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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.
Getting Ripped Off by a Broker
Physicians investing with brokerage firms have to be careful not to get ripped off by brokers taking more than their fair share.
Understanding Health Insurance Costs
Helping patients understand they have to pay for their care can be difficult. Here’s a guide that helps break it down.
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.
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