As we enter the second half of the year we’ll have the opportunity to focus on the causes and communities that matter most. Whether it’s supporting local food banks, community foundations, or religious organizations, your generosity can leave a lasting impact. Morgan Housel has said, “of all the...
Since 1993, Physician Wealth Advisors (PWA) has helped Utah physician families meet their financial goals and protect their financial security by providing personalized financial education and advice. As salaried Certified Financial Planners®, our advisors work from a fiduciary standard and act in...
Politics are inevitably going to be top of mind in the coming weeks – especially in the current environment of intense partisan rancor. But investors are best served by focusing on the fundamentals.
We recommend investors ignore any short-term volatility around the U.S. election cycle. A resilient U...
In life's unpredictable journey, financial stability serves as a sturdy anchor during turbulent times. This month’s article offers a gentle reminder about a fundamental aspect of financial preparedness: the Emergency Fund.
Life often throws unexpected curveballs our way - from sudden medical...
Compounding is often hailed as one of the most powerful forces in the world. Legend has it Albert Einstein referred to it as the “eighth wonder.” While it might sound complex, the concept is elegantly simple: the seemingly small decisions we make everyday gain power over time. This is especially...
Education is a powerful investment in the future, and your commitment to securing a bright academic future for your loved ones is commendable. We, like you, value education and are incredibly grateful for the vehicles available to us that enable tax-advantaged college savings. 529 investments grow...
If you made any purchases over the past year, it comes as no surprise to learn that U.S. consumers have struggled with inflation since 2022. As a result, living costs have been persistently high and left many physicians with feelings of no end in sight.
However, this year inflation has managed to...
There has been much discussion in the news recently about new highs in stock indices like the Dow Jones Industrial Average and the S&P 500. Markets, by nature, do fluctuate on a consistent basis and as such it is always important to be aware of one’s strategic allocation and rebalancing process...
Created as a result of the Great Depression, The Social Security Act was signed into law by President Roosevelt in 1935; mainly due to the rise in poverty of the nation’s elderly population. The act was designed to provide retired workers ages 65 and older with a continuing income after retirement...
Have you ever wondered exactly what those initials after a financial professional’s name mean? You’re definitely not alone. The easy way to tell is to visit the Financial Industry Regulatory Authority, which provides a list of professional designations and what they mean. Below, we’ve created a...
Donating money to our favorite charitable organization is a year-end ritual for many of us. While monthly giving has gained in popularity in recent years, most of us still tend to open up our wallets just a bit wider at the end of the year.
But what about the organization that we’re giving to? What...
With more than 95% of American workers currently covered by Social Security, there are some things about this massive retirement program that you should probably know. If you’re still in your forties or fifties, you can probably wait a few years to learn the intricacies of Social Security, but if...
While many of us actively plan for retirement, only a small fraction of American workers actively plan for the possibility of becoming disabled. Before you decline to purchase a short-term or long-term disability plan, consider some of these facts:
- More than 375,000 Americans become totally...
The rising popularity of robo-advisors has some in the industry wondering whether this is the beginning of the end for financial advisors.
In reality, robo-advisors have been able to do something that traditional financial advisors have not; get those with limited resources to begin creating a...
Accepting one’s own mortality is a tough pill to swallow. As such, estate planning can be a morbid topic that lingers in the background of our lives ominously. Nobody wants to plan for their own death! However, the repercussions your family will face are dire if you delay preparing for the...
For years it was assumed that tax planning was reserved for the wealthy. While wealthy individuals will see the most benefit from tax planning, with big changes looming for the 2018 tax year, even middle-income earners can reap the benefits of tax planning.
Basic tax planning starts with your AGI...