Imagining your retirement with 401k guru Ross Powell

Many thanks to Ross Powell, Founder of Survival 401k. After leaving the Navy, Ross worked for many years in the financial and insurance industries. About 12 years ago, he founded Survival401k, where he helps self-employed individuals create and manage a 401k. 

Traditionally considered a retirement vehicle for stocks and bonds, a 401k can also be used for investing in real estate, other nonconventional investments, and asset protection. One can even take a loan from one's own 401k!

During our 30-minute program, Ross shared his financial experience and insights. Although he is not a certified public accountant (CPA) or certified financial planner (CFP), Ross knows the 401k vehicle inside and out.

To contact Ross, go to his website: https://www.survival401k.com/

Or his personal cell: 210.639.7227

PS: If you mention you heard Ross on The Art of Medicine, you’ll earn a $100 discount on his services.

Please click "Fanmail" and share your feedback!

If you enjoy an episode, please share with friends and colleagues. "The Art of Medicine with Dr. Andrew Wilner" is now available on Alexa! Just say, "Play podcast The Art of Medicine with Dr. Andrew Wilner!" 

To never miss a program, subscribe at www.andrewwilner.com. 

Follow me on Instagram: @seaphoto2025

X: @drwilner

linkedin.com/in/drwilner 

Please rate and review each episode. 

To contact Dr. Wilner or to join the mailing list: www.andrewwilner.com.

 Thanks for listening!

@uthsc @drwilner @chg @yaleu 

 #theartofmedicinewithdrandrewwilner

 @amazonmusic @medscape 

 #podcastsonamazonmusic

Transcript

Copy Transcript Copied

Speaker 1 0:07

Welcome to The Art of Medicine, the program that explores the arts, business, and clinical aspects of the practice of medicine. I'm your host, Dr. Andrew Wilner. I've planned a great program for today, but first a word from our sponsor, LocumStory.com. Locumstory.com is a free, unbiased educational resource about locum tenens. It's not an agency. Locumstory answers your questions on their website, podcasts, webinars, videos, and they even have a Locums 101 crash course. Learn about Locums and get insights from real life physicians, PAs, and NPs at locumstory.com. And now to my guest. Today, my guest is Ross Powell. Ross is an asset protection architect with 12 years of experience leading survival 401k. He tailors advice for locum tenant doctors on tax-efficient investments and asset protection. Welcome, Ross.

Speaker 2 1:08

Thank you, sir. It's great to be with you.

Speaker 1 1:10

Okay, well, before we get started, Ross, I guess why should I listen to you? What's your financial uh background?

Speaker 2 1:18

Oh, sure. So my ultimate background after graduating from the University of Texas in Austin back in the 80s, I became a naval officer uh in for about 11 years, but then I got out and uh started working for Hartford Insurance. And then so about 40 years, so Citibank, uh Chase, uh VP in both of those. I worked on the the homework card, you know, Home Depot projects. I worked as the in the back office for functions like safety deposit box and things like that with Chase, customer service. I've run thousand-person call centers uh in the financial world. So I've a lot of background in finance. And when we get to it, I can tell you I even got introduced to this product because I had to quit my day job as a VP at Chase to start this company, which started as a side gig. So it got to be so popular. And because I eat my own soup, I had one of these myself, and so I could see the power of it to share with other people, and became like a mission for me to share this with other folks.

Speaker 1 2:17

And we're talking about this entity called the Solo 401k.

Speaker 2 2:22

Yes, sir. Yes, sir.

Speaker 1 2:24

Yeah, I read your uh PDF on that. Uh I I thought it was really, really clear and uh interesting. You know, my my financial background was just inherited. My dad was an attorney and a certified public accountant. And so so growing up, I I had no interest in these things at all. And I would just say, Dad would give me this stack of papers and say, sign here, and I'd say, okay. And you know, I had complete confidence in him, whatever he said that was, you know, going to be the right thing. So I would just sign it. And it wasn't until relatively recently that I've had to kind of make these decisions uh for myself. Um, but way, way back when I started earning a little bit of money. Um I guess you would call it, we didn't call it a side gig back then, but um, as a writer, you know, I would write an essay or an article, we'd do an interview, and I'd get, you know, $100.

