Is There a Doctor in the House?

9th Apr 2018

woman talking to doctor on ipad

As our country looks for cost-effective healthcare solutions, telephone consultations with doctors are growing in popularity in the U.S.  TelaDoc, one of the largest startups offering these services, contracts with several thousand independent medical practitioners who work from their home offices.

Last month, an Ameriprise financial advisor introduced us to a doctor in Missouri, age 43, who set up an S-corp. for his telephone practice and pays himself $140,000 in W-2.  We designed a Defined Benefit retirement plan to which this physician will contribute $135,000 each year, 100% tax-deductible!

Are you a physician or medical professional who is looking for a small business retirement plan? As a doctor, a defined benefit plan may hold great appeal to you as an independent contractor or self-employed business owner because you can contribute and deduct more than other retirement programs. Many business owners will notice how impressively large benefits can be accrued quickly.

 

Dedicated DB@ DedicatedDB

May 17 is Tax Day. Here’s how to file an extension via @CNBC #taxes #taxextension #taxdeadline https://t.co/QRpsVxfNag

7:02 PM 17 May 2021

Dedicated DB@ DedicatedDB

This black mom entrepreneur is paving the way for other women-led companies via @forbes #entpreneuershiphttps://t.co/K4cBhjfs5q

5:01 PM 17 May 2021

Dedicated DB@ DedicatedDB

Learn how a 52-year-old real estate agent will save $80,000 in taxes and accumulate up to $1.8 million in retiremen… https://t.co/GG5iRkcqFA

3:41 PM 17 May 2021

Dedicated DB@ DedicatedDB

CPAs and Advisors: Here’s how to set your clients up for success with the American Recovery Plan via… https://t.co/6R405OmeH7

1:00 AM 17 May 2021

Dedicated DB@ DedicatedDB

Are you a high-income, small business owner and need tax savings? See how much you can save with our do-it-yourself… https://t.co/qY3tliyD2u

9:13 PM 14 May 2021

Dedicated DB@ DedicatedDB

The IRS has $1.3 billion in tax refund money that must be claimed by Monday via @kiplinger #taxrefund #IRS #taxes https://t.co/o6ZsVQrNwQ

7:45 PM 14 May 2021

Estimate contribution and deduction with our DB calculator Try it now