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Millennial Physicians Bring New Expectations to Relationships With Patients, Peers and Pharma

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National Survey Reveals Four out of Five Gen Y Doctors Believe Millennial Patients Require a Different Relationship with Their Doctors than Older Patients Millennial physicians defined as 26 to 36 year old general practitioners are redefining the patient-physician relationship. According to a new report released today from inVentiv Health agencies, GSW, inVentiv Health PR Group and PALIO, 66 percent of millennial doctors change their approach according to the age of the patient they’re seeing. This includes being more likely to ask millennial patients to do additional research on their own, and simplifying explanations for non-millennial patients.

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The Evolution of Work and the Changing Nature of the Global Workplace

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A generational workplace shift is currently underway and it’s having a big impact on the way organizations work and engage their employees. Millennials, employees born between 1981 and 1997, are now the largest generation in the U.S. workforce, according to the Pew Research Center. They have different assumptions and expectations about work, and wise organizations should adapt quickly to the multiple challenges that arise in retaining and developing a younger-skewing workforce.

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Early Retirement Distributions and Your Taxes

Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of the income tax you may have to pay. Here are a few key points to know about taking an early distribution: Early Withdrawals An early withdrawal normally means taking the money out of your retirement plan before you reach age 59½. Additional Tax If you took an early withdrawal from a plan last year, you must report it to the IRS. You may have to pay income tax on the amount you took out. If it was an early withdrawal, you may have to pay an additional 10 percent tax. Nontaxable Withdrawals The additional 10 percent tax does not apply to nontaxable withdrawals. They include withdrawals of your cost to participate in the plan. Your cost includes contributions that you paid tax on before you put them into the plan. A rollover is a type of nontaxable withdrawal. A rollover occurs when you take cash or other assets from one plan and contribute the amount to another plan. You normally have 60 days to complete a rollover to make it tax-free. Check Exceptions …

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How to Request your Tax Transcript Updated for 2016

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The IRS reminds taxpayers to plan ahead and take advantage of other options to obtain a tax transcript while work continues to bring the viewable/printable functionality of the Get Transcript application back online in the near future with enhanced identity protection security features. In the meantime, taxpayers don’t have to wait. They can order their transcript online, over the phone or by mail — the quickest options available. If they plan ahead, they should receive their transcript within five to 10 days from the time the IRS receives the request online.

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