Speaker 3:16

Right.

Speaker 2 3:16

And dad set up this thing, this 401k thing for me, uh, which I have on to this day. And um managing it, I would say, has not been entirely straightforward because I haven't had a person. I think two problems. One, I don't always know what to ask, and two, I don't know who to ask. And uh so um it had it's been a little stormy, but I understand the basics. So why don't we start with, you know, a lot of our audience are physicians, many of whom are uh employed traditionally, they have their own practices or they're employed by hospital, but many are uh what we call locum tenens physicians. Either they're doing that on the side, or that could be their full-time job, that they go from job to job, and they are self-employed or 1099 individual individuals. So why don't we talk about first, uh, I guess, what is a solo 401k and then who's eligible?

Speaker 4:11

Sure, sure. And and for the record, I have quite a few physicians as my clients today. Some are doing locum tenens, some are private practice, some are 1099 to a to an emergency room. There's a lot, there's a movement towards a lot of physicians being contracted by the hospital. It saves the hospital on the malpractice insurance, and so they have to take that on themselves. And so that's one of the things that we try to help them save their money on different structures legally for their structures. But the Cell 401k started uh in 2002 under the George Bush administration. And the interesting fact is since then, only 3%, 2 to 3% of the population knows anything about it. And so that's the unique thing. It's something that's been around going on 24 years, and very few people understand it, including accountants, even attorneys. So the reason for that, I personally think that's a supposition on my part, is that if you have a whole industry that in Wall Street and in the financial world that makes their living churning your money in Wall Street, why are they going to tell you how to do it yourself, right? I don't have any empirical data that says that. Um, that's my gut feeling. And you talk to some financial planners and we move their money out of uh their bucket into these people's own buckets, the doctors, lawyers, whoever my clients are, small business owners, nurses, anything, anybody in the medical world can support can support this, they get very upset because you're basically taking their 3% of that $600,000. That's money out of their food trough. So that's and you start making managing it yourself. Now, again, it's not hard, but you have to know what you're going to do, but it also adds freedom to you because this survival survival for one get the 401k we provide allows you to get into real estate, tax liens, private equity, private loans, uh farmland, timberland, precious metals. If you can think of it and it's not prohibitive, you can do it. I mean, for instance, I have a client, I don't know if he's, I haven't heard from him lately, but I know he was doing, he bought a water truck and he's and he and he hires it out to somebody in Colorado during fire season and he makes $2,000 a day selling bringing water to the fire department to fight fires in these remote areas. So it's an amazing thing. Another person gets bought a uh 18-wheeler, leases it out to an owner operator, and he makes a bunch of money. He has a rental property on it, but he also has he gets a commission on the actual or a share of the actual load. So he structured this such that you know he makes money sleeping, right? So without the upside risk, unless the truck obviously lays in a ditch, that's a whole other discussion. But generally speaking, he does very well with that. So the cell okay, cell of 401k allows you a broad spectrum of investments and you control it. So you're the plan administrator, the trustee, and the fiduciary. The buck stops with you.

Speaker 2 7:04

Now, my my understanding though is it's billed as a retirement plan. Is that right? It is. So I'm a doctor, I'm working, I'm making some money on the side. How much money can I put into this retirement plan?

Speaker 7:21

Up to depending on your age. If you're under 50, for some young younger doctors, it's 72,000, up to 72,000 between your profit share and your and your your uh voluntary contribution, which is 24,500. If you're over 50, it's 80,000. If you're between the age of 63 and 65, it's $83,500. So it's depending on how you're structured within your practice.

Speaker 2 7:47

Part of the beauty of that, I understand, is that let's suppose you're making $200,000 and you want to put in $80,000, that that $80,000 comes off the $200, so you're actually going to pay taxes that year on the $120, not on the $100.

Speaker 8:02

And what brings you down into old new brackets and someday, someday you're gonna have to pay tax, right? On what's in the 401k, is that right? Absolutely, absolutely. When you reach 73, the year you're turning 73, uh, you'll have to start taking your RMD, which is generally 4% of your balance.

