Cash Balance Plans for High-Earning Physicians, Building a System for Lumpy Income, and Trust Provisions for Adult Kids

A high-earning locums anesthesiologist wants to know whether stacking a $200K cash balance plan on top of a maxed solo 401(k) is worth the added complexity. Stephan works through when it makes sense, when it doesn't, and why a taxable brokerage should probably come first.

A plaintiff's attorney whose income swings from $380K to $2.1M year to year, with no plans to retire, wants a real system instead of reacting to the last case. Stephan lays out how to find a "normal year," park a few years of dry powder, and let human capital do the heavy lifting.

A listener building a trust for his adult kids wants to preserve their drive without controlling from the grave. Stephan makes the case for trustee discretion, staggered distributions, and matching provisions over rigid checkboxes.

00:00 Intro
00:42 Q1: Cash balance plans for high earning physicians
06:00 Q2: Building a system for lumpy income
11:49 Q3: Trust provisions for adult kids

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Disclaimer: The information provided in this podcast is for general informational and educational purposes only, and is not intended to constitute financial, investment, or other professional advice. The opinions expressed are those of the hosts and guests and do not necessarily reflect the views of any affiliated organizations. Investing in financial markets involves risk, including the potential loss of principal. Past performance is not indicative of future results. Before making any investment decisions, you should consult with a qualified financial advisor, who can assess your individual financial situation, objectives and risk tolerance. Thanks for listening!