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Episodes
Friday Aug 26, 2022
Friday Aug 26, 2022
Have you ever wondered what is 831 b plans are? and how it differs from other plans?
So, we have our guest today who will give an overview of the 831 b plan and its benefits.
Ed Bryan has more than 20 years of sales and operations management experience with a consistent history of leading high-performing sales teams and operational excellence. As Director of Business Development. Ed leads the SRA team in partnering with clients and valued advisors to provide next-level strategies to business owners. He has been a featured speaker at numerous well-known national conventions and industry events in insurance, finance, and long-term planning.
In this episode, Dave talks about…
- What is the 831 B plan all about?
- A little background about Ed Bryan
- Difference between the 831 B plan Vs. 401k
- Why Physician should be aware of this plan?
- What's different about this kind of plan? Can you do it on top of a 401K or a cash balance plan?
- What kind of practice that this would be a good fit for?
- What is the cost of setting up an 831 B plan and maintaining the plan?
- Two limits of this kind of plan?
- What are the policies?
- Does the fee charge include filing a tax return for the entity?
Resources Mentioned:
Website:
Connect with Ed Bryan
Website: http://831b.com
LinkedIn Speaker: https://www.linkedin.com/in/edward-bryan-498a9691/
LinkedIn SRA: https://www.linkedin.com/company/sra-831b/
Vimeo: https://vimeo.com/831b
YouTube: https://www.youtube.com/channel/UC8QJwR1FlAzdAgmC8UYsnWg
Facebook: https://www.facebook.com/SRA831b/
Instagram: https://www.instagram.com/sra_831b/
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Aug 19, 2022
Friday Aug 19, 2022
Investing in self-storage is a smart idea that can provide you with a lot of good benefits and experiences. But, with many different factors involved, it's hard to know where to start and what you need to do before (or after) making an investment.
This is your opportunity to learn as Paul Moore of Wellings Capital will share the do's and don'ts of self-storage that everyone should be aware of.
After a stint at Ford Motor Company, Paul co-founded a staffing firm where he was a two-time finalist for Michigan Entrepreneur of the Year. After selling to a publicly traded firm, Paul began investing in real estate. He founded multiple investment and development companies, appeared on HGTV, and completed over 100 commercial and residential investments and exits.
He has contributed to Fox Business and The Real Estate Guys Radio and is a regular contributor to BiggerPockets, producing live video and blog content. Paul also co-hosted a wealth-building podcast called How to Lose Money and he has been a featured guest on over 200 podcasts. Paul is a three-time real estate author and BiggerPockets recently published his new book called Storing Up Profits - Capitalize on America's Obsession with Stuff by Investing in Self-Storage. Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. Wellings Capital designates a portion of its profits to thwart human trafficking and rescue its victims.
In this episode, Dave and Paul talk about…
- The story about what was Paul's exposure to money and investing as he was growing up?
- How did Paul start investing?
- His opinion about what achieving freedom is? When is someone financially free?
- Benefits of Self storage
- What point do you consider moving on from Self storage?
- How to get into commercial real estate?
- What is the most dangerous time to invest in self-storage?
Resources Mentioned:
Website:
Books:
Storing Up Profits: Capitalize on America's Obsession with STUFF by Investing in Self-Storage
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday Aug 12, 2022
Friday Aug 12, 2022
A financial market is a place where many enter and fail to find their footing.
This episode will teach you how to take advantage of good markets and why you NEED to be an active trader. The market will show you great opportunities if you only know where to look.
In this episode, Dave talks about…
- What is Behavior Gap?
- Know more about the investment return
- What is the difference between the investment return and the investor return?
- Why timing strategy is awesome?
- How to take advantage of good markets?
Resources Mentioned:
Blog:
Contact:
What's My Number? - (612) 284-2409
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Aug 05, 2022
Friday Aug 05, 2022
Are you looking for a substantial tax deduction? If the answer is YES and you're an independent contractor or you're a small practice owner, then this is something you should look into.
In this episode, Dave talks about…
- What are benefit plans?
- The basics of the defined contribution plan versus the defined benefit plan
- Explanation of defined contribution plans
- Can an independent contractor or a small practice own their pension plan?
- What happens if you hire a third-party administrator to help calculate how much you can put in?
- Cons of hiring a third-party administrator
Resources Mentioned:
Contact:
What's My Number? - (612) 284-2409
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Jul 29, 2022
Friday Jul 29, 2022
There are many factors to consider when determining the best time to do Roth conversions. Whether you're considering a Roth conversion to meet your future financial goals or simply want to reduce some of your taxable income, here are new episodes that can help you make an informed decision.
