Program Advantage and Benefits
Like most people in high marginal tax brackets, physicians are interested in sheltering current income from state and federal taxes beyond the limits and restrictions of 401(k) and pension plans. However, private practices typically do business as S Corporations, LLC’s or Partnerships, which are flow-through type tax entities. In such entities, practice income is taxable at the physician’s individual tax-rate. Therefore, executive benefit plans are not traditionally suited for private practice groups. With the Physicians’ Advantage Plan™, your hospital is taking the initiative to change tradition.
Ability to defer current state and federal income taxes and invest on a pre-tax basis
Flexible distribution options (minimum three-year deferral period)
Distribution elections made annually
Distributions may be taken as a lump sum or spread over a period of year
Distributions may be linked to specific life events such as college education funding or retirement planning
There are no administrative costs for physicians
Download the plan abstract and program flyer to learn more
Representatives from MaxWorth will be on-site conducing information and enrollment meetings the week of (fill in blank). To scheduled your 30-minute meeting, please complete the form below.