Trump Accounts: Useful, But Not Always the Best Default Trump accounts may be worth opening if your child qualifies for the $1,000 federal seed contribution. They may also become useful when a true employer makes a properly structured contribution for an employee’s child. But for many physician and CRNA households, especially those operating through an S-corporation, the bigger question is simpler: If the money is just coming from the parents after tax, is a Trump account act

One surprisingly annoying part of using a Fidelity Solo 401(k) is figuring out how to actually move money from your business checking account into the plan. Fidelity lists several contribution methods for its Self-Employed 401(k), including EFT from a bank, transfer from another Fidelity account, mobile check deposit, bank wire, bill pay from a non-Fidelity account, and direct deposit. Fidelity also supports mailing a check with a 401(k) contribution remittance form, but tha

Disclosure / Disclaimer (Educational Only): This article and the embedded calculator are for educational purposes only and are not individualized financial, investment, tax, or legal advice. Assumptions may not apply to your situation. Markets are volatile. Tax laws change. Student loan terms vary. Consult your CPA and/or financial professional before acting. The attending physician dilemma A lot of attendings step into their first “real paycheck” carrying a debt load that ca

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As an independent physician or CRNA, you may wonder whether incorporating as an S-corporation (S-corp) is the best option for your tax and financial planning. The decision isn’t as straightforward as it might seem, and understanding the nuances is critical to avoid unexpected tax burdens. This guide will break down the key factors to consider and provide examples to help you make an informed decision. Update 05/27/2026 - here is an interactive breakeven calculator: Common Mis

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As a millennial, born right in the heart of my generation, I found myself navigating the post-college landscape during the peak of the...