Speaker 2 8:22

Now, I'm gonna get into the weeds here a little bit because this is a question I'm curious about. Now, my understanding, we'll set the ground rules here. To have a solo 401k, you have to have a 1099 business, okay?

Speaker 8:35

Right? Well, that or a small business, or if you have your own private practice, but it's just you and I knew a lot of doctors are doing concierge medicine and things like that. And so it's changing the way this big sprawling practice, you may have that with 10 doctors with a PLLC, but that probably wouldn't qualify because they have a lot of W-2 employees. But if it's a single doctor, sole proprietor, not so proper, a doctor with his own practice, and you may have some medical assistants or a nurse, but if they're not, if they're W-2, they're out of luck. But if they're W-2 under a thousand hours, or he pays his people 1099, then he's gonna he's golden. So it again, if you're or local tenens, or even your even your 1099 income, if you're doing that as a side gig or or doing some extra money, then that business qualifies you for. Now, if you work, if you're a W-2 doctor with a hospital, it's becoming less and less frequent and more of the more of the 1099, then whatever you put into the 401k there comes off the top of your other. But if you don't, if you don't contribute to this one with the hospital and you put it all into your your plan, then your 72 or your 80 or whatever is fully can be fully funded.

Speaker 2 9:52

So you mentioned earlier RMD. Um required minimum distribution. Required minimum distribution. So my understanding of that is that when you hit 73, the government says, okay, you know, we let you keep this money over here without paying taxes on it, you know, since you've been, you know, 50 years old. But now it's time to start taking it out and paying taxes on it.

Speaker 10:16

Right. But there's a calculation for that.

Speaker 2 10:19

And and they'll figure out based on how long you're going to live, right?

Speaker 10:22

Right. There's they have tables and there's a calculator, but generally it comes, and your CPA can help you with that. On our website, there is a tool, a tool button, and it'll take you to that, and it'll actually help you calculate your RMD right there on our website. So the the bill, but it's generally 4% of your balance.

Speaker 2 10:39

And is that calculation based on say it's over 15 or 20 years that there would be zero left at the end?

Speaker 10:46

Is that not necessarily because no, it it's just a calculation that the government uses based on your lifespan. Now, you could take more than the 4%, uh, but uh generally speaking, we'd have to run that calculation to see what your balance. But uh if you live to 80 or you live to 100, your money may not may or may not less. It's all dependent on what you're invested in. So if you're making 20% a year on your money and you're only with taking four, then you're gonna be okay. But if you're only making two and you're taking four, you're obviously you know you're squeezing air in the balloon, you're gonna see how that works.

Speaker 2 11:19

Now, the rule is the the presumption is that at age 73 you're retired. But this solo 401k is for self-employed. So let's let's use a concrete example. Suppose I'm a locum tenens doctor and now I'm 79, but I'm still making $20,000 a year locum tenens. Do I have to take my RMD?

Speaker 11:42

You don't. As long as you're still working, you don't have to necessarily take it. Now you have to, there are some forms you have to fill out and get with your accountant to make sure you do that correctly. I'm not a CPA, I'm not a financial advisor, a financial planner, I'm not licensed to give that kind of advice. So I will always turf you off to a to an attorney, a tax attorney, or a CPA, which we know we have people that we've vetted that we know are good.

Speaker 2 12:08

Do you know what the minimum is? In other words, suppose I want to stall my RMD. How much money do I have to earn that it would qualify as still working?

Speaker 12:21

I don't think there's any number. I mean, I would I would suggest a few thousand dollars, I would think. I mean, as long as you can prove that you're attempting to make money. Now, the there is no guideline in the IRS rules. It just the IRS rules say you have to be attempting to make money. There's no specific number. It all depends on your accountant. And there's two types of accountants. There's a basic vanilla accountant that's just your compliance guy, doesn't think about saving you money, and then there's the innovative, the innovative type CPA who's looking for ways to legally save you money and make you pay the least your fair share, but the least amount that you're of your fair share, right? So it all depends on your accountant, and we lean towards the the innovative ones more so than the plain vanilla, because the plain vanilla ones don't even know about the plan and they get confused and they're not interested in really taking on that work.

