Should you increase stocks before retirement?

Physician Family Finances Podcast; Personal Finance for Doctors with Children

Episode Overview:

In this milestone 80th episode of the Physician Family Financial Advisors podcast, Ben Utley and Nate Reineke celebrate their journey before addressing pressing financial questions from their listeners. The discussion covers essential topics such as maximizing health savings accounts (HSAs) under COBRA, best practices for rebalancing taxable accounts, and strategies for managing taxable gains. The hosts also examine college savings options, weighing the advantages and disadvantages of 529 plans versus taxable accounts, along with tips for handling unexpected housing costs. Finally, they discuss the considerations around increasing the stock allocation in a portfolio for those approaching retirement.

Key Highlights:

1. HSA Contributions Under COBRA:

- Understanding the rules for contributing to HSAs while covered under COBRA insurance and the significance of HSA-eligible plans for tax benefits.

2. Rebalancing Taxable Accounts:

- Best practices for how often to rebalance, the tax implications involved, and how to use tolerance bands to maintain your desired asset allocation.

3. Optimizing College Savings:

- Key differences between taxable accounts and 529 plans for college savings, and how to address off-campus housing expenses that exceed IRS limits for 529 plan usage.

4. Pre-Retirement Stock Increase?:

- Challenging the notion of increasing stock allocation before retirement and exploring strategies like the bond tent approach to help mitigate risk.

For more financial advice tailored to physicians and their families, visit www.physicianfamily.com.

ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?

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