by Financial Designs | Apr 15, 2021 | Asset Protection, Blog, Investment, Residents
By Ryan Johnson Fiduciary. This word has been around for a long time, but it’s still not clear to many what it actually means. A fiduciary is someone who acts in the best interest of another person. Being a fiduciary is about loyalty, honesty and trust. Sounds simple,...
by Financial Designs | Jan 4, 2021 | Asset Protection, Blog, Insurance, Investment, Residents, Tax
By Terry Westlund, Co-founder of Financial Designs With the new year, many of you have made or thought about making resolutions. There is probably another sub-set of readers who might have pushed that to the bottom of the proverbial “to-do” list. According to Forbes,...
by Financial Designs | Oct 27, 2020 | Blog, Residents, Tax
By Chris McQueen, CPA As an independent contractor, you are obligated to submit quarterly tax estimates. Although the phrase “quarterly estimate” can make many feel anxious, this process doesn’t have to be complicated or overwhelming. Here is what you need to know: 1)...
by Financial Designs | Oct 9, 2020 | Blog, Insurance
By Terry Westlund Health insurance is complicated. Annual open enrollment can cause anxiety and confusion as you select a plan that’s best for your situation. See below for our top tips when selecting health insurance coverage. 1) Know the Lingo Having the...
by Financial Designs | Jun 22, 2020 | Blog, Investment
By Ryan Johnson “There is simply no telling how far stocks can fall in a short period… your mind may well become rattled by scary headlines and breathless commentary. And an unsettled mind will not make good decisions.” – Warren Buffett, Berkshire Hathway 2017...
by Financial Designs | May 20, 2020 | Blog, Tax
By Terry Westlund, ChFC Note: This post was updated to reflect 2025 numbers. Remember the big hub-bub about tax reform at the end of 2017? The new rules included a significant change that benefited many independent contractor physicians (those with 1099 income). If...