Speaker 2 13:13

I saw something interesting. You know, I've been told that if you have a young child, you can employ them, and then that saves you money. But then I saw in a fine print here that if you have a solo 401k, you can't do that. Could you clarify that?

Speaker 13:28

I've never heard of that specific rule. I mean, I've never known that to be a case. If you can actually, if you have a let's say a 16, 17, 18-year-old, you can pay them, I believe, up to $12,000 a year tax-free. Now they don't, you don't have to pay, they don't have to pay taxes, and you can deduct the taxes, but they don't pay tax on that money. I've never heard that rule where you have a solo 401k, you can't do that. I thought I'll have to research that because that's the first time I've ever heard that.

Speaker 2 13:53

Okay. Uh let's see. So, downside, what's the downside of a 401k?

Speaker 14:02

The rules. I mean, you have to be careful. I mean, there's no real downside that I know of, other than you have to keep you know good records, and generally doctors are very well organized. So they keep track of everything. They're they have to, because of their licensing, they can't be the shrimper over there, kind of Lieutenant Den and you know, Boris Gump. They have to be very, very meticulous. So it's just that you have to have good rep keep good records. Make sure that you don't deal with your ascendants, meaning your parents, grandparents, or your descendants, your children, grandchildren, your your in-laws, things like that. However, you can deal with your brother, sister, cousin, aunts, uncles. So lateral on your DNA is fine. Vertical on your DNA is no joy.

Speaker 2 14:48

In what respect? In what respect?

Speaker 14:49

What what meaning to be able to deal with them? So self-dealing or dealing with family members is off limits. So your ascendant, so your parents, your grandparents, your great-grandparents, if they're still alive, you can't deal financially with them. Or your children or your money or I'm not sure how to do it. Well, I mean, you can loan, I mean, yeah, loaning the money from your plan, you can't do that. Now, like for instance, for your children, if they're going to college and you want to, instead of just renting a place, you want to buy a rental property to keep while they're going to school, you can do that, but your children can't stay in it because that would be considered a prohibitive transaction. Just like if you have a rental property, you can't stay in it. Like I have a client that bought a rental property or a vacation property in Cabo recently, is about to close this month, and it's paying $600,000, but he can't stay one night in it. So again, that's just for real estate investing. You can go and look at it from the outside, probably do a walkthrough, depending how conservative you want to be. But spending the night there is you can't do that. It's a primitive transaction. So then it's personal use versus then it's personal use. So you're getting personal gain out of it. So anytime that you and you can't co-mingle money. So let's say you have $100,000 in your 401k and you have $100,000 in savings and you want to buy this rental property, you can't do that because you're commingling funds, right? Now, if you have $100,000 in your in your four uh in your personal account, and you have $100,000 in your savings in your 401k, you could borrow $50,000 of that money and match it to this, and then you'd be fine. But you can't do it otherwise. So you'd have it has to be strictly arm's length, as we say.

Speaker 2 16:30

And $50,000 is the limit you can borrow regardless of how much is in there?

Speaker 16:35

You can have $10 million, and the most you can borrow is $50,000.

Speaker 2 16:39

Okay. So so hypothetically, suppose I want to buy a rental property in Cabo. That sounds like a great idea. And uh, but five years, so I rent it out and then things are, and then five years later, I say, you know, uh, I want to retire in that property. I want to get rid of the renters, I want to live there. What how does that work?

Speaker 16:56

You just have to take it as a distribution. You just get a new evaluation of the property's value. Then you would take that as a distribution and pay the tax on it, which would probably be a pretty big tax bill. Uh in the interim before that, you could, if you want, if you think in five years I'm gonna do it, you can get that evaluation, can do what's called a mega a mega Roth conversion and convert it to Roth. Then all that, and then five years later it becomes tax-free. Then you can take a distribution and live in it that way. So, but again, either way, you have to render under Caesar what is Caesar's at some point.

