Client of the Week

This Week

Surgeon Cuts New Career Path

A 69-year-old orthopedic surgeon in Texas enjoyed his job in sport medicine, but wanted to reduce his work schedule. Suitably, he transitioned out of his full-time hospital role as an employee and became a part-time independent contractor. Because he now receives a 1099 as a sole proprietor, he was able to open a Defined Benefit plan. This doctor’s Schedule C income is over $400,000, and he wants to contribute $300,000 to the DB plan + Solo 401(k) – a combo plan design – for the next four years until he fully retires.

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