The Art of Medicine with Dr. Andrew Wilner
"The Art of Medicine with Dr. Andrew Wilner" explores the arts, business and clinical aspects of the practice of medicine. Guests range from a CPA who specializes in helping locum tenens physicians file their taxes to a Rabbi who shares secrets about spiritual healing. The site features physician authors such as Debra Blaine, Michael Weisberg, and Tammy Euliano, and many other fascinating guests.
The Art of Medicine with Dr. Andrew Wilner
Saving your 401K with Paul Sippil, CPA
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Many thanks to Paul Sippil, CPA, for joining me on today’s episode of “The Art of Medicine with Dr. Andrew Wilner!” Paul is a CPA with a special interest in retirement planning for physicians. He started his career as an auditor, but soon moved on to work in financial services, which he found more satisfying.
Although he trained as a CPA, today Paul’s practice focuses on optimizing 401(k) and pension plans for medical practices rather than on personal tax questions. Paul identifies himself as a “forensic 401 (k) consultant” or more loosely, a “401 (k) Vigilante.”
During our 30-minute discussion, Paul emphasized that “hidden” fees are often part of 401 (k) retirement plans. To optimize savings, these fees must first be identified and then, potentially, negotiated. We discussed the current absurd fee structure of “assets under management,” which should be avoided. Paul recommended that physicians seek out financial advisors who are “fee for service,” which is definitely sound advice based on discussions with other wealth managers we have had on this program! We also discuss the role of the personal CPA.
To learn more or to contact Paul, please check out his website: https://www.paulsippil.com/ and YouTube channel: at https://www.youtube.com/@paulsippil
Thanks again to Paul Sippil for sharing your expertise on The Art of Medicine with Dr. Andrew Wilner!
@paulsippil #feeforservice #assetsundermanagement #401k #fiduciary
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This production has been made possible in part by support from “The Art of Medicine's” wonderful sponsor, Locumstory.com, a resource where providers can get real, unbiased answers about locum tenens. If you are interested in locum tenens, or considering a new full-time position, please go to Locumstory.com.
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