Rx Wealth Advisors, LLC

For argument’s sake, let’s assume we are currently in a recession. What has that meant historically for U.S. stock returns? To explore this question, we measured returns during business cycles over the past 50 years.

Investing Through Tough Times | Rx Wealth Advisors Four charts help illustrate why we think sticking with stocks through tough times is still likely the better path forward for investors than jumping in and out of the market.

Many of the early career physicians I speak with are carrying loads of debt. They wonder if they should focus on paying the debt off aggressively or investing now for the future.

You’ve probably seen the retirement calculators that illustrate the importance of investing early to take advantage of market growth and compounding benefits. But debt is psychologically heavy, and interest means your balance could grow at a rate that outpaces minimum payments if you’re not careful.

So what is a physician to do? While there’s no simple answer, here’s what you should consider - https://rxwealthadvisors.com/blog/advice-for-physicians-should-you-prioritize-investing-or-paying-off-debt/?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com

Here comes the sun! Let's dive into the summertime. We wish you all great weather and happy memories.

Retiring soon? Getting the first step wrong inevitably means you’ll go through stages three through five. Get step one right, and it’s a two-step process.

The Five Stages of Retirement (and How to Skip Three of Them) Getting the first step wrong inevitably means you’ll go through stages three through five. Get step one right, and it’s a two-step process.

How to make a good budget is one of the first discussions you should have with your college-bound high school student before they head off for school.

Physicians, 4 Tips To Discuss With Your College-Bound Child | Rx Wealth Advisors   As many physicians send their high school graduates off to college for the first time, there are some things you should chat about. The first week of college is a time of excitement for recent high school graduates. They want to see and do everything without the ball and chain that is their paren...

Here's to the dads, the stepdads, the granddads, the single dads, and all the father figures. Happy Father's Day to you all!

None of us are hardwired to make rational decisions, especially when it comes to money. But a great financial coach will give you the best recommendations based on your situation and help you get through tough decisions and emotions.

3 Surprising Reasons for Doctors to Hire a Financial Advisor | Rx Wealth Advisors By: Chris J Roe, CPA/PFS If someone were to say, “it’s time to hire a financial advisor, how would you respond? Has your answer to this question changed recently in our current environment? Maybe it doesn’t seem necessary. Or, maybe you’d feel overwhelmed at the thought of working with someo...

Your retirement bucket list is no doubt packed with fun stuff, so let’s discuss how to help ensure you don’t get blindsided by things that could be prevented.

Retirees’ Anti-Bucket List: 10 Experiences You Don’t Want Your retirement bucket list is no doubt packed with fun stuff, so let’s discuss how to help ensure you don’t get blindsided by things that could be prevented.

Is the tax burden on your wealth portfolio eating into your returns? When properly structured, life insurance can be a formidable tax planning tool, allowing you to defer or avoid tax on investment earnings and realized capital gains.

Life Insurance: The Underestimated Asset in a Wealthy Family’s Portfolio | Rx Wealth Advisors In a wealthy family’s portfolio, life insurance can play the role of a bond-like investment, potentially offering tax benefits, predictable returns, and a protective barrier against market volatility.

Many people dream of retiring early. And if it's something you're keen on, your best bet is to plan for it extensively. But before you commit to an early retirement, it pays to run through these questions.

Preparing for early retirement? Here are 3 questions to ask before you do. Early retirement may be doable for you, but there may also be a better option.

Heads up! The FAFSA deadline is around the corner. It's time to get those applications in.

Simple and Practical Wealth Building Advice for Physicians

Simple and Practical Wealth Building Advice for Physicians | Rx Wealth Advisors This article may appear to contain only simple advice that everyone already knows. However, it’s this advice that can lead to confident wealth creation. And the reality is, the goal of creating significant wealth has become far too elusive for many physicians. If following this advice is so simple...

If you've been delaying Social Security thus far, at some point, you'll need to gear up to file for benefits. And if the following signs apply to you, consider making that move sooner rather than later.

Been putting off Social Security? 3 signs it's time to apply. There comes a point when waiting doesn't make sense.

If you’re working with a financial advisor, or managing your money all on your own, you want to watch out for a few common pitfalls. At Rx Wealth, we call them the 7 “sins” of investing.

