Alexis E. Gallati is the founder and Lead Tax Strategist at Cerebral Tax Advisors and Cerebral Wealth Academy, and she’s the author of the book Advanced Tax Planning for Medical Professionals. She has over 20 years of experience in high-level strategic tax planning and multi-state tax preparation, and she has trained at the highest level, holding two master’s degrees. Alexis grew up in a family of physicians and is married to a private practice physician. That’s why she understands how hard medical professionals work to get where they are and why she provides simple and accessible tax solutions tailored to busy physicians.
An awesome retirement is everyone’s dream. Planning for that awesome retirement? Not so much, at least for some. It’s hard to predict the future, and there’s so much choice available for you. My guest today, a returning guest, helps her clients work through their choices, and she’ll help us get started.
Alexis E. Gallati is the founder and Lead Tax Strategist at Cerebral Tax Advisors and Cerebral Wealth Academy, and she’s the author of the book Advanced Tax Planning for Medical Professionals. She has over 20 years of experience in high-level strategic tax planning and multi-state tax preparation, and she has trained at the highest level, holding two master’s degrees. Alexis grew up in a family of physicians and is married to a private practice physician. That’s why she understands how hard medical professionals work to get where they are and why she provides simple and accessible tax solutions tailored to busy physicians.
In this episode Carl White and Alexis Gallati discuss:
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Connect with Alexis Gallati
Resources from Cerebral Tax Advisors: https://www.cerebraltaxadvisors.com/practicecare/
Cerebral Tax Advisors Facebook: https://www.facebook.com/cerebraltax
Cerebral Wealth Academy Facebook: https://www.facebook.com/cerebralwealthacademy YouTube: https://www.youtube.com/@cerebralwealthacademy
Personal LinkedIn: https://www.linkedin.com/in/alexis-gallati/
Connect with Carl White
Website: http://www.marketvisorygroup.com
Email: whitec@marketvisorygroup.com
Facebook: https://www.facebook.com/marketvisorygroup
YouTube: https://www.youtube.com/channel/UCD9BLCu_i2ezBj1ktUHVmig
LinkedIn: http://www.linkedin.com/in/healthcaremktg
00:00 Introduction to PracticeCare with Carl White
01:25 Guest Introduction: Alexis Galati
02:43 Alexis Galati's Background and Expertise
05:35 Understanding Retirement Plan Contributions
12:53 Popular Retirement Plan Options
21:35 Understanding Pro Rata Rules
22:56 Navigating SEP IRA and 401k Transfers
23:27 Exploring Cash Balance Plans
24:02 Defined Benefit Plans and Contributions
25:55 Managing Cash Balance Plans with Employees
32:10 Mega Backdoor Roth Strategy
34:57 Retirement Planning Strategies
39:14 Final Thoughts and Practical Advice