In this Podcast, Dave talks about…
- Why are Roth conversions an excellent thing to do?
- When is the optimal time to do a Roth conversion?
- Reasons you are probably not a good fit to convert the IRA money
- Know more about cases based on the tax brackets
- The difference between pre-tax and Roth
- Why converting pre-tax 401K IRA dollars to Roth IRAs powerful?
Resources Mentioned:
Contact:
What's My Number? - (612) 284-2409
Blogs
The best time to do Roth Conversion
What is the super back door Roth Ira?
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday Jul 22, 2022
Friday Jul 22, 2022
The Super Backdoor Roth IRA is one of the easiest ways to get more money into a Roth IRA. So, if you want to learn more then make sure to check this out!
In this episode, Dave talks about…
- The easy ways to have money grow tax-free and come out tax-free in retirement?
- What is the limit to contributing outright to a Roth IRA?
- What are the defined contribution plans?
- The typical problem in super backdoor Roth IRA
Resources Mentioned:
Contact:
What's My Number? - (612) 284-2409
Website:
What is super backdoor IRA - Blog
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Jul 15, 2022
Friday Jul 15, 2022
The front-door and back-door Roth aren’t new IRA steps you should be familiar with. But they are steps that can save you money, so we’re going to talk about them today.
In this episode, Dave talks about…
- The front door and backdoor Roth IRA
- What is the limit to contributing outright to a Roth IRA?
- Learn more about super backdoor Roth IRA
- Why is super backdoor Roth IRA isn't available everywhere?
Resources Mentioned:
Contact:
What's My Number? - (612) 284-2409
Email:
Website:
Whitecoat Investor: How to report a back-door Roth IRA on Turbotax
The Finance Buff: How to Report a Backdoor Roth IRA on Turbotax
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Jul 08, 2022
Friday Jul 08, 2022
There are many questions to be answered when considering real estate investment.
So, we have our guests today who have a passion for helping people and real estate reach their highest and best use.
Jeremy and Jennifer are serial entrepreneurs, and they understand what it takes to build companies and real estate from the ground up. They are members of multiple masterminds where they surround themselves with high-level entrepreneurs that help them with the tools and network they need to build the life they desire.
In this episode, Dave, Jeremy, and Jennifer Perkins talk about…
- Learn more about Self storage
- Jeremy and Jennifer's journey in Real Estate Investment
- Tips on Physicians on how would you get started today in Self storage
- Jennifer talks about the tax write-off of depreciation
- What defines a real estate professional?
- Story on how they decided to get into self-storage
- Why do they choose self-storage investment?
- How do they define financial freedom?
Resources Mentioned:
Contact:
What's My Number? - (612) 284-2409
Website:
Books:
Rich Dad, Poor Dad books - Robert Kiyosaki books
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Jul 01, 2022
Friday Jul 01, 2022
Investing might sound like a simple concept and it is, but at the same time, it's the hardest thing you'll ever do.
So in today’s episode, I would love to introduce you to someone that can educate us when it comes to investing.
He is someone that started with a corporate career and really kind of converted his mindset from Wall Street assets to real assets. He is the CEO of Match Real Asset Partners. Please welcome Mark Livingston.
In this episode, Dave & Mark Livingston talks about…
- How did Mark set a path towards having an interest in entrepreneurship?
- The lesson he learned from his father when he failed his business
- When did he start investing?
- How did being a CPA influence him to start to look at investments
- When did he start investing in the Wall Street assets and how has that shifted for you over time?
- His journey in Land Business
- What have been the pros and cons of the deal funding for you?
- What is CO2 scrubbing equipment?
- How to bring in other investors into this type of deal?
Resources Mentioned:
Contact:
What's My Number? - (612) 284-2409
Website
freedomformula@matchrealassetpartners.com
Books:
Rich Dad, Poor Dad books - Robert Kiyosaki books
Cash Flow Quadrant - Robert Kiyosaki books
Multiple Streams of Income - Robert G. Allen
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Monday Jun 27, 2022
Monday Jun 27, 2022
If you have ever wondered what I bond is and why it would be a good investment for yourself and your finances, this Podcast should give you the answers.
In this episode, Dave discusses...
- What is an iBond?
- What are the major cons and pros of this kind of investment?
- How long does an iBond earn interest?
- What is the term for an iBond?
- Why it’s important to monitor the amount and the bond numbers?
Resources Mentioned:
Contact: 612-284-2409
Website:
Learn more about Ibonds: Treasury Direct
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »