Connect to other sites within the UBM Medica Network
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.
The Smart Way to be a Contrary Investor
It’s in our nature to want to buy the winners and sell the losers. Successful investing often involves the opposite.
Maybe You Don't Need Life Insurance?
Life insurance is very rarely a good investment. The vast majority of physicians and staff should only buy enough to replace potentially lost income.
Why Use a Certified Financial Planner?
Why using someone with the CFP designation is the correct course of action when looking for advice on finances as a physician.
What Does it Cost to Live in Your House?
It can cost up to 10 percent of the value of a home to live in it each year. Here are a few ways home ownership adds up.
The Role of Inflation on Your Retirement Income
When planning for retirement, it's important physicians calculate how much inflation will affect your pension and other sources of income.
Rising Interest Rates and Fixed Income Investments
The topic is complex, but understanding rising interest rates is important when evaluating fixed income investments.
Determining Life Insurance Coverage for Physicians
I'm often asked how much life insurance physicians require and what type I recommend. Here are my answers.
Physicians: I Don't Have a Financial Crystal Ball
Here are some common financial questions I'm asked that I frankly don't know the answer to, as well as a few I do have guidance on.
Dealing with Low Interest Rates as a Physician Investor
Here's a look at the ups and downs of low interest rates and what they mean for physician investors.
Trusts vs. Annuities: Leaving Assets to Heirs
Leaving assets can be particularly tricky with spendthrift heirs or those with personal issues. Here are two financial vehicles to consider.
By clicking Accept, you agree to become a member of the UBM Medica Community.