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Syed Nishat, BFA

Syed Nishat is a partner, Wall Street Alliance Group. He can be reached on LinkedIn and on Twitter @syedmnishat. 

He holds the FINRA Series 7, FINRA Series 63, and FINRA Series 66 licenses, along with licenses for life, disability, and long-term care insurance. Syed holds a bachelor’s degree from the University of Nevada, Reno, and has been awarded the Behavioral Financial Advisor (BFA) designation. 

Syed’s articles and interviews about asset protection and common financial mistakes by physicians were published in Medscape, Medical Economics, and MedPage Today. He is the author of "8 Mistakes to Avoid When Administering a 401(k) Plan" and "SECURE Act 2.0 Could Be a Game Changer for Retirement Planning."

Syed also specializes in ERISA 401(k)s and defined benefit plans and his publications and quotes are in Forbes, USNews, PLANSPONSOR, 401(k) Specialist, and BenefitsPRO.

For disclosures, please visit www.wallstreetalliancegroup.com.

Tax planning tips for physicians

Syed Nishat, BFA & The Podcast by KevinMD
Sponsored
March 7, 2022
YouTube video

This article is sponsored by Wall Street Alliance Group, specializing in physician financial planning.

Often, physicians only give minimal attention to their financial futures, but potential federal changes could make tax planning even more important. The proposed infrastructure …

Read more…

Tax planning tips for physicians

Estate planning and asset protection challenges and strategies for single physicians

Syed Nishat, BFA
Finance
February 16, 2022

While chatting with a physician client of mine recently, an important topic came up that she hadn’t really asked about previously. My client is in her late 40s and is currently single with no plans of getting married. She’s the only child of her aged parents, and after working as a physician for over 15 years, she has become financially successful enough to slow her career down a bit. Her …

Read more…

Estate planning and asset protection challenges and strategies for single physicians

12 year-end tax planning tips for physicians

Syed Nishat, BFA
Finance
December 14, 2021

As another autumn pulls the pages off the 2021 calendar, it’s already time to start planning for the end of the year. The days get shorter but often busier as the weather cools down. This can be a vital time when preparing for taxes, and it’s good to know what the best savings strategies are for you to implement now, which will put you in a good spot for your …

Read more…

12 year-end tax planning tips for physicians

SLAT: An important estate planning strategy for physicians to lower President Biden’s estate tax

Syed Nishat, BFA
Finance
August 30, 2021

For married physicians looking into estate planning strategies, one thing to keep in mind is how to make best use of spousal benefits in reducing taxes or providing for a surviving spouse or other beneficiaries. For wealthy physicians, a spousal lifetime access trust, or SLAT, may provide a viable vehicle for avoiding estate taxes for both spouses and protecting assets from creditors while at the same time providing distributions that …

Read more…

SLAT: An important estate planning strategy for physicians to lower President Biden’s estate tax

Why physicians should use a nondeductible IRA

Syed Nishat, BFA
Finance
May 15, 2021

High earners such as physicians often focus on pre-tax contribution and may overlook some of the advantages in contributing to a nondeductible IRA account.

The basic premise of contributions made into a traditional IRA is that those contributions are pre-tax dollars, meaning the investor will pay taxes when the funds are withdrawn from the account at a later date. On the other hand, Roth IRA accounts are funded with post-tax money; …

Read more…

Why physicians should use a nondeductible IRA

8 estate planning mistakes for physicians to avoid

Syed Nishat, BFA
Finance
April 15, 2021

When I sat down to write this article, my thoughts immediately went to the tragic loss of one of my best clients, a physician who recently passed away after battling COVID-19. I remember him not only as an excellent physician but even more so as a great person.

Unlike many physicians I speak to in the course of my work, this client had the foresight to do some careful estate planning. …

Read more…

8 estate planning mistakes for physicians to avoid

12 tax deductions physicians overlook

Syed Nishat, BFA
Finance
April 11, 2021

Recently, I was talking on the phone to a physician client of mine about the COVID-19 vaccine and how thrilled I was that everyone over the age of 30 is now eligible in New York, which meant I could now schedule my own appointment.

We discussed the current market, and just when I was about to end the call by wishing him a happy National Doctor’s Day, his younger son, who …

Read more…

12 tax deductions physicians overlook

Cost segregation: an underutilized strategy for physicians who own real estate

Syed Nishat, BFA
Finance
March 31, 2021

A gastroenterologist client of mine in Florida is very business savvy. From the beginning of our 12-year relationship, we planned to include real estate as part of his overall diversified portfolio alongside the equity investments in his retirement account.

Slowly but surely, with the savings leftover after deferring the maximum amount he could into retirement plans, he built up portfolios of real estate for income purposes that included buying an office …

Read more…

Cost segregation: an underutilized strategy for physicians who own real estate

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  • Most Popular

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