Speaker 2 17:32

Okay, now there's this concept that was that was helpful. There's this concept of third-party administrator, and then even if you're doing it yourself, somebody has to like hold the money and file some kind of forms.

Speaker 17:47

No, no, so with a cellophore, now with an IRA, you always have to have a custodian. You always have to have somebody managing the money, sits in their bank or wherever, wherever they keep their coffers, and then you have to request to get money. That's why this plan is better than an IRA for real estate investing and others, because you don't have to ask permission, you just stroke a check. So with this one, unless you're over $250,000, which I'm thinking most doctors will be at some point, they have to file a form 5,500 EZ. It's a simple two-page form, we help you do that uh by July 31st of the following year. So we just just this past Friday was the deadline for 25's form, right? So, but if you don't cross over that Rubicon of 25,000, then you have no paperwork to do. You still need to keep a spreadsheet, keep a, you know, keep a valuation once a year of your planned assets and write one note to yourself from plan administrator to trustee. The planned assets are such and such and such and such value is as of December 31st of 2025, is X number of dollars. And you just stick that in the binder we give you, and it just carry on your go on your merry way. So the money can just sit in any random bank? It can actually. We have some preferred banks that because they have specialties in real estate, non-recourse lending, we can talk about that. Uh so that we have certain banks that we use. Traditional banks like Chase, Bank of America, Wells Fargo generally won't do it anymore. Chase never would. And I knew I worked there and they still wouldn't do it. Uh, so there's a bank I use, there's a thing called Fortis Bank out of Colorado, who are very innovative. And so they specialize in these accounts, and so it's a very low friction bank account opening. You don't have to go and sit for two hours trying to get your account open, everything's done online. Uh, and I help you get started with that. So it it's a it's a very frictionless type of transaction. Then you just roll your money from Fidelity, like you have, or Vanguard or E-Trade or wherever your money's sitting, and you can roll over everything, you can roll any kind of retirement plan you have except a Roth IRA. Now for Roth 400K you can do, but a Roth IRA you cannot roll over.

Speaker 2 20:07

Well, there really wouldn't be any need to, right? Because it's already effectively cash.

Speaker 20:12

Well, right. Unless you want to unless you want to invest in real estate, then you have to have a self-directed Roth IRA, which we can help you get that established through Titan as well. But then you'll probably have to have an LLC attached to that. And so there's just a lot of wickets you have to jump through. Uh so the Roth IRA becomes it's it's much more difficult to work through. And IRAs in general are more, especially for real estate, because if you want to use leverage, but a lot of people do in real estate, where the renters pay their mortgage on that, excuse me, there's something called uh UDFI. It's uh not unrelated, but there's a basically debt financing, and it's a very unforgiving 37% tax on the money that the leverage helped you make. So let's say you borrow 70% for this mortgage, which which Fortis will give you uh 70 loan to value, which is very high. And so, and you can't use your personal credit. So the non-recool is something. So let's say you buy a property for $300,000 and you finance 70% of that, then you're gonna pay any rentals that come in, any upside when you sell it, that 70% of it's gonna be subjected to this tax. And anything over $14,000 in income is gonna hit that 37% bell. So you're gonna lose a lot of money. So that's why we focus on survival of the for solo 401k, because it's not the solo, the uh solo phone kit is not doesn't have UBTI, unrelated business tax. Uh, there's no UDFI for real estate. So it's a much better platform for real estate investing, or basically any kind of investing, actually.

Speaker 2 21:53

Okay, so you're 73 years old, you've been saving money for the last 40 years, it's time to Start taking these RMDs, the government is going to send you a letter and say this is how much you have to take, and this is non-negotiable. You can take more.

Speaker 22:09

They probably won't send that letter to you. You have to do it yourself. Ah, so um now Fidelity would like for you, Fidelity would do that calculation for you. They'll tell you, they'll say, Doctor, you have to do this, and and then they'll send you a check and say automatically. Whereas our plan, you do it yourself.

Speaker 2 22:26

In order to stop Fidelity from doing that, you're saying I would have to file some kind of form with my account that says, hey, hey, I'm still working, right? Correct.

