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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.
Should I Take Social Security Early?
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.
Investments Can’t Be Treated Like Patients
You can check on patients and correct errors by regularly looking at their data, but you can’t do the same with investments.
Investment Strategies in Retirement for Physicians
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.
Getting Parents the Right Health Insurance
Here are some tips to effectively help your elderly parents with their finances, including getting them the right health insurance.
How Practices Can Reduce Taxes
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
Will Your Money Live as Long as You Do?
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.
Thinking About Your Home in Retirement
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.
The Decreased Cost of Retirement
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.
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.
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