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Steven Podnos, MD, CFP, is a critical care physician and fee-only financial planner. He is the principal of Wealth Care LLC in Central Florida. E-mail him here.
What Physicians Should Know About Living Trusts
Living trusts exist in almost every estate plan, yet their uses and meaning are vague to most. Here is some guidance.
Estate Planning Tips for Physicians: Wills vs. Trusts
Most estate plans contain both a will and a trust or trusts. While both can name beneficiaries for your property, the differences sometimes cause confusion.
Are Your Assets Protected? Six Common Mistakes Made by Physicians
Physicians should have a strong understanding of asset protection. Here are six common mistakes to avoid.
Six Common Physician Retirement Planning Mistakes
I have seen physicians make many expensive mistakes during the retirement planning process. Here are a few of the most common.
Understanding Trusts: The Basics for Physicians
Many physician families that have done estate planning have a "living trust" in their documents. Here's how it works and what it is useful for.
Planning for Physician Retirement: Are You Saving Enough?
Finding the right balance between saving and spending differs for everyone, but there is one good rule of thumb to follow.
The Dos and Don'ts for Physicians When Forming an Investment Portfolio
Determining where and how to invest is often a challenging process. Here are some tips for physicians.
Five Retirement Planning Tips for Physicians
Are you doing all you can to ensure financial stability during retirement? Here, a financial planner shares his key advice.
Inadequate Disability Insurance: A Rude Awakening for Many Doctors
Many doctors experience a large gap between what they typically earn and their disability benefits. Here are five strategies to better protect yourself.
Inheriting an IRA Can Present Unexpected Problems for Physicians
Asset protection is an increasing concern for many doctors. Not understanding that a large IRA inherited from a parent is vulnerable could be a tragic error.
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