Dr. Singh immediately remembered his retirement accounts. Every single year like clockwork he would make his annual contributions. Maxing his annual contributions to qualify for the largest tax credit that he could gain.
He rarely ever heard from his financial planner as long as he never moved or touched the money he religiously placed in the brokerage accounts.
Today was going to be different... after all, it was...
Immediately he scrolled through his phone book on his car screen and called his financial advisor.
After a round of pleasantries ... the advisor told him that the money could only be used for specific investments. To Dr. Singh's shock, each one of those investments was either pre-determined mutual funds or different stock holdings.
So the only option that he was presented was with to withdraw part or all of his money by borrowing against his retirement account. But if he did that he'd have to pay Uncle Sam a larger Tax Penalty Check. And that was the last thing he wanted to do .. since he wasn't sure if or when the hospital network would bring him back.
Luckily for Dr. Singh, he called his CPA to verify what he was told by his Financial Advisor.
And sure enough, it was true.
But Dr. Singh was still in luck. Because his CPA gave Dr. Singh my number to call next. His CPA let him know that our firm has helped Retired Executives, Entertainers, Athletes, and Physicians like him who were in similar predicaments wanting to grow wealth outside of traditional means like the stock market.