25PC402 - Financial Literacy 1099 Income

For most physicians, leaving the comfort of an employed position (W-2) to pursue an independent contract position (1099) is daunting. With 1099/K-1 income, you can implement many strategies that will allow you to set yourself up for financial independence. During this podcast, you will learn how earning 1099/K-1 income offers you the ability to optimize your retirement contributions, maximize business expenses, and customize insurance policies and investments. As an independent contractor (IC) you can also minimize your taxable income. After all, it’s not about how much money you earn but how much money you keep. The IC model isn’t for everyone, but if done the right way, it can positively impact your annual financial portfolio. 

Moderator:

Colin Mizuo, DPM, FACFAS

Panelists:

Nolan Pendleton, CFP®, MBA

Run time - 39m