Navigating Taxes and Retirement: Tips for Mental Health Professionals- Part 4

Posted By: Hayley Twyman Brack Resources ,

After years of maintaining a private practice or working as a contractor, eventually most therapists will choose to retire. While many salaried clinicians have retirement savings options provided by their employers through 401Ks, most self-employed clinicians find themselves planning for retirement on their own.

In the final installment of the series, we again join Certified Public Accountant Austin Murray of Millennial Accounting as he explores different ways to plan for retirement and how his firm can help therapists navigate retirement, tax season, and more. In this video, Austin will discuss:

-Investment account options that self-employed clinicians can use to save for retirement
-The difference between Roth and Traditional investment accounts
-How Millennial Accounting can support therapists in both their yearly taxes and long-term retirement goals.

Before watching the video above to hear more about these topics, be sure to check out our first three videos here. Then, click here to learn more about Austin’s firm, Millennial Accounting and follow the Oklahoma Counseling Institute for more resources and articles for mental health professionals.