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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.
How Employed Physicians Can Improve Their Finances
Employed physicians lose many of the tax advantages and other benefits of running their own practice. Here are some ways to counteract the negative effects.
Are Art, Jewelry Good Investments for Physicians?
For many physicians, art and jewelry are good investments — but not necessarily in the financial sense.
Physician Beware: Delayed Annuities with Guarantees
Why physicians may want to proceed cautiously when considering delayed annuities with guaranteed withdrawal benefits.
What Great Financial Advisers and Physicians Have in Common
When attempting to find a great financial adviser, look for many of the qualities you would look for in a great physician.
Does a Simple IRA Make Sense for Your Medical Practice?
The 401K plan is the overwhelmingly popular choice of retirement plans for most medical practices. But some may want to consider the Simple IRA.
Physicians and Investments: An Often Overlooked Consideration
One of the trickiest aspects of evaluating money and investments is the aspect of time. Have you considered how time could impact the value of your money?
Physician Finance: Determining How Much to Save, Spend
The uncertainty of knowing just how much money one will need over decades of retirement is a challenge faced by most physicians.
Tips for Physicians: Raising Money-Smart Young Adults
Physician parents must continue to foster smart money skills in their children through the college years. Here are some tips.
Tips for Physicians: Raising Money-Smart Teens
The teenage years are a critical time for children to gain financial independence. Here's how physician parents can help.
Tips for Physicians: Raising Money-Smart Kids
Physicians should start fostering money skills in their children from a young age. Here are some techniques to try.
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