Why High-Earning Physicians Outgrow the 401(k)
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Traditional retirement plans weren’t built for physicians at the peak of their earning years. Contribution limits, early-withdrawal penalties, and required minimum distributions can make even a strong 401(k) feel restrictive. MSSNY’s Physician’s Life Income Plan (PLIP), developed with Financial Strategies Group LLP, offers a modern alternative designed around physicians’ real-world financial lives.
The Challenge
Many New York physicians reach a point where they can no longer meaningfully grow tax-advantaged savings. Roth IRAs and 401(k)s impose annual ceilings and require minimum distribution (RMDs) that shrink long-term flexibility.
The Solution
The PLIP uses a specialized accumulation strategy built on institutional life-insurance architecture to provide:
- No income or contribution limits
- Tax-advantaged growth and withdrawals
- No required minimum distributions
- More than 80 institutional investment options
- Asset protection
Why it Matters
Every physician protects patients daily, but few protect their own wealth effectively. The PLIP helps safeguard income, family, and legacy while optimizing lifetime tax efficiency. It helps physicians put their income to work, like a trusted partner who keeps earning even when they’re off the clock.
A Growing Movement
When 401(k)s first appeared four decades ago, few professionals understood them. Today, they’re everywhere. In ten years, every physician may know the PLIP name. Through MSSNY, you can grow your wealth now, before it becomes standard.
Next Step → Explore the PLIP and register for the next informational session.
