Will the government take 85% of your retirement savings?

Article Abstract:

Many physicians contribute to qualified retirement plans (QRP), such as 401(k) plans, individual retirement accounts, and profit-sharing plans, but taxes could ultimately strip QRP savings of 85% of their value. That is due in part to eight federal tax-law changes enacted since 1980. Distributions exceeding $151,550, as of 1995, are subject to a 15% excise tax. The other taxes to which QRP savings are subject are discussed.

Qualified benefit plans

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Tax strategies for '90s: retirement funds, incorporation among options for physicians

Article Abstract:

Accountants with special expertise in physicians' financial affairs offer tips on saving tax dollars. For instance, physicians can make tax-free retirement fund investments of up to 25% of their incomes. An administrator should be hired to handle these funds. Also, business expenses for an incorporated practice must be separated from the physician's expenses. Differences between C and S corporations are explained.

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Will your next telephone be a computer?

Article Abstract:

The technology called IP telephony in which all voice phone calls and data transmissions including access to the Internet or connections to internal applications travel over a single network, is discussed. The IP telephony keeps physicians connected as a central controller manages all phones at any location and physicians can log into a phone at any facility to receive calls and check voice mail.

United States, Management dynamics, Analysis, Practice, Cable telephony, IP telephony, Internet telephony

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