7 Cardinal Sins of Investing - Are You Committing Any of These? | Rx Wealth Advisors By: Chris J. Roe, CPA/PFS Have you ever heard a financial advisor or money manager tell you their investment portfolio beats the market? How about them forecasting where the markets or economy will be in the next year? It happens all the time. But here’s the thing. Great financial advisors do not ...

To the brave souls who served and gave their all, we remember you this Memorial Day.

A Florida judge ruled that a debtor’s IRA was no longer protected from creditors because of the blanket security agreement he signed. Find out what you need to do to make sure the same thing doesn’t happen to you.

Is Your IRA Creditor Protected? | Rx Wealth Advisors In a recent Florida legal case, a debtor’s IRA assets were ruled to be fair game to creditors. Learn why and what you can do to protect your own IRA.

The FIRE movement can help you figure out how to retire while you're young--and have plenty of money to enjoy the things you love.

The Money Secrets of People Who Retire Early The FIRE movement can help you figure out how to retire while you're young—and have plenty of money to enjoy the things you love.

As an independent contract physician, you don’t have to settle for your employer’s benefits offerings – you can choose your own. Having control is just one of the upsides of leaving the employee role. There are plenty more. Read on to learn more.

Benefits of Becoming an Independent Contract Physician | Rx Wealth Advisors As an independent contractor physician, you take on the responsibility of taxes, insurance, and more - but the advantages often make it worthwhile.

A salute to our Armed Forces: Thank you for defending our freedoms and securing our future. Happy Armed Forces Day!

Planning to sell your business or medical practice? Learn the steps you need to take to maximize your business's value, create a successful exit strategy, and navigate the selling process with confidence and ease.

Preparing Your Business or Medical Practice for a Successful Sale | Rx Wealth Advisors Learn the essential steps to prepare your business or medical practice for sale, from planning your exit strategy to assembling a negotiation team.

What will you do when you retire? Learn 15 tips to find purpose in your golden years, enjoy each day, and remain happily retired for life.

Happily Retired: 15 Tips to Enjoy Life After Retirement What will you do when you retire? Learn 15 tips to find purpose in your golden years, enjoy each day, and remain happily retired for life.

Don't leave money on the table when selling your business or medical practice. Discover how proper planning can help you maximize your profits.

Preparing Your Business or Medical Practice for a Successful Sale | Rx Wealth Advisors Learn the essential steps to prepare your business or medical practice for sale, from planning your exit strategy to assembling a negotiation team.

Let's celebrate the love and strength of all moms this Mother's Day. You are all incredible!

While most self-employed or small business tax deductions are complicated, being aware of these basics can help ensure you don't leave any valuable deductions on the table.

As a Self-Employed Physician, Are You Missing Valuable Tax Deductions? Here are 5 Deductions | Rx Wealth Advisors By: Chris J. Roe, CPA/PFS As a self-employed physician, there are a number of valuable tax savings opportunities you may be missing. From conducting business from your home to claiming business travel expenses, here are five 2020 tax deductions to consider. Deduction #1: Home Office One of the most....

Many couples find themselves living a DINK lifestyle--dual income, no kids. What are the benefits and drawbacks? Let's find out.

The DINK Lifestyle: What Is It and Why Do People Choose It? Many couples find themselves living a DINK lifestyle - dual income, no kids. What are the benefits and drawbacks? Let's find out.

The goal of creating significant wealth has become far too elusive for many physicians. In fact, many physicians are among the top earners but have created relatively little wealth.

https://rxwealthadvisors.com/blog/wealth-building-advice-for-physicians?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com

Simple and Practical Wealth Building Advice for Physicians | Rx Wealth Advisors This article may appear to contain only simple advice that everyone already knows. However, it’s this advice that can lead to confident wealth creation. And the reality is, the goal of creating significant wealth has become far too elusive for many physicians. If following this advice is so simple...

Physicians face unique challenges when it comes to building wealth, but new physicians have the opportunity to get a jump start if they heed these tips.

https://rxwealthadvisors.com/blog/new-physician-grow-wealth/?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com

Facing resistance as a POA for aging parents can be challenging. Know your options if it happens to you.

What If You’re POA, But Aging Parents Resist You Doing The Job? Estate planning includes appointing a power of attorney for finances. But when POA action is needed, some aging parents resist. Know your options if it happens to you.