Mike Scully - Managing Director illustrates the Endless Money Loops impact on Dr. Quinn.
Happy Healthcare Friday:
Tired of seeing half your paycheck vanish in taxes? 💸 Meet our favorite orthopedic surgeon Dr. Quinn. Earning a $1.2 M salary and paying 50% in taxes every year she defers $400K of her pay into a corporate-owned life insurance policy (Endless Money Loop), she sees the following:
• Saves $200K in taxes up front
• Gets access to $240K (60% of her premium) tax-free after 90 days
• Turns her $600K net income into $640K—basically a $40K raise with zero extra cost to her employer
• Helps her health system replace a $400K expense with a $400K long-term asset
• 5-year commitment will return $2M tax-free back to the healthcare system in 15 years
It’s a true win–win: Dr. Quinn boosts her take-home pay, and the hospital builds future wealth.
#PhysicianFinance #TaxStrategy #DeferredCompensation #LifeInsurance #EndlessMoneyLoop
For a free consultation – mscully@baycresconsultants.com
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