What should I be thinking about now to protect myself financially if health care coverage in the country is reformed?
There appears to be an unprecedented change coming in the healthcare community, and like the legal community which is going through a similar secular change, you should be aware of the changes. Some of the things you can do include maxing out your contribution to employer or self employed retirement plans, funding your own retirement plan outside that of your employer, researching your benefits and augmenting them or replacing them with benefits you have directly purchased that are portable. Also, during these times, it would be advisable to save more and spend less. And of course, keep your skills up to date and be aware of any opportunities that might come your way.
As a self employed professional, do I have special savings opportunities?
Self employed individuals or professionals running small offices have a number of alternatives open to them. Most important is the ability to set up qualified and non-qualified retirement plans which often allow them to make large tax-deductible contributions to retirement plans. These can be very complex to set up, and I suggest that you see me to investigate such opportunities.




