Member Forum

Original Message------

Hi All,

I have a Geriatrics practice for 5 years. However, I am looking at phasing out in next 10 years due to onerous regulations from Medicare. I wanted to set up a retirement account for myself and my employees (4).

What is the best way to do it? How to maximize my savings?

Thanks

Rashmi

This is not quite on topic but I'm wondering if you have considered and have access to joining an ACO.  It has helped somewhat in my community to make dealing with Medicare regulations less onerous.  Getting patients to come for annual wellness visits (and getting reimbursed for alcohol and depression screenings) has helped my practice thrive with 50% Medicare visits.

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Rajesh Soni
Soni Family Medicine
Fountain Hills AZ
480-385-9896
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Original Message:
Sent: 03-28-2018 18:43
From: Rashmi Chhabra
Subject: setting up retirement account

Hi All,

I have a Geriatrics practice for 5 years. However, I am looking at phasing out in next 10 years due to onerous regulations from Medicare. I wanted to set up a retirement account for myself and my employees (4).

What is the best way to do it? How to maximize my savings?

Thanks

Rashmi

Original Message------

This is not quite on topic but I'm wondering if you have considered and have access to joining an ACO.  It has helped somewhat in my community to make dealing with Medicare regulations less onerous.  Getting patients to come for annual wellness visits (and getting reimbursed for alcohol and depression screenings) has helped my practice thrive with 50% Medicare visits.

------------------------------
Rajesh Soni
Soni Family Medicine
Fountain Hills AZ
480-385-9896
------------------------------

Original Message------

Hi 

I am interested in joining an ACO and I am in Arizona. 

Hi all
We paid our accountant to set up a simple IRA with Vanguard:

Choosing a Retirement Plan SIMPLE IRA Plan | Internal Revenue Service


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Jessica Rongitsch, MD, FACP
Capitol Hill Medical
Seattle, WA
98104
------------------------------

Original Message:
Sent: 03-28-2018 18:43
From: Rashmi Chhabra
Subject: setting up retirement account

Hi All,

I have a Geriatrics practice for 5 years. However, I am looking at phasing out in next 10 years due to onerous regulations from Medicare. I wanted to set up a retirement account for myself and my employees (4).

What is the best way to do it? How to maximize my savings?

Thanks

Rashmi

Did a SIMPLE IRA w/ Fidelity (Fidelity only because was easier to figure out how to do on my own vs Vanguard, at least at that time. SIMPLE because best fit how I wanted to contribute to employees accounts vs SEP etc)

Jeff Huotari, M.D.
BlueSky Health
138 W. Highland Rd., Suite 950
Howell, MI 48843
517-545-2400
blueskyhealth.org

Confidentiality Notice: This email message, including any attachments, is for the sole use of the intended recipient or recipients and may contain confidential, privileged, personal health information and/or proprietary information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not an intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message and any attachments.


Original Message------

Hi all
We paid our accountant to set up a simple IRA with Vanguard:

Choosing a Retirement Plan SIMPLE IRA Plan | Internal Revenue Service


------------------------------
Jessica Rongitsch, MD, FACP
Capitol Hill Medical
Seattle, WA
98104
------------------------------

You guys are wonderful to your employees!   I run everything on such a shoe string.  I have  5 hr a week person Billing is outsourced  So I have been  doing a SEP so I can contribute a lot and it lowersmy  awful-anyway taxes     If I live to retire I will have plenty  I have no money now though.. ANy way with a SEp after three yrs of an employee's employment you have to offer them the same percentage you yourself put in Gets expensive Though I pay mine far more than they can  make anywhere else around    With a simple  I forget you can offer less which may be more manageable
Noone has stayed 3 yrs with me as they all need either more hrs or have a full time job as well and it is too much But I just hired back my favorite MA and in three yrs I have to  make some decisions


OFF TOPIC MIKE inNY will get mad at me
 what on earth  do you guys do with all these water bottles ( now sent instead of kool packs which were easier to give  to patientsand kool packs and stytrofoam vaccine containers??   Subtitled Jean hates everythong about vaccines:)

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Jean Antonucci
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Original Message:
Sent: 04-03-2018 07:14
From: Jeff Huotari
Subject: setting up retirement account

Did a SIMPLE IRA w/ Fidelity (Fidelity only because was easier to figure out how to do on my own vs Vanguard, at least at that time. SIMPLE because best fit how I wanted to contribute to employees accounts vs SEP etc)

Jeff Huotari, M.D.
BlueSky Health
138 W. Highland Rd., Suite 950
Howell, MI 48843
517-545-2400
blueskyhealth.org

Confidentiality Notice: This email message, including any attachments, is for the sole use of the intended recipient or recipients and may contain confidential, privileged, personal health information and/or proprietary information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not an intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message and any attachments.


Original Message------

Hi all
We paid our accountant to set up a simple IRA with Vanguard:

Choosing a Retirement Plan SIMPLE IRA Plan | Internal Revenue Service


------------------------------
Jessica Rongitsch, MD, FACP
Capitol Hill Medical
Seattle, WA
98104
------------------------------