Speaker 22:35

And I don't think you can do that with Fidelity because you're unless you have a solo 401k with them. If you just have a account with them, uh but if you're working and making contributions, you can probably tell them that. But that the paperwork to do that is going to be very uh arduous. So with your own, you just tell your account, look, I'm still working, I'm making $30,000 a year, I'm contributing all of that to my plan. Uh which and that a lot of times, doctors, if you don't need that for your budgeting or your you know eating every day, then you can put all of that side gig money into your plan, which is again, we brings you down below a different in tax bracket.

Speaker 2 23:14

Right. So but the RMD money, let's say um can't wiggle out of that, that's going to get taxed as income. Is that right?

Speaker 23:23

Right, normal income, right?

Speaker 2 23:26

So it just gets added into your earning or your nine. Right, there's a line.

Speaker 23:30

I think it's on the front of your of your 1040. I don't know the line item because I'm not a CPA, but it retirement income, it'll be on that line. Okay. And you'll get a 1099R uh with probably a uh the letter one or letter th number three in that box number seven. So that's gonna tell them what type of distribution it was.

Speaker 2 23:56

Well, I think we've shed some light on what seemed to be potentially confusing uh rules. Um what about working with you? How does that work? You're not an accountant, you're not technically a financial advisor. What is it that you do could do for me or another physician? Sure.

Speaker 24:18

I mean, I can uh I can because of my experience and and I have 550 clients over the last 12 years with a bunch of different uh situations, and I have many, I have a lot of doctors as well, physicians that have come to me. So if you're saying I want to get into real estate, but I'm all tied up in Fidelity, my money's tied up in Wall Street, and somebody will tell you that, oh, your your portfolio is completely diversified. If you're inside, if if you're all ETFs, bonds, stocks, mutual funds, you're not diversified, you're all inside the walls of Wall Street. So if you want to fully diversify, when you want to get Main Street and Wall Street, then you can go into a self-directed plan like ourselves, maybe even a portion of it. Let's say you only just do $100,000, for instance. Our minimum is $15,000 simply because uh you can pay taxes on that and pay less than what we're doing for our plans. So morally, I I won't do it simply because I would be taking money from you that that you wouldn't have to spend because it's not necessary. You can just take pay the tax on it. Because I have people come to me all the time. I used to work for Walmart or for Home Depot or whatever. How much is in there? $13,000, $14,000. Just take the pay the tax on it or open an IRA. I'm not gonna charge you twelve hundred dollars so you can get when you can pay $1,400 in the tax and be done with it. So that's the thing. So it all depends. So for doctors, for your client, for your listeners and your watchers, you're working with me from experience, and so I can I can understand your business, listen to your aspirations, and say, yeah, this is gonna work for you, or no, it's not. If it can't help you, then I'll tell you somebody if I know can help you and I'll send you that way. Again, this is a mission to me, a lot of ways to help people. So it's an idea to get you in the right direction and try to set you free and get you out of what I call the matrix to actually have financial freedom of your money uh is the problem, is the primary reason I'm with you do this.

Speaker 2 26:12

Yeah, I appreciate that. Uh, I had another guest recently, uh Lane Kawaoka, who uh does a lot of uh high-end real estate uh investing and he talks about the the wealth elevator, and uh he's not a fan of the Wall Street, the conventional Wall Street uh investments. Um he sees uh Main Street, as you call it, and making direct investments, you know, buying a property uh as uh more uh certainly more potentially lucrative than buying you know stocks or ETFs or things like that.

Speaker 26:46

Of course, it's more predict, it's more predictable. I mean, because the stock market in last week it was down, today it's up when we for this call, 700 points. So it's you know, that's because they knew I was talking with you today.

Speaker 2 27:01

I think that's what influenced uh the big jump in the market.

