and highest dollar claims, and be sure coding is accurate. These will be among the first areas of RAC examination. Monitor the RAC’s Web site for the items at the center of their attention, and scrutinize your practice for all that apply. CMS requires that RACs inform the public of specific areas of interest. Connolly’s Web site is: www.connollyhealthcare.c …
Read The Rest of This Post
