Steven Podnos, MD, CFP

Having a relationship with a good financial planner brings a “best of” team of advisors to help you achieve your life goals.

The great basic tenet of insurance is to plan for the small possibility of a large loss. Here are some of my other insurance tips for doctors.

What would it mean physicians if the Fed raises interest rates again? Here is a guide that breaks down the scenario.

There are a lot of common sense facts about investing money, but despite this reality, physicians can still screw up and hurt personal finances.

What should physicians be wary of when looking at their investment portfolio in retirement? Here are a few possible trouble spots.

What do physicians have to know about buying index funds? Here is a look into this type of financial investment.

Are you interested in putting money into alternative investments? Stay away, warns physician financial planner, Steven Podnos.

Part two of a two-part series in which physician buyouts are explored and whether or not the financial offerings make sense for you.

In part one of a two-part series, Steven Podnos talks about hospitals buying out physician practices while weighing the positives and negatives.

If you are weighing whether or not to take Social Security early or wait it out, here are a few considerations that you should have.

You can check on patients and correct errors by regularly looking at their data, but you can’t do the same with investments.

How can you make sure your money keeps working for you in retirement? Here are some strategies for investment in the latter years of your life.

Here are some tips to effectively help your elderly parents with their finances, including getting them the right health insurance.

How can you reduce taxes if you run a practice? Funding a retirement plan with pretax dollars, an HSA, and more can get you started

With people staying healthy and active into their nineties, retired physicians have to figure out how to not run out of money. Here are some strategies.

While people don’t often use home equity, it can be a “buffer” if things go poorly. Here are a few ways to use it as an asset.

Many expenses go away or are reduced when you retire. In some cases, you may be able to maintain on 15-30 percent less annual income when you are retired.

Physicians investing with brokerage firms have to be careful not to get ripped off by brokers taking more than their fair share.

Helping patients understand they have to pay for their care can be difficult. Here’s a guide that helps break it down.

It’s in our nature to want to buy the winners and sell the losers. Successful investing often involves the opposite.

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 using someone with the CFP designation is the correct course of action when looking for advice on finances as a physician.

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.

When planning for retirement, it's important physicians calculate how much inflation will affect your pension and other sources of income.

The topic is complex, but understanding rising interest rates is important when evaluating fixed income investments.

I'm often asked how much life insurance physicians require and what type I recommend. Here are my answers.

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.

Here's a look at the ups and downs of low interest rates and what they mean for physician investors.

Leaving assets can be particularly tricky with spendthrift heirs or those with personal issues. Here are two financial vehicles to consider.

The stock market has significant scrutiny and regulation. Side investments, however, are a different story, so be careful where you invest your money.