Speaker 27:04

Don't you think that's if I get in the market, then you need to put puts in because it always goes down when I put money in. So yeah, I mean, that and in fact, you're the gentleman that you're talking about with the wealth elevator, uh real estate-wise, because we can structure an LLC. Actually, it's what we call the invisible investor. And so if you have a physician that wants to get into real estate, and I can I can give you some websites they can listen, see a video or a couple different places they can go to get specifically from for doctors. But so we can set you up with an LLC that's a holding company with an S Corp, and then this has another LLC locally that owns the by the property, which is wholly owned by the by the LLC, I mean the before 1K, then that LLC will use a land trust that makes you completely invisible. So your name will not be there anywhere on the county roll. So if somebody's trying to sue you, which doctors tend to get sued, right? There's plenty of there's what I would call predator attorneys that are looking for ways to take your money, then so if they can't, if they're on if they're just on you know, contract that they're just gonna do it on contingency, if they can't find any assets, they're not gonna come after you. They follow the money, generally speaking. So if your name's not on this and the LLC's not, your name is not on that, they're not they're gonna have a hard time. And if you're in Wyoming, they're gonna have a hard time finding who because charging orders and Wyoming LLCs are anonymous, you don't even see who's in it. So it's it's a very they'd have to be very difficult. Even if you got one charge, if you get a lien, implementing that charging order would be very difficult.

Speaker 2 28:48

Okay, so it there's a complicated world out there. Um how can listeners get in in touch with you, Ross, if uh they want to pursue this uh line of uh besting?

Speaker 28:59

Sure, you can call me directly on my cell phone. Uh we have an 800 number on our website, uh, but you can call me on my cell phone 210 639727. You can go to our website, Survival 401k. You want something specific for medical professionals, survival 401k slash medical. Uh, and then if you want to see me again, another video of me answering the most common questions, you can go to watch.survival401k.com and I answer a dozen or so questions, some related to real estate, some related to just overall, and our invisible investor programs and things like that. So again, I'm not a financial planner. I can't give you specific advice for an investment, but I can tell you how to not get in the ditch. My job is to keep you out of the ditch and out of the IRS's carosators.

Speaker 2 29:46

Uh well, sometimes, you know, uh not making mistakes is just the way to success, right? Absolutely. Just avoiding errors. Well, we're gonna wrap up. Is there anything you'd like to add before we close?

Speaker 30:00

Just uh nothing. I'm just glad to be here. It's been a great time talking with you, and I enjoy helping my physicians because we enjoy the medical stuff talking with that. So, you know, it's just great to be here. So I just want to say thank you for the time to be on your show. Oh, it was my pleasure.

Speaker 2 30:18

Ross Powell, thanks for joining me on the Art of Medicine. Thank you, sir. Have a great day.

Speaker 1 30:24

Well, right after we wrapped up our conversation, uh Ross told me that any listener or viewer who contacts him because they watched him on The Art of Medicine will get a $100 discount on the services he provides. So uh feel free to contact Ross. And now a final thanks to our sponsor, locumstory.com. Locumstory.com is a free, unbiased educational resource about locum tenens. It's not an agency. Locum Story exists to answer your questions about the how-tos of locums on their website, podcasts, webinars, and videos. They even have a Locums 101 crash course. At LocumStory.com, you can discover if locum tenens make sense for you and your career goals. What makes LocumStory.com unique is that it's a peer-to-peer platform with real physicians sharing their experiences and stories, both the good and bad, about working locum tenens. Hence the name Locum Story. Locumstory.com is a self-service tool that you can explore at your own pace with no pressure or obligation. It's completely free. Thanks again to locumstory.com for sponsoring this episode of The Art of Medicine. I'm Dr. Andrew Wilner. See you next time. This program is hosted, edited, and produced by Andrew Wilner MD, F-A-C-P-F-A-A-N. Guests receive no financial compensation for their appearance on the art of medicine. Andrew Wilner MD is a professor of neurology at the University of Tennessee Health Science Center in Memphis, Tennessee. Views, thoughts, and opinions expressed on this program belong solely to Dr. Wilner and his guests, and not necessarily to their employers, organizations, other group, or individual. While this program intends to be informative, it is meant for entertainment purposes only. The Art of Medicine does not offer professional, financial, legal, or medical advice. Dr. Wilner and his guests assume no responsibility or liability for any damages, financial or otherwise, that arise in connection with consuming this program's content. www.andrewwilner.com